He said the root of the problem is a supply issue, which the Government is addressing. Read more at straitstimes.com. ( read original story ...)
75% hike in rent; Expat shares experience of unreasonable rental hike in Singapore’s surging rental market
Singapore's rental market is expected to continue its upward trend in 2023 due to rising costs and surging demand. An expat recently shared her experience of an unreasonable rental hike by her ... ( read original story ...)
A new luxury condominium, The Reserve Residences, is getting a lot of attention from property investors across Singapore
The project is offering its residents the ultimate luxurious lifestyle in the country. The Reserve Residences, a ... ( read original story ...)
Loan Repayment in Singapore: 6 Things You Can Do If You Can’t Pay Your Mortgage (2023)
Global interest rates (and hence, Singapore mortgage rates) have been on the rise since 2022. Last year, the US Federal Reserve raised interest rates seven times, which saw the benchmark federal funds ... ( read original story ...)
5 things you must know about Singapore property tax
Property tax is applicable to any property whether it's owner-occupied, rented out or left vacant. Do you have to pay this tax? Read more. ( read original story ...)
Govt will support retirees living in private homes, but not by lowering property tax: SMS Chee
The Government is committed to supporting retirees, including those staying in private residences, not by lowering their property taxes but through other ways, said Senior Minister of State for ... ( read original story ...)
Support for retirees living in private property is ‘not by lowering property taxes’: Chee Hong Tat
SINGAPORE - The Government is committed to supporting retirees, including those staying in private residences, not by lowering their property taxes but through other ways, said Senior Minister of ... ( read original story ...)
Property market risks remain, careful approach needed to manage supply and demand: Desmond Lee
There are still risks to prices in the property market, even with cooling measures and subsidies, said Minister for National Development Desmond Lee. As such, there is a need to maintain a cautious ... ( read original story ...)
Interest Rates Are Expected to Increase Further In 2023: How This Affects Your Mortgage in Singapore
Singapore’s mortgage interest rates tend to be closely linked to global interest rates. When the pandemic began in March 2020, the US Federal Reserve slashed interest rates, in turn, lowering ... ( read original story ...)
Singapore wealth firm sees rapid growth catering to the rich
This highlights the city-state’s rise as a hub for wealthy clans. The firm was founded in October by former Bank of Singapore market head for Global South Asia and the Middle East Hemant Tucker, ... ( read original story ...)
1MDB trial: Ex-bank officer admits to around US$6mil in ‘secret profits’
A former bank officer with Singapore's BSI Bank told the High Court that he made close to US$6mil (RM27mil) in "secret profits" for carrying out transactions for 1Malaysia Development Bhd (1MDB) and ... ( read original story ...)
Singapore’s online portal PropertyGuru remains in the red even as fourth quarter revenue jumped
PropertyGuru stays in the red for the fourth quarter of 2022, after slipping from a net profit position in the second quarter. ( read original story ...)
Singapore ranks 6th for luxury home sales in 2022: Knight Frank
Knight Frank expects a 4 per cent increase in prime residential prices in Singapore. Read more at straitstimes.com. ( read original story ...)
Singapore is 6th top market for super and ultra-prime properties
Singapore ranked 6th amongst the top markets for prime, super-prime and ultra-prime properties globally, according to a report by Knight Frank. The Lion City, alongside Hong Kong, were the only two ... ( read original story ...)
3 years’ jail for ex-property agent who made off with client’s money and caused over $1m loss
SINGAPORE - A property agent, engaged to help in the purchase of a condominium unit, misappropriated nearly $600,000 of her client’s money meant for parties including the property developer. This led ... ( read original story ...)
Singapore wealth firm Farro Capital sees rapid growth catering to rich families
The firm was founded in October by former Bank of Singapore market head for Global South Asia and the Middle East Hemant Tucker, Maitri Asset Management’s ex-chief executive officer Manish Tibrewal ... ( read original story ...)