So the Iskandar story is looking less attractive now?
The Star/Asia News Network
Sunday, Jun 02, 2013
Johor to raise taxes on properties owned by thousands of foreigners
Link:
http://business.asiaone.com/news/johor-r...foreigners
JOHOR BARU - The state government will impose higher tax rates for about 130,000 foreigners who own properties in the state.
Johor Mentri Besar Mohamed Khaled said the rates were still being discussed, but the new rates would be imposed by the end of the year.
"I believe that most locals will be in agreement to this new policy, and it is done to increase our state's returns," he said during a news conference before conducting a walkabout in Permas here on Sunday.
Datuk Seri Mohamed Khaled added that a re-evaluation exercise would also be conducted statewide as the last formal evaluation was done in the '80s.
"Some of the local councils have conducted property evaluations in the last few years and this includes the Johor Baru City Council who last did a property evaluation in 1991.
"Taxpayers need not worry about the evaluations as property taxes will be retained for lower priced properties," he said, adding higher taxes might be imposed for properties worth in the millions.
Mr Mohamed Khaled said the state had no intention of increasing the financial burden of the people but also needed to increase the returns to ensure that the local councils can provide better facilities and services for the locals.
lol think many sg investor betting on iskandar will feel the pain
Is this a surprise to many ?
that what I say before they keep changing the rules without regard for people who have vested stakes. Suka suka they like overnight they can change one.
They specialize in Kelong fishing.
Their original property tax is peanut compare to Singapore. Even their proton 1.6 cc car roadtax is only 90rm per year..
They should increase their property tax long ago.. Even if they increase 100% overnight, it is nothing as how we have paid our Singapore govt. Maybe equivalent to a 1-2 months of condo conservancy..
That is a good move. More tax collected means better infrastructure, better police pay etc. ha ha.. After paying so much in Singapore, everywhere in the world is cheap cheap..
This morning Singapore ECP jam is so bad that I took 40min to cover 2km.
Seemed like crossing JB custom.
(03-06-2013, 09:13 AM)cfa Wrote: [ -> ]They specialize in Kelong fishing.
(03-06-2013, 10:52 AM)shareinvestor1 Wrote: [ -> ]Their original property tax is peanut compare to Singapore. Even their proton 1.6 cc car roadtax is only 90rm per year..
They should increase their property tax long ago.. Even if they increase 100% overnight, it is nothing as how we have paid our Singapore govt. Maybe equivalent to a 1-2 months of condo conservancy..
That is a good move. More tax collected means better infrastructure, better police pay etc. ha ha.. After paying so much in Singapore, everywhere in the world is cheap cheap..
This morning Singapore ECP jam is so bad that I took 40min to cover 2km.
Seemed like crossing JB custom.
(03-06-2013, 09:13 AM)cfa Wrote: [ -> ]They specialize in Kelong fishing.
They build big things is not for development rather they do it and have their own government foot the bill on these mega projects. Not that its any of our business but their aim is to make money from development not make money from maintainence. So as an investor you pump money into there you have to wary this. After development may see the project languish or forgotten.
An example is they spent billions developing langkawi they could have enhanced the value of investors who put money into langkawi by having Iskandar project sited next to it instead of having it so close to singapore.
Make sense! If one to invest something there, don't buy too many.. have one for retirement for fresher air is fine.. I think..
(03-06-2013, 11:21 AM)sgd Wrote: [ -> ] (03-06-2013, 10:52 AM)shareinvestor1 Wrote: [ -> ]Their original property tax is peanut compare to Singapore. Even their proton 1.6 cc car roadtax is only 90rm per year..
They should increase their property tax long ago.. Even if they increase 100% overnight, it is nothing as how we have paid our Singapore govt. Maybe equivalent to a 1-2 months of condo conservancy..
That is a good move. More tax collected means better infrastructure, better police pay etc. ha ha.. After paying so much in Singapore, everywhere in the world is cheap cheap..
This morning Singapore ECP jam is so bad that I took 40min to cover 2km.
Seemed like crossing JB custom.
(03-06-2013, 09:13 AM)cfa Wrote: [ -> ]They specialize in Kelong fishing.
They build big things is not for development rather they do it and have their own government foot the bill on these mega projects. Not that its any of our business but their aim is to make money from development not make money from maintainence. So as an investor you pump money into there you have to wary this. After development may see the project languish or forgotten.
An example is they spent billions developing langkawi they could have enhanced the value of investors who put money into langkawi by having Iskandar project sited next to it instead of having it so close to singapore.
Hi,
Please don't forget Iskandar is developed something like Shen Chen to HK. - The only problem is not the same country developing it. So "Sing" may one day wake up to find having a "strange Bedfellow". AND GOT KICK OUT! OUCH!
"TONG CHUAN BU TONG MONG".
Ha ha. Make sense! Just like CLOB case..
However after making our wealth in Singapore (at of course we have also contributed to Singapore through all the pays and pays), like all other foreigners who make their fortune here and want to find a place to retire... (Singapore doesn't seem to me a good place to retire at all) I don't mind become any country PRs.. However looking around, can't find any other countries as well as welcoming as our beloved Singapore.
(03-06-2013, 11:59 AM)Temperament Wrote: [ -> ]Hi,
Please don't forget Iskandar is developed something like Shen Chen to HK. - The only problem is not the same country developing it. So "Sing" may one day wake up to find having a "strange Bedfellow". AND GOT KICK OUT! OUCH!
"TONG CHUAN BU TONG MONG".