Real Estate News

Foreigners Under Singapore Free Trade Agreements to Pay Same Citizen Buyer Stamp Duty

December 9, 2011

Following with the news of the introduction of Buyer’s Stamp Duty, IRAS has came out with the circular to clear up on the property counts and news of some exemption to the new cooling measure introduced on 8th of December 2011. Citizens of five countries that have free trade deals with Singapore, including the United [...]

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URA Development Charges Revised – Commercial and Industrial Upwards

September 1, 2011

URA has just revised the development charges for the following groups:- The DC rates for Group A (Commercial) have increased by an average of 22%, with the largest increase of 32% in Sector 101 (Paya Lebar Central: Paya Lebar / Eunos / Macpherson Road area). For Group B1 {Residential (landed)}, the DC rates have on [...]

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Conveyancing Rules to Start from 1st August 2011

July 13, 2011

This law is finally been enacted. As mentioned in August 2009, the Government was considering making it compulsory for conveyancing lawyers to have their stakeholder’s funds held by conveyancing accounts in banks. Under the new measures, lawyers will no longer be allowed to receive and hold conveyancing money in their clients’ accounts. Instead, the money [...]

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Foreign Buyers Hitting 16% of Transactions in 1st Quarter of 2011

May 26, 2011

Its no surprise that foreign buyers are the ones that is zapping up most of the properties in Singapore, allowing the figures to hit yet another height. The studies according to DTZ were recorded and reported in Straits Times today surprising previous average figure of 12% over 2010. FOREIGN home buyers snapped up 16 per [...]

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NUS Introduces Singapore Residential Price Index (SRPI)

March 28, 2010

The National University of Singapore has developed a new index for Singapore residential homes on month-to-month price movements,

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The Interlace by Capitaland To Be Launched Next Month

September 6, 2009

Capitaland and Hotel Properties Ltd will be launching the former Gillman Heights condominium site with a $1.4 billion design by Ole Scheeren of OMA. The Interlace with a sprawling 81,000 sqm (871,560 sqft) land and a GFA of 170,000 sqm (1,829,200 sqft) will be configured into a 1,040-unit development next month. Images from The Inhabitat. [...]

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IRAS – No Changes to Tax for Property Gains

August 23, 2009

Nothing new is springing up from Inland Revenue Authority of Singapore (IRAS), after a period of uncertainty especially to property investors with the recent speculations of government measures to firm up the possible taxation of property owners selling their assets for capital yield. Previously it was proposed that an individual who sells a property would [...]

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No Stakeholder Monies to Be Held by Law Firms Soon

August 14, 2009

Finally! And I thought it’s going to take them long enough to realize that sometimes even the level which is suppose to be the most just and neutral party might just give you the most problematic issues. Ministry of Law has came up with a proposal that might allow an entity to be the stakeholder [...]

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45% of Viva Condo Units Sold at Preview

August 7, 2009

It was a busy day at the show flat for Viva, an AllGreen launch at the 4th day of its private preview for Knight Frank customers. 107 units out of a total number of 235 was sold till today and not all apartments were fully released. Among the most popular sizes were the 2-bedroom (957sqft) [...]

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Law Firm Pays $750,000 Difference for Not Exercising Option on Time

June 22, 2009

This will serve as a wake up call on the duties as a conveyancing law firm to or even to remind the client to exercise his/ her option to purchase on time. June 20, 2009 A day late and $750,000 short for law firm Clients win suit against firm for being late in filing purchase [...]

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