First Singaporean bank to debut in Việt Nam

HÀ NỘI – Singapore-based United Overseas Bank (UOB) will open its first branch in Việt Nam on July 2. It is the ninth wholly foreign-owned bank and first Singaporean bank in the country. UOB Vietnam has a charter capital of VNĐ3 trillion (US$131.3 ... ( read original story ...)

Singapore’s old shophouses a promising haven for investment

Amazon.com, for example, brought its Prime delivery service to Singapore last year ... Houses are undoubtedly safer bets. Residential property prices are on the mend after a government-engineered cooling. That, and an expensive Hong Kong home market ... ( read original story ...)

Property: 3 (legal) ways to avoid paying ABSD

In Singapore, all property purchases are charged Buyer’s Stamp Duty (BSD), calculated at 1% on the first $180,000, 2% on the second $180,000, and 3% on the rest of the property’s cost. But in December 2011, the Government implemented the ... ( read original story ...)

Property investment sales to hit $46 billion in 2018

Real estate investment sales in Singapore is expected to grow 15 percent year-on-year to $46 billion in 2018, and climb a further 5.0 to 10 percent in 2019, according to a Colliers International report. In the first quarter of 2018, total property ... ( read original story ...)

Property types in Singapore for Dummies (Infographics)

The jigsaw puzzle that is the Singaporean real estate market can be divided up, labeled, categorized, and sliced into various forms and types of housing types – or, dwellings. To make sense of it all we have created a kind of comprehensive – overview ... ( read original story ...)

Singapore Central Bank Sees Steady Growth Amid Increasing Risks

Singapore’s central bank sees “steady growth amid rising uncertainty,” holding onto projections for robust domestic and global demand in 2018 and betting that trade tensions won’t spoil the party. The global economy will expand 4.5 percent this ... ( read original story ...)

9 things to consider when buying your second property

Before you take the big step of buying a second property however, make sure you’re ready: For Singapore citizens, the Additional Buyers Stamp Duty (ABSD) applies when purchasing any property beyond your first. This is currently seven per cent of the ... ( read original story ...)