No matter how much the tax, it is immaterial to the super rich.
It is also important to note where the super rich are buying. Yes, Singapore’s property market must be considered as a whole but, these HNW buyers wun be directly impacting the OCR or RCR by buying there.
Another point to note is that if you really study the trend, these purchases are usually losses if the properties are sold in short period of time and may take decades to achieve break even.
Yes, more people are buying into Singapore luxury market but no, that is not an indication that our properties are piece of gems.
Make informed decisions not based on hearsays or magnified optimism.