The tax is now 60 per cent for foreign buyers, while citizens and permanent residents will see small increases when buying second and subsequent properties.
UPDATE 1-Shares of Singapore property firms slip on surprise tax hike
Shares of Singapore property companies fell on Thursday after the government raised taxes on private property purchases, including doubling stamp duty for foreigners.
Cooling ‘pre-emptive measure’ to dampen local & foreign property investment demand: Desmond Lee
Raise ABSD rate from 17 per cent to 20 per cent for Singapore citizens purchasing their second residential property Raise ABSD rate from 25 per cent to 30 per cent for Singapore citizens purchasing ...
Latest round of property cooling measures hits S’pore stock market
While property stocks were in the first line of fire, banks were also sold down. Read more at straitstimes.com.
Singapore Lender UOB’s Q1 Core Net Profit Leaps 74% to Record $1.2 Billion
Singapore's United Overseas Bank reported on Thursday a 74% surge in core net profit in the first quarter from a year earlier on the back of strong net interest and non-interest income growth. The ...
Stock Market Live: Sensex, Nifty 50 likely to open with cuts
Indian equity benchmarks BSE Sensex and NSE Nifty 50 are expected to open lower tracking global cues. Singapore Exchange Nifty futures, an early indicator of the Nifty index, was trading 46 points or ...
Singapore lender UOB’s Q1 core profit leaps 74% to record $1.2 bln
Singapore's United Overseas Bank reported on Thursday a 74% surge in core profit in the first quarter from a year earlier on the back of strong net interest and non-interest income growth.
Investing in Singapore Exchange (SGX:S68) five years ago would have delivered you a 48% gain
For example, the Singapore Exchange Limited (SGX:S68) share price is up 24% in the last 5 years, clearly besting the market decline of around 28% (ignoring dividends). However, more recent returns ...
Jack Ma, Singapore Invest in MassMutual Asia
Alibaba Founder's financial services business Yunfeng Financial, Singapore's sovereign wealth ... by Ma and in which Yunfeng is also an investor, will own the remaining 40%.
Stay defensive on Singapore stocks as outlook dims, says RHB
RHB Bank Singapore is recommending investors to “stay defensive” on Singapore equities, given the struggle to find a clear direction amidst broader macro uncertainties.
Singapore emerges top capital source from Asia-Pacific to the US, driven by M&A deals by GIC: Knight Frank
US$12.5 billion was invested in the US and Canada, which accounted for 90% of the total Asia-Pacific capital inflow. Read more at straitstimes.com.
Singapore Shares May See Further Damage On Wednesday
The Singapore stock market on Tuesday ended the modest two-day winning streak in which it had risen more than 10 points or 0.3 ...
S’pore SMEs lead S-E Asia in tech spending; Asean to invest $173.6 billion in the next three years
Smaller firms in Singapore, Indonesia, Malaysia, Thailand and Vietnam are set to spend $173.6 billion on technology – a 70 per cent increase over the next three years, noted a new report. Read more at ...
Singapore stocks struggle for direction amid uncertain outlook
Mixed messages from the United States overnight gave traders here little to go on yesterday and left the local market on an even keel. Read more at straitstimes.com.
UOB to invest S$500 million to build global technology and innovation centre
UOB is to invest S$500 million to build a new global technology and innovation centre in Singapore's Punggol Digital District (PDD) ...
Alipay continues regional expansion strategy as speculation of IPO plans begin to resurface
Ant Group is continuing to grow its Alipay+ digital payment service across Asia, with a significant new deal integrating it into Singapore’s unified QR system, as speculation about its much-lauded IPO ...