Singapore News

New Cooling Measure – Additional Buyer’s Stamp Duty

December 7, 2011

Ministry of National Development has released a heavy cooling measure to curb residential property investments or speculations, with updates as follow:- The Government announced today an Additional Buyer’s Stamp Duty (ABSD)to be imposed on certain categories of residential property purchases. The ABSD will be imposed over and above the current Buyer’s Stamp Duty, and will [...]

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New Cooling Measures Yet Again – Seller Stamp Duty and Loan to Value Adjusted

January 13, 2011

With the introduction of Seller’s Stamp Duty and lowering of Loan-to-Value ratio last year and being enhanced before, the Singapore Government steps in further to adjust the already heavy measures to cool down the property market by introducing the following:- Increasing the holding period for imposition of Seller’s Stamp Duty(SSD) from three to four years [...]

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New Cooling Measures – Seller Stamp Duty Holding Period, Lower LTV, Minimum Cash Revised

August 30, 2010

The Singapore Government has recently released further measures today to curb the possibly speculative hot property market which will be in effect immediately (30th August 2010) as follows:- Seller’s Stamp Duty Holding period extended from 1 year to 3 years For residential properties bought4 on or after 30 August 2010, SSD will be imposed if [...]

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Facelift for ION Orchard’s & Tangs Plaza Underpass

June 16, 2010

Sun Hong Kai and Capitaland will join hands together to give the underpass a face lift. A spokesperson from ION Orchard said the pedestrian passageway will be widened to double the existing width, and there will be shops on both sides of the underpass. According to the CEO of Orchard Turn Developments, Soon Su Lin, [...]

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Resale Home Prices Higher Than Previous Peak

March 30, 2010

Resale prices has shot up higher than its previous peak in 2007, The latest price rises for this segment, dominated by upgraders, were relatively modest, but enough to push average prices past the previous high. PRICES of private, leasehold resale homes have now shot past their previous peak in late 2007, according to a new [...]

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New Property Tax Computation for Home Owners from January 2011

February 22, 2010

With the latest Budget released for 2010 by Financial Minister Tharman Shanmugaratnam, property tax computation for home owners will be on a 3-tier progressive scheme. Based on Annual Value (AV) of your owner occupied home, the tiers are as follows:- 0% on your first $6,000 of AV 4% on the next $59,000 of AV 6% [...]

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New Seller’s Stamp Duty & Lower Housing Loan Limit

February 20, 2010

With immediate effect, the Government has introduced two new measures to cool down the property market. Introducing Seller’s Stamp Duty (SSD) for Properties Sold Within a Year Properties that were bought before 20th February 2010 will not be subjected to the SSD. The SSD will be levied on sellers of residential properties and lands bought [...]

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Singapore Property Agents to be Regulated

October 5, 2009

It’s confirmed. The Government will be stepping in to regulate the pool of real estate agents in Singapore. The Straits Times announced and understands that an independent body will be formed and chaired by a neutral party appointed by the Government. It will also house a dispute resolution centre for agents and consumer mediation. The [...]

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Government Takes Measure To Cool Property Market – IAS Abolished

September 14, 2009

With immediate effect, Minister for National Development (MND) Mr. Mah Bow Tan has announced 3 main measures to cool the current speculative property market:- Removal of the Interest Absorption Scheme (IAS) and Interest Only Housing Loans (IOL) with effect immediately (14th September 2009) Reinstatement of Confirmed List for 1st Half 2010 Government Land Sales (GLS) [...]

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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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