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.
Syrian refugees forced to leave Lebanon
Authorities in Lebanon are once again forcing Syrian refugees back into Syria. The Lebanese military raided homes and detained up to 100 refugees throughout the month. Then, armed forces reportedly …
DeSantis to address Israel amid the country’s tumult and rise of antisemitism back home
Florida Gov. Ron DeSantis will deliver remarks in Jerusalem on Thursday, addressing officials and journalists there at a time of heightened tension between Israel and the United States and amid a rise …
Dubai property: British, Indian, and Russian buyers lead real estate market; Pakistanis slip out of top 10
Emirate’s stable economy, 100% foreign ownership, Golden Visas and effective handling of Covid-19 worked as a magnet for most European investors …
UAE property: ‘Does a lease renewal have to include the rent increase?’
Question: My rental contract will expire in six days. Even though my landlord sent a rent increase notice via email on January 9, which was 90 days before the expiry of the tenancy contract in …
Candy Says Property Buyers Want Dubai Luxury, Not London Crime
The UK real estate entrepreneur tells In the City the ultra-rich are decamping for the UAE because Western capitals are losing their “values.” …
UAE commercial property sector remains among strongest globally with investor sentiment highest since 2014
This landmark result, which is an aggregate of occupier and investor sentiment, is driven by an acceleration in investment demand growth (in net balance terms) across all sectors covered in the survey …