If someone wants to buy a resale HDB flat, they have to sell their
overseas property within 6 months to comply with the new cooling
measures.» Read more
Posted on 02-09-2010 14:18 | By Francis
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If someone wants to buy a resale HDB flat, they have to sell their
overseas property within 6 months to comply with the new cooling
measures.» Read more
Savills Singapore has confirmed what most of us already know by now - foreign buyers are on the rise. According to their research, foreigners (including PRs) bought 22.7% of homes during July-Sept this year. A huge increase from the 15.2% recorded in Jan-Mar this year. Not only that, China has overtaken India as the 3rd largest group of foreign buyers after Malaysia and Indonesia.
Posted on 05-11-2009 18:02 | By John
UBS and RBS has their say on where property prices are going this week. One points up, the other points down - creating a deep contrast of views.But one thing both agree on though...
» Read more
Posted on 26-08-2009 12:34 | By Francis
The Ministry of Finance has said that it would not pursue any changes to the tax structure regarding property sales after receiving mostly negative feedback from the public. If you're unfamiliar with what the issue was, read our post about the proposed tax change earlier in July. Ironically, the tax law was supposed to clarify who gets taxed and who doesn't, but it seemed to create more confusion and chaos instead. » Read more
Posted on 22-08-2009 16:37 | By John
The Business Times had an article yesterday where they asked 24 corporate
bigwigs for their thoughts on the property boom and the paths that lie
ahead. You would expect 24 different points of view but we found there were a couple of common threads that appeared.
We've got them down for you, in a very a digestible point-by-point summary.
» Read morePosted on 18-08-2009 11:40 | By John
So it seems an Asian asset bubble is forming again according to HSBC:
"In Asia, liquidity is far too abundant to keep interest rates this
low...an asset bubble could also emerge in Singapore...although the
economy is not out of the woods, developers have enjoyed months of
buoyant sales. And prices at some projects have risen as much as 7 per
cent."How does this work? Read on...
» Read more
Posted on 27-07-2009 17:44 | By Francis
The government has stepped in to clarify that it is not tightening the
tax policy on properties. However till now, even most of us
at H88.com.sg cannot grasp the motive of such a policy amendment but here is a wrap-up on the few conspiracy theories out there...» Read more
Posted on 10-07-2009 11:59 | By Francis
The government might have further clarified how property deals should
be taxed through a DRAFT INCOME TAX (AMENDMENT) BILL. As history has shown, any slight shift in property related tax policy
will be felt high up on the seismic scale for property punters...how will this affect the property market?» Read more
Posted on 08-07-2009 13:57 | By Francis