Fine for doc who drove car after drinking, tried to swop seats when he saw roadblock thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
A month ago, I saw a notice advertising the sale of a freehold residential conservation shophouse at Niven Road. As I mentioned in my Blair Road walkabout, I've always loved heritage homes, so I thought I'd check out the area and see if it was worth a feature. (If it was just shophouses, it may be too similar to Blair.
Although it should be noted that commercial property is subject to seven per cent GST.
2. DC rates tend to move in tandem with rising property prices
To give you a sense of this, let’s consider the price movement of properties from around June 2017, to the last round of cooling measures in July 2018:
On average, prices had risen from $1,295 to $1,500 psf within this period.
Within the same period, DC rates spiked to record levels. In September 2017, for example, DC rates rose 13.8 per cent for residential properties on average, with hikes in 116 out of 118 sectors. In some sectors, the rate rose by 29 per cent. At the time, it was the biggest rate hike we’d seen in around 10 years.