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Category: PROPERTY

Posted on 10/05/2023

No alarming rise in property-related foreclosures in Singapore; bankruptcy applications ticking up

Bankruptcy applications rose to 959 in the first quarter, higher than the 912 claims made on average in each quarter of 2022. Read more at straitstimes.com. ( read original story ...)

Posted on 08/05/2023

In Singapore, priced-out young singles rail at the PAP over property policies: ‘they’re so unaware’

Some 2 in 3 Singaporeans in their 20s report having to contend with the city state’s red-hot rental market due to insufficient savings. Most are ineligible for public flats until they hit 35 – unless ... ( read original story ...)

Posted on 08/05/2023

Singapore’s priced-out young singles rail at the PAP over property policies: ‘they’re so unaware’

Some 2 in 3 Singaporeans in their 20s report having to contend with the city state’s red-hot rental market due to insufficient savings. Most are ineligible for public flats until they hit 35 – unless ... ( read original story ...)

Posted on 07/05/2023

Heart of the Matter: Why ultra-rich foreigners will still buy property in Singapore

Foreigners buying residential property in Singapore will now pay 60 per cent additional buyer’s stamp duty, up from 30 per cent. While this is the steepest increase in the latest round of property ... ( read original story ...)

Posted on 06/05/2023

Rise in Singapore property tax will help reduce property overhang in Johor

Singapore’s move to raise property taxes for non-residents in the republic will help reduce the number of unsold properties in Johor, Johor Housing and Local Government Committee chairman Datuk Mohd ... ( read original story ...)

Posted on 06/05/2023

Rise in Singapore property tax will help reduce property overhang in Johor, says state housing committee chairman

Singapore’s move to raise property taxes for non-residents in the republic will help reduce the number of unsold properties in Johor, Johor Housing and ... ( read original story ...)

Posted on 03/05/2023

Singapore’s Vantage Point is highest bidder for bankrupt SKS Power

The company was sent to bankruptcy court after it defaulted on loans worth Rs 1890 crore to State Bank of India and Bank of Baroda. Hong Kong-based Agritrade Resources bought the plant from Indian ... ( read original story ...)

Posted on 01/05/2023

Singapore: Sustainable Property Market Measures Published by MAS

The Government of Singapore announced increases in the Additional Buyer’s Stamp Duty rates in order to support a sustainable property market. ( read original story ...)

Posted on 29/04/2023

Elderly man in US scammed of RM23.64mil when he tried to claim ‘inheritance’ in Singapore

An elderly man in the United States sent about US$5.3mil (RM23.64mil or S$7mil) to multiple accounts over more than a year after he was told he could claim an inheritance of property in Singapore. ( read original story ...)

Posted on 29/04/2023

US man scammed of $7m when he tried to claim ‘inheritance’ in Singapore

An elderly man sent about US$5.3 million (S$7 million) to multiple accounts over more than a year, after he was told he could claim a purported inheritance of property in Singapore.The scammers then ... ( read original story ...)

Posted on 28/04/2023

More foreigners may rent instead of buy property in Singapore after doubling of additional buyer’s stamp duty

Some foreign high-net-worth individuals may rent first, apply for permanent residency, then buy a property to get lower additional buyer’s stamp duty rates, say observers. ( read original story ...)

Posted on 28/04/2023

Analysts: Singapore’s property cooling measures likely to push up rents, but have little impact on mass market condo prices

With the latest cooling measures doubling the Additional Buyer’s Stamp Duty (ABSD) for foreigners, and Singaporeans and permanent residents paying ... ( read original story ...)

Posted on 28/04/2023

Singapore and Hong Kong in ‘completely different’ stages of the property cycle: Real estate company

Henry Chin of CBRE says Singapore residential and commercial real estate rents have risen substantially, but things are "bottoming out" for Hong Kong. ( read original story ...)

Posted on 28/04/2023

New 2023 property cooling measures: Will 60% foreigner ABSD really affect Singapore’s property market?

A new set of cooling measures is upon us, and as has been typical for the past few – it was announced at a time close to midnight so that no one has any time to react.So the big news. ABSD rates have ... ( read original story ...)

Posted on 28/04/2023

Singapore private residential prices rise 3.3% in 1Q, signals strong demand

Singapore's private property prices rose in the first quarter, official data showed on Friday, slightly higher than the flash estimate, reinforcing a months-long robust demand that has forced ... ( read original story ...)

Posted on 28/04/2023

Singapore Private Residential Prices Rise 3.3% in Q1, Signals Strong Demand

Singapore's private residential property price index rose 3.3%% in the first quarter, compared with 3.2% in the flash estimates, and much higher than the 0.4% increase in the previous quarter. Rentals of private residential properties increased by 7. ( read original story ...)

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