Comment on Wealth tax Singapore: How it could affect the property market by Edmund Chua

IRAS doesn't need to do much; all they need to do, is to add 1 more layer of 5% for Buyer Stamp Duty BSD for amount above (says) $1.5M, a threshold for almost all HDB properties but decent sum for private properties. Ie, no change on BSD for properties below $1.5M (says) but 1% more collections for amount above. BTW, they had done the same in Feb 2018, without much fanfare.

How the CPF accrued interest can affect your property sale proceeds

Singaporeans are viewed as a practical and savvy bunch, right? When it comes to selling our house (whether it’s an HDB flat or condo), most of us prefer to receive the sale proceeds in cash, rather than having it go into our Central Provident Fund (CPF) accounts. In this article, we’ll show you how much...

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Creating opportunities for himself: Hugo Xu is building a winning team

Hugo Xu, Senior District Director at Huttons started his journey into real estate as early as 2007 fresh after completing his National Service. Hugo worked as a part-time property agent while he was still in university. He was able to fund both his studies and living expenses on the part-time income he generated, and gain...

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With cooling measure restrictions, would buying overseas properties be viable?

Hot on the heels of every cooling measure announcement in Singapore, the recent one being 16 December 2021, some of you may see e-mailers promoting overseas property projects trying to get your attention. Ever since December 2011, when the first ABSD was introduced (3% for PRs and 10% for foreigners buying their 2nd properties), and...

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