Singapore Property Stocks Fall on Higher Tax for Home Purchases

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: 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 ...)

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 ...)

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 ...)