Guide To Understanding Taxes In Singapore, And Who Pays For Them

In Singapore, all properties, be it residential, industrial or commercial, are subject to property tax. For residential property, the tax rate differs, depending on whether it’s an owner-occupied or non-owner-occupied property. With Singapore being a ... ( read original story ...)

Singapore estate buy for RM1.59bm boon for Malaysia’s Sunway

Sunway unit Sunway Developments Pte Ltd plans to jointly acquire a private residential property – Brookvale Park in Singapore – with Hoi Hup Realty Pte Ltd. Both entities have entered into a collective sale and purchase agreement (SPA) with the ... ( read original story ...)

Consumer Taxes in Singapore: Trends Analyzed

Besides the trend we observed in income and property taxes, it seems that an increase in GST is imminent in Singapore. Given what we’ve observed from analysis above, this could be a departure from the past where the increase in tax was mostly impacted ... ( read original story ...)

Singapore bought overseas property worth $20.62b in 2017

It ranked as the second most active buyer and overtook Hong Kong. Capital outflows from Singapore have grown consistently in recent years, from just $11.11b (US$8.4b) in 2014 to $20.62b (US$15.6b) in 2017, JLL revealed. According to its global capital ... ( read original story ...)

Singapore takes 9th spot in global intellectual property index

SINGAPORE: Singapore came in at 9th place on global intellectual property (IP) index. Scoring 84%, the city-state is ahead of Switzerland, Australia and New Zealand, and only came second to Japan in Asia-Pacific region. The global IP index Create analyses ... ( read original story ...)

Surprising Things About Singapore Property Auctions

This article first appeared on Frugal In Singapore. When most people hear the word “auction”, they think “distressed sale”. In many other parts of the world, this is mostly true. Although I own a few things from distressed sales and have bid in ... ( read original story ...)

Commerzbank runs into compliance trouble in Singapore

Singaporean authorities are close on Commerzbank’s heels. Source: AP Commerzbank has run into compliance trouble in Singapore, where officials have warned Germany’s second-largest bank that it didn’t check customers carefully enough under “Know ... ( read original story ...)

Singapore says no strong case to ban cryptocurrency trading

SINGAPORE (Reuters) - Singapore’s central bank has been studying the potential risks posed by cryptocurrencies, but there is as yet no strong case to ban trading of the digital coins in the city-state, Deputy Prime Minister Tharman Shanmugaratnam said. ( read original story ...)