different story for home buyers and investors, page-20

I simply cannot fully agree with you.

One still need to pay income tax for the term deposit interest on top of the salary income and other investment income. Therefore, unless the person has considerable amount of capital loss (possibly from the share market) to offset the income, highest margin tax rate applies to that 7% interest gained from the term deposit.

However, on the other hand, if one invests in properties and holds till retirement age, the tax benefits can be maximized. Well, for sure capital gain tax would be the major issue, so that's why better to hold till retirement age when one's annual income from other sources reduced to the minimal. Of course one can consider to sell the investment property at any occasion when annual income of that year is not significant.