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Tag: Singapore

Posted on April 29, 2023

Singapore fuel oil stocks slip to four-week lows; net imports ease 19%

Residual fuel oil stocks at key trading hub Singapore fell to four-week lows, with net imports easing by 19% after jumping last week, official data showed on Thursday.
Posted on April 28, 2023

Foreigners in Singapore Now Have to Pay the World’s Highest Property Tax

Moving to Singapore as a foreigner just got a lot more expensive. On Thursday, the city-state doubled its Additional Buyer’s Stamp Duty, Bloomberg reported. Now foreign home buyers will have to pay a …

( read original story …)



Posted on April 28, 2023

More foreigners may rent instead of buy property in Singapore after doubling of additional buyer’s stamp duty

Some foreign high-net-worth individuals may rent first, apply for permanent residency, then buy a property to get lower additional buyer’s stamp duty rates, say observers.

( read original story …)



Posted on April 28, 2023

Singapore and Hong Kong in ‘completely different’ stages of the property cycle: Real estate company

Henry Chin of CBRE says Singapore residential and commercial real estate rents have risen substantially, but things are “bottoming out” for Hong Kong.

( read original story …)



Posted on April 28, 2023

Analysis-China investment consensus cracks as politics fuel fears

By Tom Westbrook SINGAPORE (Reuters) -Decades-long foreign bullishness on China’s capital markets is breaking down, investment flows and interviews with fund managers suggest, with a new era of uncertainty fuelled by geopolitical risks and U.
Posted on April 27, 2023

Singapore announces new property cooling measures, additional buyer’s stamp duty doubled to 60% for foreigners | Video

Teck, senior director and head of research at Huttons Asia, about the additional buyer’s stamp duty announced by the government on Wednesday (Apr 26) night for foreigners and Singaporeans buying their second or subsequent residential property.

( read original story …)



Posted on April 27, 2023

New property cooling measures: Analyst Lee Sze-Teck on its impact and what’s fuelling the growth of Singapore home prices? | Video

Singapore announced new property cooling measures, including a doubling of additional buyer’s stamp duty for foreigners buying any property in the country from Thursday (Apr 27). One analyst told CNA when we would see the impact of the latest round of measures,

( read original story …)



Posted on April 27, 2023

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.

( read original story …)



Posted on April 27, 2023

Singapore announces new property cooling measures, additional buyer’s stamp duty doubled to 60% for foreigners

This is the third round of cooling measures since December 2021. SINGAPORE: Foreigners buying any residential property in Singapore from Thursday (Apr 27) will have to pay an additional buyer’s stamp …
Posted on April 27, 2023

Singapore announces new property cooling measures, additional buyer’s stamp duty doubled to 60% for foreigners

This is the third round of cooling measures since December 2021. SINGAPORE: Foreigners buying any residential property in Singapore from Thursday (Apr 27) will have to pay an additional buyer’s stamp …

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