Singapore’s City Developments focuses on fund management

City Developments, under former CEO Grant Kelley, entered into fund management through three property investment programs, called "Profit Participation Schemes," totaling 3.5 billion Singapore dollars ($2.6 billion). Now Kwek will take the big leap forward. ( read original story ...)

Singapore’s UOL eager to bulk up overseas property portfolio

SINGAPORE -- Local real estate developer UOL Group is keen to buy more properties overseas, especially in London, as part of an effort to slowly diversify its portfolio. "We are Singapore-centric, but moving forward, we want to move a little bit of our ... ( read original story ...)

Singapore January bank lending falls 0.2 pct m/m

SINGAPORE, Feb 28 (Reuters) - Singapore’s total bank lending in January fell 0.2 percent from December, on the back of lower loans to businesses, central bank data showed on Wednesday. Loans and advances by domestic banking units in the city-state ... ( read original story ...)

Property: Refinancing your mortgage loan

The biggest reason for refinancing your home mortgage loan would be because the market rates have been, and will, increasing. The US Federal Reserve is set to continue hiking its rates for the foreseeable future, and the Singapore Interbank Offered Rate ... ( read original story ...)

Singapore’s Central Bank Gets Tightening Trigger From Budget

Arcelor, VTB Hit Snag in Pursuit of $6 Billion Indian Steelmaker 2019 Versus 1996: Lessons For Rahul Gandhi From Sitaram Kesri’s Congress Religare Asks Regulator To Declassify Singh Brothers As Promoters PNB-Nirav Modi Fraud: Understanding The ... ( read original story ...)

Singapore Property Stocks Fall on Higher Tax for Home Purchases

Singapore’s property stocks fell, leading declines on the benchmark Straits Times Index as the government raised taxes on home purchases that are worth more than S$1 million ($761,600) after housing prices rebounded from a four-year slump. UOL Group Ltd ... ( read original story ...)

Singapore won’t cane suspected bank robber sought from UK

Singapore has agreed not to cane a man accused of carrying out a rare bank robbery in the city-state if Britain extradites him to face charges, officials said Tuesday. David Roach, a Canadian citizen, is wanted in Singapore for allegedly stealing Sg$30,000 ... ( read original story ...)

32,000 households are in mortgage of 3 months or more

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: 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 ...)