The government this week raised the stamp duty on the portion of a residential property's value above S$1 million ($761,615) to 4 % from 3%
A series of aggressive land deals by developers, against the backdrop of rising apartment sales and the first quarterly rise in private home prices for four years
A series of blockbuster land deals in Singapore this year signal the city-state’s property market is set to break out of its prolonged slump in 2018.
According to Yahoo News, Singapore is bound to join a growing list of countries that have tightened the rules and regulated Airbnb’s disruptive services. The regulations will also hit similar home-sharing platforms.
One of the measures could the imposition of fines against recalcitrant home-owners who do not remove their properties from Airbnb listing after fulfilling the rental period imposed.
The private residential property index rose 0.5 percent to 137.3 in the third quarter, after easing 0.1 percent in the second quarter, the Urban Redevelopment Authority (URA) said.
The 'bungalow in the sky' penthouse in the GuocoLand -developed Tanjong Pagar Centre, is likely to become Singapore's most expensive apartment
Settlement of cross-border tax issues, especially transfer pricing, will be easier under the amended India-Singapore tax treaty. Bilateral advance pricing agreements (APAs) and settlement between competent authorities of the two countries of complex and contentious tax issues under the Mutual Agreement Procedure (MAP) route is now possible. This has been introduced under the third protocol to the India-Singapore tax treaty, which was recently signed.
Developers sold 1,252 units last month, the highest since July last year, when they sold 1,655 homes, data compiled by the Urban Redevelopment Authority showed.
Developers sold 509 units last month up from 341 units in September 2015, data compiled by the Urban Redevelopment Authority (URA) showed on Monday.
Singapore's URA on Monday released flash estimates for the change in Singapore private home prices during the third quarter of 2016
Opt in here