Sri Lanka’s economy is expected to shrink by 2% in 2023, its central bank said in an annual report on Thursday, as the country struggled to emerge from its worst financial crisis in decades.
Mating urge adds new pressure to human-elephant conflict in Nepal
Wild male elephants in search of females to mate with are homing in on captive domestic elephants, in the process posing a threat to human settlements and property on the outskirts of Nepal’s Chitwan …
Thailand’s property spending boosted by tourism recovery
Thailand’s strong tourism recovery had a positive impact on housing demand and property renovation at major tourist destinations in the first quarter of this year, according to construction material …
PH keeps out of US’ intellectual property watch list for 10 yrs
The Philippines has kept its clean record for 10 years in the United States Trade Representative’s (USTR) Special 301 Report, which listed countries where the US has intellectual property protection …
Online searches indicate strong demand for residential property in India
The changing preference towards apartments over independent homes is due to the better quality of life, safety, and common recreational facilities they provide.
Singapore’s Surprise Property Tax Hike a ‘Freezing Measure’ for Foreigners
Singapore raised levies on private property purchases in a surprise move late on Wednesday night to cool the market, including a doubling of stamp duties for foreigners to an eye-watering 60%. Liu’s …
Singapore unveils surprise measures to cool property market, doubles stamp duties for foreigners
The tax is now 60 per cent for foreign buyers, while citizens and permanent residents will see small increases when buying second and subsequent properties.
Singapore hikes property tax in latest round of cooling measures
Both local and foreign buyers of residential properties will now have to pay higher additional buyers’ stamp duties, which will take effect from today.
Snap Insight: Latest round of Singapore property cooling measures perplexing in sluggish economy
Higher mortgage rates, property tax and inflation have already caused home buyers and investors to hold back – so why another round of cooling measures? Real estate consultant Ku Swee Yong weighs in.
Singapore doubles property tax on foreigners to 60pc
The city-state’s real estate sector has remained buoyant even as other countries face slowdowns because of soaring interest rates and inflation.