Covid-19 Updates: Businesses on a tight rope, fourth budget to cushion possible fall

Fortitude Budget at a glance (for businesses and workers) With Circuit Breaker measures set to end on the 2nd of June 2020, Singapore is taking a cautious and well-considered approach to reopening her economy for fear of a possible second resurgence…

Temporary Relief Measures for the Real Estate sector amidst COVID-19

With show flat previews, viewings and construction work ground to a halt amidst tight “Circuit Breaker” measures, the real estate market has begun to feel the tremors of the COVID-19 pandemic. On the 6th of May 2020, the MND released a statement…

More relief measures announced - Here’s how you can benefit from it

According to the recent financial report by Monetary Authority of Singapore (MAS), the nation’s economic status is headed for an unprecedented economic recession, with a predicted -4% GDP growth in 2020, potentially the worst hit since the…

New COVID-19 Measures: Deferring Your Loan Repayments

As Singapore braces for an inevitable economic crash landing, monetary cushions are being out to catch the fall. As of 7 April 2020, Singapore started lying low in her retreat against the virus, following strict restrictions on movement under…

Budget reliefs amidst Coronavirus panic: How does it affect you?

COVID-19, believed to be one of the worst economic contractions since Singapore’s independence has hit home hard. An economy that rose to its glory days due to her attractive social, economic and political climate now faces a very real threat.…

Updated Policy On The Use of CPF and HDB Loans

The government rolled out new rules regarding the use of the Central Provident Fund (CPF) and housing loan with effect from 10th May 2019. This provides property buyers with greater flexibility, without compromising the duration of their lease…

New property cooling measures announced: ABSD is raised, LTV tightened

In a joint press release by the Ministry of Finance (MOF), Ministry of National Development (MND) and the Monetary Authority of Singapore (MAS), it has been announced today (5th July 2018) that the Additional Buyers Stamp Duty (ABSD) rates will…

Singapore Private Residential Market: Going Forward in 2018

Coming off a rather intriguing year where the private residential market seemed to pick up momentum at the end of 2017, this year is poised to be one that embraces the whole impact of the recovery phase. The aforesaid momentum gained last year…

Budget 2018: Increase in Buyer's Stamp Duty

BREAKING: With effect from 20 Feb 2018, Buyer's Stamp Duty on residential properties more than $1 million will be increased from 3% to 4%.The BSD rate today ranges from 1% to 3%, and the new rate of 4% will be applicable to the portion of…

What are Singapore's latest property cooling measures?

Since 2009, you may have heard countless times about Singapore adopting several ‘property cooling measures’. Have you ever wondered what the hype is with cooling measures, and why are so many people concerned about them? Let’s face it,…