Sunday, September 11, 2011

Property News and Updates

NEWS AND UPDATES



IRAS Stamp Duties

BT Invest

联合早报


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20150716 Thu

2015 04 13

SUNDAY, 24 AUGUST, 2014    

TDSR hit Singapore buyers harder than foreigners


2014年07月14日 1030
转售私宅价格继续下跌 创下一年半最低点

 BT Premium
PUBLISHED JULY 15, 2014
Prices of resale condos slip 1.4% in June

[SINGAPORE] Resale prices of private condos dipped further last month to a low 
since December 2012, despite an increase in resale volumes.

The resale market was also quiet due to the June holidays and the World Cup period.
.
Deal volume up but still far below year-ago numbers









THURSDAY, 10 JULY, 2014                   BTINVEST

PUBLISHED JULY 10, 2014
Hiap Hoe seeks sole buyer for Balmoral condo units
It has till Nov to sell them before it falls subject to big fees to extend sale period



2014年07月07日                           第9区公寓 超过一成亏钱转售

2nd July 2014                               私宅价组屋转售价续跌

                                                                                http://www.zaobao.com.sg/news/singapore/story20140702-361097






11th Jan 2013

MND Ministry of National Development Newsroom :

                        Additional Measures to Ensure a Stable and Sustainable Property Market
                        ANNEX I     ABSD measure 
                        ANNEX II    housing loan measure   
                                                   Loan to Value
                                                   Minimum Cash Down Payment  -  25%
                        ANNEX III   measures specific to public housing






IRAS NEWS

                    2012 01 12          ADDITIONAL STAMP DUTIES
                                                http://www.iras.gov.sg/irasHome/page03a.aspx?id=14342







(ABSD) on Purchase of Residential Properties

FOREIGN BUYERS AND
NON-INDIVIDUAL ( CORPORATE ) :
1st Property 3%* + 15 %
PERMENANT RESIDENTS:
1st Property 3% * + 5%
2nd Property onwards 3%* + 10%
SINGAPORE CITIZEN:
1st Property 3% * 
2nd Property 3%* +7%
3rd Property onwards 3%* +10%



* First 3% refer to the scale below





                    2011 12 07            Stamp Duties


FOREIGN BUYERS AND
NON-INDIVIDUAL ( CORPORATE )  : 
1st Property 13%
PERMENANT RESIDENTS:
1st Property 3%
2nd Property 6%
SINGAPORE CITIZEN: 
1st and 2nd Property 3%
3rd Property onwards 6%






http://www.iras.gov.sg/irasHome/page.aspx?id=8996

Buyer's Stamp Duty (BSD)

Conveyance  Rates
Based on the purchase price or market value, whichever is higher

- Every $100 or part thereof of the first $180,000       $1.00

- Every $100 or part thereof of the next $180,000      $2.00

- Thereafter, every $100 or part thereof                      $3.00




HDB Resale    


2014年07月10日 1036           转售组屋价连续降五个月 上月跌0.6％


MAS NEWS

BANK LOAN

1st Property   80% Loan
2nd Property onwards     60% Loan


2012 Oct 6th :
first loan 80%    , 2nd loan onwards 60%
MAS Restricts Loan Tenure for Residential Properties





OTHERS

iProperty                   Resources



http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_743006.html


Citizens of five countries that have free trade deals with Singapore, including the United States and Switzerland, will be treated as Singaporeans for the purposes of the new stamp duty measures.
When they buy a private home, Americans, Swiss and nationals from Liechtenstein, Norway and Iceland will be treated the same as Singapore citizens, the taxman said in a guide on Wednesday.
This will enable them to avoid the new 10 per cent additional buyer's stamp duty that foreigners now have to pay when they buy a private home.
Free trade agreements usually ensure that a country's citizens are accorded certain trade protections when they are in the partner nation.




8th December 2011
New cooling measures effective tomorrow, 
all foreigners buying 1st home 13% stamp duty upfront. 
PR 2nd home, 6% stamp duty upfront. 

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