From the category archives:

Singapore News

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% on anything above $65,000 [...]

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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 on or [...]

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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 intiative was [...]

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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) Programme
Non-extension of [...]

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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 not [...]

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Punggol Promenade Starts Work

August 16, 2009

Punggol has started its ground breaking ceremony today to start work on its 4.9km long promenade that will start from Punggol Point.
Today, the town has a population of 53,600 and this is projected to grow to 70,000 by 2011.
I have recently sold a 5-room Design and Built in Punggol Central, this has been one of [...]

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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 instead [...]

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Singapore Snaps Out of Technical Recession, New Homes Up 9.4% in June.

July 16, 2009

With Singapore climbs out of technical recession with 20.4 growth percent in Q2 this 2009, the government has also raised its growth forecast for the months to come. With much credits to the government and her people, Singapore is the first Asean country to move out of a technical recession.
Will we continue to fair much [...]

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CPF Minimum Sums Adjusted With Effect on 1st of July 2009

June 2, 2009

The minimum sum(MS) for your CPF account will be raised from 1st of July 2009 from the existing $106,000 to $117,000. The new MS will apply to CPF members who turn 55 from 1 July 2009 to 30 June 2010.This is in line with the Ministry of Manpower’s annoucement in August 2003 that the CPF [...]

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Singapore New Blueprint for Green Buildings By 2030

April 28, 2009

The Government has released a blueprint on the direction to go within the next 20-30 years for green buildings in Singapore. This is tied inconjunction with Building and Construction Authority (BCA) on its Green Mark Project started since January 2005.

There’re a few tier standards in the Green Mark namely Gold, Gold PLUS and Platinum. You [...]

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