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 ...)
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 ...)
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 ...)
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 ...)
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 ...)
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 ...)
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 ...)
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 ...)
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 ...)
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 ...)
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 ...)
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 ...)
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 ...)
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 ...)
Buyers in ‘99-to-1’ property deals can voluntarily pay ABSD, Iras will look at cases more favourably
About 0.5 per cent of private residential properties transacted in 2018-2021 used “99-to-1” arrangement. Read more at straitstimes.com. ( read original story ...)
Less than 1% of private home transactions in Singapore use 99-to-1 arrangement: Finance Ministry
SINGAPORE: From 2018 to 2021, about 0.5 per cent of private residential properties transacted involved “99-to-1” or similar arrangements, and action will be taken against both buyers and property ... ( read original story ...)