GST Increase

Starting from 1st of July, Singapore people have to pay their GST (Goods and Services Tax) a little bit higher than before. This is because of the decision made by the Singapore government to increase their GST from 5% to 7%. So, likely the goods and services price in Singapore will increase a little bit.

But not only the GST will increase, private properties price and CPF (Central Provident Fund) by employer will also increase. Private properties price expected will increase around SGD 5k to SGD 20k. I cannot believe how the Singaporian people still can afford to buy a private properties in Singapore. Even their flat house is about the same price with Bungalow unit in Malaysia. No wonder people around the world said that Singapore has a lot of millionaire. Apart from GST increment, CPF contribution from employer will also increase 1.5%. My company pay 13% employer CPF so its mean it will increase to 14.5%. ermm...that's good...

People are shopping n shopping now before the GST rate increase this July. I also plan to buy one thing. hehe... I plan to buy this Dopod C500 smartphone.



Ok or not ? heheh

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