Will the property tax affect Singapore’s competition with Hong Kong?

But now Singapore wants to take a different path. It won’t be a sharp left turn, but some capital tax could be on its way – perhaps as early as next year’s budget. “You tax consumption, you tax income, you tax savings. And you should tax wealth, whether property in the form of property, ideally wealth in other forms,” Singapore Prime Minister Lee Hsien Loong said in a recent interview with Editor-in-Chief John. Micklethwait of Bloomberg, also added that effectively taxing other forms of wealth is “not easy to do.”