Owning a second private property is an aspiration for many – as retirement income and investment. But with the new additional buyers’ stamp duty announced earlier this year, is two always better than ... ( read original story ...)
Fewer Singapore home buyers chasing condo ownership
SINGAPORE: There are fewer Housing Board (HDB) flat upgraders chasing the condominium dream after several rounds of property cooling measures. ( read original story ...)
China property crisis will need more than ‘simple policy’ solutions, say experts at Forbes conference in Singapore
China’s property market is expected to recover once economic growth as a whole returned and jobs figures are lifted, but that will take ‘some time’, business leaders note. ( read original story ...)
Crackdown on money laundering a testament to integrity of Singapore as a financial centre: DPM Heng
Channelling funds flows into productive purposes is critical to the success of the country. Read more at straitstimes.com. ( read original story ...)
Property agents pay more heed to compliance checks after massive billion-dollar money laundering case
SINGAPORE: Property agents are paying more attention to compliance checks in the wake of a S$1.8 billion (US$1.32 billion) money laundering case making headlines in Singapore ... ( read original story ...)
Singapore economy now projected to grow by just 1.0% in 2023: MAS survey
The latest estimate stands lower than the previous forecast of 1.4% in the previous survey earlier this year in June. ( read original story ...)
Economists Cut Singapore 2023 Growth and Inflation Forecasts – Survey
SINGAPORE (Reuters) - Economists have downgraded Singapore's 2023 growth forecasts and inflation expectations, according to a survey by the country's central bank published on Wednesday, with ... ( read original story ...)
Property agent warns against renting your HDB flat out to “wrong tenants” and he shows you why
SINGAPORE: “Don’t be too eager to rent out your place to the wrong tenants,” a property agent warned in a recent TikTok video, showing how badly things can go wrong quickly. Mr Benedict Lim asked in ... ( read original story ...)
Interest rates ripples are being felt in the local home loan market
An influx of foreign investments can influence property prices and demand, indirectly affecting Singapore’s home loan market. 4. Consumer Confidence: The economic stability and robust job growth ... ( read original story ...)
Buying Your First Private Property in Singapore? 5 Things to know first! (2023)
The recent Urban Redevelopment Authority (URA) flash estimates have revealed the very first decline in Singapore private home property prices by 0.4% ... ( read original story ...)
Most Asia-Pacific banks sufficiently diversified, capitalised to weather property downturn: S&P
Of all the markets in the region, China is likely the most severely affected and the “epicentre of the region’s property strains”. Read more at straitstimes.com. ( read original story ...)
Singapore Police arrest 13 suspects aged 15-25 years for malware scams related to bank accounts
Complaints of malware have been coming to the Singapore Police Force since the beginning of 2023. According to the information released, the malware infected victims’ phones and then money was ... ( read original story ...)
Singapore braces for ‘partisan’ vote for president, guardian of its vast reserves
Singapore’s presidency has been directed elected only since 1993, after the late Lee Kuan Yew proposed a constitutional amendment to guard against unfettered access to the government’s reserves if a ... ( read original story ...)
Suspects Back in Court Over Singapore’s Swoop on Major Money Laundering Ring
SINGAPORE (Reuters) - Ten foreigners accused of involvement in a major money laundering operation in Singapore were set to appear in court on Wednesday, some facing new charges as the city-state seek ... ( read original story ...)
Property agents caught up in $1b money laundering case may see commissions ‘clawed back’
Around 60 agents are suspected to be involved in the sale or rental of properties related to the case. Read more at straitstimes.com. ( read original story ...)
Singapore-based office S-Reits resilient despite concerns sparked by WeWork
HEADWINDS for the global office real estate segment has been under focus after office-sharing firm WeWork raised “substantial doubt” in its ability to continue its business. Read more at The Business ... ( read original story ...)