Rise in Singapore property tax will help reduce property overhang in Johor, says state housing committee chairman

KULAI, May 6 — Singapore’s move to raise property taxes for non-residents in the republic will help reduce the number of unsold properties in Johor, Johor Housing and Local...

KULAI, May 6 — Singapore’s move to raise property taxes for non-residents in the republic will help reduce the number of unsold properties in Johor, Johor Housing and Local Government Committee chairman Datuk Mohd Jafni Md Shukor said.

“When the Singapore government raises taxes from 30 per cent to 60 per cent for non-residents there, of course potential buyers will switch to Johor,” he commented to reporters on Singapore’s recent property tax hike when met at the Aidilfitri Open House here today.

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