I know this will be another unpopular thread. But it is best to bear this risk in mind.
Goverment needs to collect tax (and gain voters).
GST is one of the ways. UK has just increased VAT (the equivelent of GST) to 20%. But HK, a closer city Singapore Goverment is trying to compare, is still 0%.
A low GST is good to win the 70% voters.
So let's turn to the other sources of tax. Property Capital gain tax is another one. If the property price continues to raise, the goverment can introduce (or indeed re-introduce) property gain tax. Of course, that will hit most voters in this forum. So the timing is important.
I was totally shocked about 10 years ago when HDB introduced selling leivy immediately after Election. If the private property price continue to raise, similar thing could happen - immediately AFTER Election.
We need to bear that risk in mind.
Thanks,
Richard
PS. I hope the govement officers are not reading this thread. Otherwise they will raise both GST and Capital Gain tax.