A drop in household income and prolonged unemployment or illness are among the common reasons why Singapore households fall into mortgage arrears, revealed the Ministry of National Development. Notably, out of the 405,000 households with outstanding ... ( read original story ...)
Singapore Budget 2018: Singapore property stocks fall on higher stamp duty for home buyers
SINGAPORE (BLOOMBERG) - Singapore property stocks declined on Tuesday (Feb 20) after the Government raised taxes on home purchases of more than S$1 million, just as the housing market started to recover from a four-year slump. UOL Group and City ... ( read original story ...)
Singapore Budget 2018: Impact of buyer’s stamp duty
The S$1.99 million increase translates to nearly 1 per cent of the property price. Under a drive to make Singapore's tax system more progressive, Finance Minister Heng Swee Keat annnounced on Monday that the top marginal BSD rate would be raised from 3 per ... ( read original story ...)
Singapore Budget 2018: GST to apply to digital services from 2020
In other words, offerings from companies not based in Singapore currently, which are not affected by the tax now. The change also means that GST could be applied to a wide variety of software and services, such as mobile app downloads from Google Play ... ( read original story ...)
RPT-Higher home buyer tax seen cooling Singapore’s collective sales frenzy
SINGAPORE, Feb 19 (Reuters) - Singapore’s move on Monday to raise stamp duty on expensive home purchases is likely to dampen the recent wave of redevelopment sales in the city-state’s recovering property market, analysts said. From Tuesday, the wealthy ... ( read original story ...)
Singapore to introduce GST on imported digital services
Singapore online shoppers currently were not taxed for purchases valued at below S$400. The new GST would be applied to business-to-business (B2B) and business-to-consumer services, such as marketing, accounting, and IT services as well as apps ... ( read original story ...)
Singapore’s brick artist
Jeffrey Kong is an established brick artist in Singapore. He believes that it can be used to build all kinds of objects and express all areas of life - or even death. ( read original story ...)
DBS sponsors wealth management track at Singapore’s Nanyang Technological University
To groom job-ready wealth management talent and cater to growing industry demand for such expertise in Singapore, DBS Bank and Nanyang Technological University, Singapore (NTU Singapore) today announced a partnership to build a sustainable talent pool of ... ( read original story ...)
Developers turning more cautious when replenishing landbanks, says DBS
SINGAPORE (Feb 19): DBS says developers are turning more choosy in adding to their Singapore landbank. They are also becoming more cautious in their pricing strategy after more land sites were awarded at reserve price levels rather than at a premium. ( read original story ...)
DBS partners NTU to groom job-ready wealth management talent
DBS Bank and Nanyang Technological University, Singapore (NTU Singapore) today announced a partnership to groom job-ready wealth management talent and cater to growing industry demand for such expertise locally. According to a media statement, the bank ... ( read original story ...)
DBS sets up retail F&B coverage team for SMEs
To cater to the financial needs of Singapore-based retail food and beverage and food manufacturing companies expanding overseas, DBS Bank has established a dedicated F&B coverage team to better serve these customers. In the last 18 months, the bank has ... ( read original story ...)
DBS, NTU partner to train next generation of Singapore wealth managers
SINGAPORE - DBS Bank and Nanyang Technological University (NTU) will join forces to train the next generation of wealth management talent to meet the industry's growing need for such expertise in Singapore. In a media statement, DBS said it will launch a ... ( read original story ...)
DBS : teams up with NTU Singapore university to build talent
DBS Bank has partnered with Nanyang Technological University, Singapore (NTU Singapore) to groom next generation of wealth management talent in the country. DBS Bank said it will launch a new Applied Wealth Management track for undergraduates under the ... ( read original story ...)
Higher home buyer tax seen cooling Singapore’s collective sales frenzy
SINGAPORE, Feb 19 (Reuters) - Singapore’s move on Monday to raise stamp duty on expensive home purchases is likely to dampen the recent wave of redevelopment sales in the city-state’s recovering property market, analysts said. From Tuesday, the wealthy ... ( read original story ...)
Singapore is hiking its sales tax, but not until 2021 or later
SINGAPORE (Reuters) - Singapore said its sales tax will rise to 9 percent from 7 percent, but the change will only come “sometime” between 2021 and 2025, making it likely that the increase would kick in after the city-state’s next general election. ( read original story ...)
SINGAPORE BUDGET: UPDATE: Fin Min Flags Tax Increases To Meet Health, Infrastructure Needs
SINGAPORE (Feb 19) -- Singapore raised the stamp duty on residential ... and extending the GST to imported digital services such as movie and music streaming services and mobile apps come 2020. The carbon tax, which applies to all facilities producing ... ( read original story ...)