Singapore’s property stocks fell, leading declines on the benchmark Straits Times Index as the government raised taxes on home purchases that are worth more than S$1 million ($761,600) after housing prices rebounded from a four-year slump. UOL Group Ltd ... ( read original story ...)
Singapore won’t cane suspected bank robber sought from UK
Singapore has agreed not to cane a man accused of carrying out a rare bank robbery in the city-state if Britain extradites him to face charges, officials said Tuesday. David Roach, a Canadian citizen, is wanted in Singapore for allegedly stealing Sg$30,000 ... ( read original story ...)
32,000 households are in mortgage of 3 months or more
A drop in household income and prolonged unemployment or illness are among the common reasons why Singapore households fall into mortgage arrears, revealed the Ministry of National Development. Notably, out of the 405,000 households with outstanding ... ( read original story ...)
Singapore Budget 2018: Singapore property stocks fall on higher stamp duty for home buyers
SINGAPORE (BLOOMBERG) - Singapore property stocks declined on Tuesday (Feb 20) after the Government raised taxes on home purchases of more than S$1 million, just as the housing market started to recover from a four-year slump. UOL Group and City ... ( read original story ...)
Singapore Budget 2018: Impact of buyer’s stamp duty
The S$1.99 million increase translates to nearly 1 per cent of the property price. Under a drive to make Singapore's tax system more progressive, Finance Minister Heng Swee Keat annnounced on Monday that the top marginal BSD rate would be raised from 3 per ... ( read original story ...)
RPT-Higher home buyer tax seen cooling Singapore’s collective sales frenzy
SINGAPORE, Feb 19 (Reuters) - Singapore’s move on Monday to raise stamp duty on expensive home purchases is likely to dampen the recent wave of redevelopment sales in the city-state’s recovering property market, analysts said. From Tuesday, the wealthy ... ( read original story ...)
Higher home buyer tax seen cooling Singapore’s collective sales frenzy
SINGAPORE, Feb 19 (Reuters) - Singapore’s move on Monday to raise stamp duty on expensive home purchases is likely to dampen the recent wave of redevelopment sales in the city-state’s recovering property market, analysts said. From Tuesday, the wealthy ... ( read original story ...)
Design extraordinaire Chantal Hamaide curates Singapore furniture showcase
The long-running International Furniture Fair Singapore (IFFS) has booked influential French designer Chantal Hamaide to curate its maiden Carte Blanche showcase. The fair, along with co-located shows, the 35th ASEAN Furniture Show and NOOK Asia 2018 ... ( read original story ...)
Frasers Property to acquire German, Austrian logistics assets for 285.2m euros
SINGAPORE - Frasers Property is set to acquire 22 logistics and light industrial assets in Germany and Austria mainly owned and managed by developer Alpha Industrial for 282.5 million euros ($285.2 million). The assets include 16 completed logistics and ... ( read original story ...)
Transparent property agent transactions and ratings will soon become the norm in Singapore
Choosing a new restaurant to try (or even a hotel for your upcoming trip) is pretty simple. Just head over to Tripadvisor, and you’ll get access to thousands of ratings and reviews at your fingertips. Choosing a property agent to work with, on the other ... ( read original story ...)
Property agents in Singapore to be rated by home buyers and sellers
The Singapore government has announced a system that will enable home buyers and sellers in Singapore to rate real estate agents' service quality. The rating will be publicly displayed online along with the history of property transactions closed by the ... ( read original story ...)
Looking Back: Best Performing Stocks in Singapore 2017
2017 was a dramatic year for the Singapore market, with invaluable lessons for investors to glean from for 2018. Stocks in the semiconductor and property sectors had a pretty good run in 2017. These were characterised by improving fundamentals, coupled ... ( read original story ...)
Where in Singapore should you buy property in 2018, according to Fengshui?
Real estate investors should look at the central, south, southeast and southwest areas, as properties in these areas are likely to boom in the Year of the Dog. Owners of properties in these areas, whose prices have appreciated, should definitely consider ... ( read original story ...)
Guide To Understanding Taxes In Singapore, And Who Pays For Them
In Singapore, all properties, be it residential, industrial or commercial, are subject to property tax. For residential property, the tax rate differs, depending on whether it’s an owner-occupied or non-owner-occupied property. With Singapore being a ... ( read original story ...)
Singapore estate buy for RM1.59bm boon for Malaysia’s Sunway
Sunway unit Sunway Developments Pte Ltd plans to jointly acquire a private residential property – Brookvale Park in Singapore – with Hoi Hup Realty Pte Ltd. Both entities have entered into a collective sale and purchase agreement (SPA) with the ... ( read original story ...)
Consumer Taxes in Singapore: Trends Analyzed
Besides the trend we observed in income and property taxes, it seems that an increase in GST is imminent in Singapore. Given what we’ve observed from analysis above, this could be a departure from the past where the increase in tax was mostly impacted ... ( read original story ...)