[Update on 9 May 2024: IRAS to claw back S$60 million from private property buyers who used ’99-to-1′ scheme to reduce ABSD] The Singapore tax authorities known as Inland Revenue Authority Singapore (IRAS) launched an audit of private property purchases in April 2023. Their focus: 99-to-1 property ownership in Singapore that has been used as a … Read more
With the RTS station in Bukit Chagar slated to finally be completed soon, Singaporeans rushing to snap up properties around the vicinity have made the headlines over the past few weeks. Many might think they are late to the game, but there are still endless perceived opportunities. New projects are slated to be completed as … Read more
Owning a piece of real estate seems to be an obsession for many Asians. Perhaps this is because owning a property can satisfy 3 needs – the need for having shelter, the need for satisfaction and achievements, and the need for investing. As property prices in Singapore become more and more out of reach, many … Read more
Buying a HDB is not “up only”. Firstly, it’s possible to make a loss on your HDB flat. Secondly, even if you breakeven, you may not end up with any cash in hand. In fact, earlier this year, the Business Times reported that more people were not able to fully repay CPF after selling their … Read more
With private property prices nearly doubling since 2009 and increasing by 30% in five years, we wonder if private property is still affordable. Prices for property in both public and private housing markets are currently at an all-time high. Having high prices is one thing, but it is not as much of an issue if … Read more