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Tag: property

Posted on 27/04/2023

Singapore doubles property tax on foreigners to 60pc

The city-state’s real estate sector has remained buoyant even as other countries face slowdowns because of soaring interest rates and inflation. ( read original story ...)

Posted on 27/04/2023

New property cooling measures: Analyst Lee Sze-Teck on its impact and what’s fuelling the growth of Singapore home prices? | Video

Singapore announced new property cooling measures, including a doubling of additional buyer’s stamp duty for foreigners buying any property in the country from Thursday (Apr 27). One analyst told CNA when we would see the impact of the latest round of measures, ( read original story ...)

Posted on 27/04/2023

ABSD hikes a pre-emptive move to dampen property investment demand, prioritise Singaporeans, says Desmond Lee

SINGAPORE - The new round of increases in Additional Buyer’s Stamp Duty (ABSD) rates are aimed at preemptively dampening investment demand and prioritising Singaporeans buying homes for owner-occupation, ( read original story ...)

Posted on 27/04/2023

ABSD raised to preemptively dampen property investment demand: Desmond Lee

In a joint statement late on Wednesday, the Finance Ministry, Ministry of National Development and MAS said the ABSD rate for foreigners buying any residential property will be raised from 30 per cent to 60 per cent – the highest increase. ( read original story ...)

Posted on 27/04/2023

4 Singapore REITs Are Hitting Fresh 52-Week Lows: Are They a Bargain?

These REITs are plumbing new 52-week lows even as interest rates show signs of stabilising. Could they be a glaring bargain for investors? The post 4 Singapore REITs Are Hitting Fresh 52-Week Lows: Are They a Bargain? ( read original story ...)

Posted on 27/04/2023

Singapore Increases Property Stamp Duties to Cool Property Market

Singapore's government announced late on Wednesday it will raise stamp duties to cool the property market. The revised rates, which apply to citizens, permanent residents and foreigners, will take ... ( read original story ...)

Posted on 27/04/2023

Singapore announces new property cooling measures, additional buyers’ stamp duty doubled to 60% for foreigners

SINGAPORE: The government announced new property cooling measures on Wednesday (Apr 26), increasing the additional buyer’s stamp duty (ABSD) rates. The highest increase will apply to foreign buyers ... ( read original story ...)

Posted on 27/04/2023

Singapore introduces new round of property cooling measures; ABSD for foreign buyers doubles to 60%

The government is levying higher ABSD (Additional Buyers' Stamp Duty) rates, in a bid to cool the property market that remains firm even with a dimmer economic outlook.“The revisions to the ABSD rates ... ( read original story ...)

Posted on 27/04/2023

Iras to reward whistle-blowers on private property deals exploiting ‘99-to-1’ loophole to evade ABSD

This is not the first time Iras has offered the reward for information on tax avoidance or evasion. Read more at straitstimes.com. ( read original story ...)

Posted on 26/04/2023

Iras to reward whistleblowers on private property deals exploiting ‘99-to-1’ loophole to evade ABSD

This is not the first time Iras has offered the reward for information on tax avoidance or evasion. Read more at straitstimes.com. ( read original story ...)

Posted on 25/04/2023

Distressed property listings in S’pore jump in Q1 as bankruptcies rise

Both Knight Frank and Edmund Tie saw higher numbers of mortgagee listings in the first three months of the year. Read more at straitstimes.com. ( read original story ...)

Posted on 24/04/2023

HDFC Bank to acquire 20% or more in Griha Pte, gets Singapore regulatory nod

Griha Pte, founded in 2012, is a private equity fund manager headquartered in Singapore and registered with MAS. The entity is a foreign step-down subsidiary of the Housing Development Finance ... ( read original story ...)

Posted on 24/04/2023

China and Singapore collaborate to implement sustainable financing

Reportedly the joint venture of Monetary Authority of Singapore and People’s Bank of China will also include China-Singapore Green Finance Taskforce (GFTF) ... ( read original story ...)

Posted on 24/04/2023

Why a Singapore-based fundraising platform is returning money raised for Malaysian toddler with rare disease to donors

Singapore-based fundraising platform Give.Asia had already raised RM715,272 (S$215,200) for a Malaysian family whose toddler is suffering from a ... ( read original story ...)

Posted on 22/04/2023

What is the 99-1 loophole in Singapore and is it illegal? Here’s how to plan ABSD taxes, not evade them

The mark of a true blue Singaporean isn't how well he/she can follow the law, it's about getting around it without breaking it.But all that becomes tricky when we're talking about tax. Where do we ... ( read original story ...)

Posted on 22/04/2023

Tokenised high-value assets such as whisky, property becoming more popular with small investors

Expensive liquor, wines and watches are no longer the preserve of the ultra-rich. Read more at straitstimes.com. ( read original story ...)

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