SINGAPORE/BERLIN (Reuters ... Vu's lawyer in Germany said that he was a senior officer in Vietnam's secret police as well as a property developer. His case adds a new international dimension to a Vietnamese corruption crackdown that has brought the ... ( read original story ...)
Big property deals surge to 10-year high in 2017
Sales of big-ticket property transactions of S$10 million and above in 2017 surged to their highest level in a decade. This, however, was short of the record achieved in 2007. According to Savills Singapore's preliminary tally as at Dec 27, investment ... ( read original story ...)
5 property trends we’ll probably see in 2018
Whenever these hikes occur, the local Singapore Interbank Offered Rate (SIBOR ... for the psychological reassurance). Property home sales were up 29 per cent year-on-year, as of September 2017. The volume of property transactions has continued on a ... ( read original story ...)
Property: Will the depreciation of HDB flats affect your retirement assets?
For the first time, Singapore Land Authority officers had to explain the lease expiry process, which means that owners have to vacate their property - in this case, by Dec 31, 2020 - with no compensation. While some owners had asked about the possibility ... ( read original story ...)
Singapore Home Prices Rise for Quarter Adding to Rebound Signs
Singapore home prices rose for a second straight quarter, reinforcing signs the city-state’s property market is emerging from a four-year slump. An index tracking private residential prices rose 0.7 percent in the three months ended Dec. 31, building on ... ( read original story ...)
Singapore holds fugitive Vietnam intelligence agent: lawyers
A fugitive Vietnamese intelligence officer wanted in his homeland for allegedly disclosing state secrets has been arrested in Singapore, his lawyers said on Tuesday. Phan Van Anh Vu, who is also a property developer, was detained on Thursday at a border ... ( read original story ...)
Singapore private home prices post first annual rise in 4 years
Singapore's private home prices had recorded their first quarterly rise in four years in the third quarter. - Private residential property prices declined for 15 straight quarters from the fourth quarter of 2013 to the second quarter of 2017, the longest ... ( read original story ...)
SIBOR up 25%, but property mkt is hot?
The three-month Singapore Interbank Offered Rate (Sibor) – the benchmark rate for most residential property loans here – has risen from 0.969 per cent on Jan 3, to 1.212 per cent as of the middle of this month. It is expected to go up further ... ( read original story ...)
When Couples Divorce in Singapore, Who Gets to Keep the Dog?
In Singapore, it appears that pets are currently regarded as personal property, with some focus placed on their well-being. This is reflected in the 2011 case of Tan Huey Kuan (alias Chen Huijuan) v Tan Kok Chye, which involved a dispute over the ... ( read original story ...)
Singapore bank lending up 0.6% in November: MAS
SINGAPORE - Bank lending in Singapore rose 0.6 per cent in November from the previous month, preliminary data from the Monetary Authority of Singapore on Friday (Dec 29) showed. This was weaker when compared with the 1.4 per cent monthy-on-month gain in ... ( read original story ...)
Singapore Central Bank Urges ‘Extreme Caution’ on Bitcoin Investment
The Monetary Authority of Singapore (MAS), the country’s de facto central bank, has become the latest financial watchdog to issue a warning on the risks of investing in cryptocurrencies. Citing the recent “speculative” escalation in prices across ... ( read original story ...)
Keep an eye on mortgage rates
DBS Bank, OCBC Bank and United Overseas Bank (UOB ... In October, less than two months ago, the rate was 1.68 per cent. The three-month Singapore interbank offered rate (Sibor), the benchmark interest rate to which home loans are pegged, has climbed ... ( read original story ...)
Singapore central bank warns against investing in cryptocurrencies
SINGAPORE (Reuters) - Singapore’s central bank issued a warning against investment in cryptocurrencies on Tuesday, saying it considers their recent price surge to be driven by speculation and that there is a risk investors could lose all their capital. ( read original story ...)
Singapore issues more financial bans related to 1MDB scandal
SINGAPORE (Reuters) - Singapore’s central bank on Tuesday said it had permanently barred Yeo Jiawei, a former wealth manager of Swiss bank BSI involved in breaches related to Malaysia’s 1MDB fund, from managing financial services firms and advisory ... ( read original story ...)
5 More Hidden Property Jewels
Singapore’s property market is on the verge of an uptrend, according to Morgan Stanley. Analysts at Morgan Stanley expects Singapore’s property prices to climb by as much as eight percent in 2018. Along with other research houses, Morgan Stanley ... ( read original story ...)
Singapore unveils fresh step to curb unsecured borrowing by individuals
SINGAPORE, Dec 15 (Reuters) - Singapore’s central bank announced a new measure on Friday aimed at preventing individuals from accumulating excessive unsecured debts. The step will cap the additional unsecured credit that a financial institution can ... ( read original story ...)