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 ...)
Man involved in scams where over $5 million was lost allegedly paid others to give up bank accounts
SINGAPORE - A 20-year-old man, suspected to be involved in procuring bank accounts for criminal activities, allegedly paid others to get them to give up their accounts. Read more at straitstimes.com. ( read original story ...)
Maybank Singapore’s profit before tax doubles to S$655.92m in 2022
This was reportedly thanks to higher income and lower loan loss allowances. Maybank Singapore’s full year profit before tax doubled to S$655.92m in 2022, according to the bank’s latest financial ... ( read original story ...)
Home-staging trend to speed up property sales
SINGAPORE: A property listing is no longer limited to just welcoming prospective buyers to view a home in its current state online or in person. ( read original story ...)
Beyond 2022: How Singapore’s development will affect the property market (Jurong East and Tengah)
The West has a reputation for being pretty remote by Singapore standards. Being the manufacturing hub of the country, it was a low priority for residential development (or any other kind of ... ( read original story ...)
Agent tries to sell ‘cheapest’ private residential land in Singapore – that you can’t actually build a house on
Realtor Lynn Tiang introduced “probably the cheapest land you can get in Singapore” in a video posted to the Property Giant TikTok channel recently. ( read original story ...)
Changing land pricing to cut cost of HDB flats risks destabilising entire property market: DPM Wong
Changing the way that land is priced to lower the cost of Housing Board flats will risk destabilising the entire property market, said Deputy Prime Minister Lawrence Wong. He cautioned against ... ( read original story ...)