Instead of raising GST, foreigners should pay up their fair share of property taxes locally.
Singaporeans who serve NS defend the land and thus should be the ONLY ones enjoying discounted rate residential property taxes (for their living premises only). Foreigners who DO NOT serve NS should have to pay non-discounted, aka current 'Non-Owner-Occupied Residential Properties' rate taxes.
Better still, all residential properties should be made to pay similar tax rates across the board with Singaporeans and PR (especially those who have served NS) receiving property tax vouchers for the offset of a certain median amount payable in property tax (as recognition for defending the land and also ease of calculation of property tax):
Singaporeans who serve NS defend the land and thus should be the ONLY ones enjoying discounted rate residential property taxes (for their living premises only). Foreigners who DO NOT serve NS should have to pay non-discounted, aka current 'Non-Owner-Occupied Residential Properties' rate taxes.
Better still, all residential properties should be made to pay similar tax rates across the board with Singaporeans and PR (especially those who have served NS) receiving property tax vouchers for the offset of a certain median amount payable in property tax (as recognition for defending the land and also ease of calculation of property tax):