Singapore's Property Cool Off Raises Tax Income

Category: Real estate, Posted:17 May 2013 | 06:00 am

Singapore's ongoing cooling off measures for an overheated property market will raise tax revenue by over S$1 million according to a report in The Straits Times.
In January of this year real estate purchases incurred an addition stamp duty tax of 15%.
Despite the move, which was meant to deflect speculation, has seen both local and foreign purchasers continue to eat up new development offerings.
Guess the scenario has created a win win for both the market and the government.

Other News

C9 Session Today On Phuket’s Wellness Sector for Hotels, Tourism and Real estate

Category: , Posted:27 Nov 2024 | 07:30 am There is still time to register for today’s C9 Session (Wednesday 27th November 2027, which will be held at the Amora Phuket Resort Bangtao. How is Longevity and a health-focused lifestyle changing the face of the wellness industry? Join us for a unique 90-minute learning session featuring experts from international medical wellness, tourism, resort and real […]

New Onyx and Equatorial JV Hotel for Kata Phuket

Category: Hotels|Real estate|Tourism, Posted:19 Nov 2024 | 09:27 am A new 180-room branded property, the EQ Phuket has been announced for Kata Beach. The property, which is located next to Club Med, was developed by a joint venture between Thailand’s Onyx Hospitality and Malaysia’s Equatorial Group. Investment into the project is THB2.5 billion (approximately USD72 million). Equatorial Group, a legacy Asian hotel group, has […]

Newly Released C9 Hotelworks On Niseko Tourism and Property Market Highlights Growth

Category: Hotels|Real estate|Tourism, Posted:15 Nov 2024 | 09:40 am Niskeo developers shifting to luxury land plots and custom homes as development costs rise is highlighted in the new C9 Hotelworks report –Niseko Tourism and Property Market Review 2024. Another key trend is that resort-grade developments’ market value reached USD2.3 billion in 2024, up 6% after a seven percent rise in 2023. Development projects across […]

More Insider News