Tag: mortgage

For allegedly being unable to satisfy the requirements on anti-money laundering, authorities in Singapore have fined Standard Chartered Plc a total of SGD6.4m (USD4.9m). Interestingly, the punishment comes less than two years after the bank received a ... ( read original story ...)

Standard Chartered Bank and Standard Chartered Trust were fined a combined £3.46m (S$6.4m) by the Monetary Authority of Singapore (MAS) for 33 breaches of anti-money laundering and terrorism financing laws. The lender’s Singapore arm was fined £2.81m ... ( read original story ...)

Bank of Singapore, the private bank of OCBC Bank, is looking to expand its family office business as the city-state rolls out the red carpet for wealthy investors. "We are seeing increasing demand for families moving into the next generation to set a ... ( read original story ...)

The Monetary Authority of Singapore (MAS) and the Bank of Lithuania have agreed to work together to support the development of the FinTech ecosystems and encourage greater financial innovation in the two countries. The FinTech Co-operation Agreement ... ( read original story ...)

Your property agent has to be registered with the CEA Don’t ... because the CEA has a nifty public register that lists all the registered agents in Singapore. The apartment you’re looking at is right beside the MRT station, and it’s surrounded ... ( read original story ...)

The Monetary Authority of Singapore (MAS) and the Bank of Lithuania have agreed to collaborate and mutually support the development of the Fintech ecosystems and encourage financial innovation between the two countries. Today, MAS and the Bank signed a ... ( read original story ...)

APAC Realty’s Jack Chua and Juliet Zhu of MLN Overseas today signed a partnership agreement to provide a range of services to Chinese property buyers. UPDATED: Singapore-listed real estate brokerage APAC Realty, which operates under the ERA brand ... ( read original story ...)

Economists have raised their forecasts for Singapore’s economic growth in 2018, as they upgraded their views on private consumption as well as wholesale and retail trade, a central bank survey showed on Wednesday. Singapore’s gross domestic product is ... ( read original story ...)

A floating rate is a home loan where the interest rate is pegged to the SIBOR or SOR. The SIBOR is the Singapore Interbank Offer Rate, what the SOR is the Swap Offer Rate. These are rates which are public knowledge so there’s a level of transparency. ( read original story ...)

SINGAPORE - Bank of Singapore's global market head for Greater China and North Asia, Derrick Tan, has taken on the additional role of chief executive of its Hong Kong branch since March 6, the private banking arm of OCBC Bank said on Monday. He replaces ... ( read original story ...)

In 2018, Singapore was ranked as the most important property market in ASEAN by Morgan Stanley's research. Given this, it is not surprising that Singapore is also home to some of the most expensive properties in the world. But just how nice and expensive ... ( read original story ...)

So what makes a good rental property investment? For answers, we looked at apartments and condominiums across Singapore that commanded gross rental yields of 4% and above, to identify their common characteristics. Current gross rental yields are calculated ... ( read original story ...)

(Photographer: Sanjit Das/Bloomberg) SINGAPORE Finance Minister Heng Swee Keat announced a range of tax increases in his budget, including a surprise hike in property levies, as he seeks to shore up savings to cope with a rapidly aging population. ( read original story ...)

Singapore’s ultra-wealthy population surged to 1,400 individuals ... which is lifting GDP as well as stock and property markets. ( read original story ...)

A homeowner in Singapore was horrified to see his naked body on a property listing site after taking a photo of his room while undressed. For months, neither the homeowner or his agent was aware that the x-rated picture had been posted online until ... ( read original story ...)

SINGAPORE remains a favoured destination for property investments among the world's ultra-wealthy, taking the fifth spot based on an overall global ranking by Knight Frank. In the property consultancy's Wealth Report 2018, Singapore is the third most ... ( read original story ...)