tankgunner
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- Jul 17, 2015
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he sure chap one leg one.im waiting for LT to do a song and dance video on this, still waiting.....
he sure chap one leg one.im waiting for LT to do a song and dance video on this, still waiting.....
Sigh.... I suppose this is how the current generation works... feed me all the information to convince me I'm wrong.
Sigh.... I suppose this is how the current generation works... feed me all the information to convince me I'm wrong.
The 4 methods of valuation is not rocket science but neither is it an exact science, already supplied you with the keywords to google... Or don't and stay ignorant of how the real world works... just know that whichever choice you pick, the world doesn't wait and will not change for you.
for bbfa their (parents) hdb is everything hokay, they spended their lives in thereAnd finally, be careful what you ask for..... chances are the iras AV of your HDB is a lot lower than what you THINK it's worth...
It's not pap who is wasting time - don't mix up our poor civil service who has to rush about whenever a cock politician wanna talk without making an arse outta him/herself with... well... the cock politician.actually, i not keen. i just wan to see the PAP waste more time on this LOL.
To give credence to ownership.then why we pay property tax
my tenant also no pay property tax.
outlier ?Those amk ave 3 sers are 43yr, lease left 56yr , and mainly 3 and 4 room, only a few 5 room units
I checked the recent 4rm transacted price at amk ave3 was only $450k
So 450k / 56yr = $8k/yr
I believe this is close to the annual value of amk ave 3 4rm flat, maybe about 8 to 9k/yr
Base on annual value 9k, valuation is
500k
The reason why transacted price for ave3 4rm is lower only 450k could be no demand, buyers maybe attracted to newer units nearer to mrt more
The proper way of calculation of the remaining lease should be to use the PROPERTY ANNUAL VALUE X by the remaining years.
THE AMK residents should fight back using this argument.
If AMK Area Annual Value is $15000, then 50 years compensation should be $750000.
The ******* IRAS is inflating the Area Prices, and asking residents to pay for inflated property taxes. (Next year you are going to pay 12% of annual value).
Yet HDB is scamming the residents about remaining lease.
They are contradicting each other
So for example, using ur value for compensation of $750,000 for 50years, HDB should sell the replacement flat to these folks at the same formula, which would have the selling price pegged at $1,485,000..This is a formula that is transparent. Everyone pays property TAX.
This will keep a check on the GOV on anyhow increasing Property Annual Value.
Everyone knows their HDB value and no need to come out with new rules.
If HDB is unhappy, can tell us what is their formula.
If AV really lower, then those grants that they give base on AV will be covering more people. As well as the property affiliated taxes will be reduced.And finally, be careful what you ask for..... chances are the iras AV of your HDB is a lot lower than what you THINK it's worth...
No need to calculate until so troublesome. As long as you are forcing me out of my comfort habitat, either you compensate me handsomely or give me a deal that I cannot reject. Else dun blame me for KPKB.
So for example, using ur value for compensation of $750,000 for 50years, HDB should sell the replacement flat to these folks at the same formula, which would have the selling price pegged at $1,485,000..
Before you think about blasting this, you should be using apple to apple comparison of computing value of property instead of using one type for formula for A, and using another type of formula and data for B..
We can also dispute the annual value of our units - which I did before cos my unit isn't on the same high floor etc, facing not as good, so can't achieve that type of rentalIt's a tiered system.... You can go google it.
As for what you want on transparent formula.... It's not as opaque as you think but it's also not as transparent as you wish. Bulk of the latter stems from valuation methods...
IRAS actually do get some court cases to argue about the valuation of properties... But mostly from commercial entities...
Mostly and those that go court cases lah...We can also dispute the annual value of our units - which I did before cos my unit isn't on the same high floor etc, facing not as good, so can't achieve that type of rental
They did reduce my annual value after that
Huh? What talking you?If AV really lower, then those grants that they give base on AV will be covering more people. As well as the property affiliated taxes will be reduced.
So by all means make it realistically lower.
For individuals, it's quite simpleMostly and those that go court cases lah...
For most small cases, get your own valuation, submit the dispute/appeal and if got grounds, they probably try to accommodate or meet in middle ground
Well... I would say they are being nice but ppl will object and say is gov overcharge all the time anyway...For individuals, it's quite simple
Just write in and give your reasons, don't even need to give any valuation in my case
Exactly, you don't understand how it works and what it covers.Huh? What talking you?
Sigh.... your statement is the one that doesn't make sense.... but whatever bah... not gonna waste too much time to explain or defend...Exactly, you don't understand how it works and what it covers.
Did u even google for what annual value is? How is govt using annual value to determine the price of ur property? Govt is taxing u based on ur potential income that you can gain from renting out the property, and you are renting the property from HDB at a heavily discounted price due to long tenure..I believe PAP is doing that. not Me.
I only have one information which I know. IRAS Property Tax.
In fact, the whole Singaporean HDB buyers know their property Tax.
Sounds like you have a "apple" formula to share.
Can tell us what is your formula?
The AV of buildings is the estimated gross annual rent of the property if it were to be rented out, excluding furniture, furnishings and maintenance fees. It is determined based on estimated market rentals of similar or comparable properties and not on the actual rental income received.