[YummyKing]

I read until blur.

Singapore got HDB value at lesser than $30k, meh?

This will impact top 7% or in fact, impact 93% of owner residential properties? 

Valuation of your property for taxation is different from market value of your property. Example my home if I want to sell is worth $1.3 million, but IRS value it as $36,000 for owner occupied property, so I paid property tax based on this $36,000 value. You never paid poroperty tax meh?