China cut the benchmark reference rate for mortgages at a monthly fixing on Tuesday by more than expected, as authorities ramped up efforts to stimulate credit demand and revive the property ... ( read original story ...)
China seen cutting mortgage reference rate for first time since June
China is widely expected to trim its benchmark mortgage reference rate at a monthly fixing on Tuesday, as banks’ improving net interest margins give authorities some leeway to use monetary stimulus to ... ( read original story ...)
Here’s The Salary You Need To Earn To Afford These Homes In Singapore [2024 Edition]
You are subjected to the MSR (30%) when buying HDB flat and first-hand EC, while the TDSR (55%) is applied for financing private properties. ( read original story ...)
China central bank leaves key policy rate unchanged under shadow of Federal Reserve
China's central bank left a key policy rate unchanged as expected on Sunday when rolling over maturing medium-term loans, with uncertainties around the timing of an easing by the Federal Reserve ... ( read original story ...)
How this pangolin sperm bank in S’pore is giving the world’s most trafficked mammal a lifeline
With World Pangolin Day on Feb 17, The Straits Times takes stock of national efforts to save the animal. Read more at straitstimes.com. ( read original story ...)
Budget 2024: 6 key takeaways, from CPF changes to more CDC vouchers and less property tax
SINGAPORE: Deputy Prime Minister Lawrence Wong on Friday (Feb 16) announced several financial measures to help both Singaporeans and businesses in his Budget speech. These included more payouts to ... ( read original story ...)
Budget 2024: Some homeowners to pay lower property tax with raising of annual value bands from 2025
The lowest threshold will be raised from $8,000 to $12,000 and the highest band from over $100,000 to over $140,000 from 2025. Read more at straitstimes.com. ( read original story ...)
Budget 2024: Property tax to go down for some home owners with raising of annual value bands
SINGAPORE — Some home owners will pay less property tax when the annual value (AV) bands for owner-occupied properties are raised next year. ( read original story ...)
Singapore to Raise Bar for Property Taxes Amid Affordability Hit
Singapore will raise the threshold for property tax payments and lower a penalty imposed on developers that don’t sell projects in time, underscoring concerns about the slowing real estate market and ... ( read original story ...)
Budget 2024: Property taxes to go down for some home owners with raising of annual value bands
The government will monitor the market and give another property tax rebate next year if necessary, says Deputy Prime Minister Lawrence Wong. ( read original story ...)
Singapore new private home sales more than double in January after resumption of launches
SINGAPORE: New private home sales in Singapore more than doubled in January from a month earlier after the resumption of property launches. Excluding executive condominiums (ECs), developers sold 281 ... ( read original story ...)
Singapore property investment sales could rise by 15% in 2024
Recovery is expected to kick in in the second half of the year. According to CBRE, 2023 witnessed a stalemate between buyers and sellers arising from mismatched price expectations. This led to real ... ( read original story ...)
Real estate agent lied to elderly client to set up joint bank account, withdrew $20k of her money
SINGAPORE - A former real estate agent ... In November that year, Tan and the woman set up a joint bank account to deposit the proceeds. Deputy Public Prosecutors Rimplejit Kaur and Mark Chia stated ... ( read original story ...)
Singapore home sales off to the slowest start since 2009
Singapore home sales posted the weakest January sales since 2009, adding to signs that the property boom is fading. ( read original story ...)
A year’s jail for woman who cheated three victims of nearly $85,000 in false property investments
Kamsaton Rohani had cheated her client of more than $26,000 in 2018 and served 11 months' jail in 2020 Read more at straitstimes.com. ( read original story ...)
PropertyGuru calls for reduction of 15-month wait period, tweak ABSD, Property tax revenue to increase $600 million in 2024 and more
In its budget wish list 2024, PropertyGuru has urged the government to reduce the 15-month wait for private property downgraders and withhold the Additional Buyer’s Stamp Duty (ABSD) for Singaporean ... ( read original story ...)