In 1H24, the REIT reported a 1.3% YoY lower NPI. The increase in Singapore property taxes has negatively impacted Frasers Hospitality Trust's (FHT) net property income (NPI) for the 1H24 period. In ... ( read original story ...)
Former Singapore transport minister Iswaran wins bid for all corruption charges to be heard in one trial, not two as prosecution proposed
The High Court yesterday approved an application filed by lawyers for former transport minister S. Iswaran to have all 35 charges against him heard in a ... ( read original story ...)
Greater Bay Airlines to stop Hong Kong-Singapore flights just one month after launch
Affected passengers will be compensated with a free return ticket, the airlines said. Read more at straitstimes.com. ( read original story ...)
IRAS to claw back S$60 million from private property buyers who used ’99-to-1′ scheme to reduce ABSD
SINGAPORE: The Inland Revenue Authority of Singapore (IRAS) has found 166 cases of private property purchases involving the “99-to-1” scheme to avoid paying the additional buyer’s stamp duty (ABSD). ( read original story ...)
Singaporean property services provider signs deal with local realty firm
APAC Realty, a leading Singapore-based real estate services provider under the ERA brand, has just closed a game-changing franchise deal with homegrown firm Upper Room Realty to form ERA Philippines, ... ( read original story ...)
Commentary: Is co-living a fad or here to stay in Singapore?
Co-living meets the needs of those looking for affordable and flexible housing, says The Assembly Place CEO Eugene Lim. ( read original story ...)
Is Singapore Too Expensive to Live In?—Singapore’s Cost of Living 2024
Welcome to the most expensive city in the world. According to the Worldwide Cost of Living survey by the Economic Intelligence Unit (EIU), Singapore has once again topped the list of the world's most ... ( read original story ...)
Inside Singapore’s stunning ‘garden’ hotel that’s half JUNGLE – with a beach terrace, floating bar and its own waterfall
Guests visiting the stunning property enter through what is called the hotel’s ... cross-ventilated yet sheltered spaces were designed specifically for Singapore's equatorial climate, where warm, ... ( read original story ...)
Rents for luxury homes in Singapore jump in Q1 despite wider market slump: Huttons
SINGAPORE – Rents for large luxury homes in Singapore jumped ... “With the punitive 60 per cent ABSD rate in place on residential property purchases by foreigners, we expect foreign buying interest to ... ( read original story ...)
‘You’re torturing me’: Property agent warns against renting to students after ‘horrible’ West Coast condo handover
One property agent has declared that he will now require students to fork out a higher deposit up front, after a group of them left a rental condo unit in disarray. Taking to TikTok on Wednesday (May ... ( read original story ...)
Rents for luxury homes in Singapore jump in Q1 amid wider market slump: Huttons Asia
SINGAPORE - Rents for large luxury homes in Singapore jumped ... “With the punitive 60 per cent ABSD rate in place on residential property purchases by foreigners, we expect foreign buying interest to ... ( read original story ...)
60 Wall St. secures new mortgage at a steep price, proceeds with redevelopment
The developer owns the building along with Singapore’s sovereign wealth fund ... Those risks explain why the new mortgage for 60 Wall St. comes with an elevated interest rate. A $259 million slice of ... ( read original story ...)
S’pore man loses S$2.9 million after getting call from ‘local bank’
The man was instructed by the “local authorities” to make a series of bank transactions to an account as part of “investigations” and to prove his innocence. He wound up losing about S$2.9 million. ( read original story ...)
Singapore presence likely to buoy IOIProp
IOI Properties Group Bhd (IOIProp), which is majority owned by the Lee family, has been steadily building its presence in the Singapore property market. ( read original story ...)
Upcoming Johor-Singapore SEZ to benefit property developers and Reits in industrial, commercial sectors
PROPERTY developers and real estate investment trusts (Reits) in the industrial, commercial and hospitality sectors look set to get a boost when the upcoming Special Economic Zone (SEZ) in Johor, ... ( read original story ...)
ST HeadSTart: Investing in property? 8 things to consider | And btw, we won!
Property investment isn’t without risks, including immovability, policy shifts and exposure to interest rates. Young and older investors pick fixed deposit as their top investment choice: Poll About ... ( read original story ...)