When purchasing property in Singapore, the most significant decision is between leasehold and freehold. This debate has been ongoing for generations, with many people, especially older generations, traditionally favouring freehold properties due to their infinite...
With mortgage rates in Singapore likely to fall due to US Federal Reserve cuts, borrowers are wondering whether to opt for fixed-rate or floating-rate loans. While waiting for lower floating rates is tempting, our team recommends considering a 2-year fixed rate...
What is Stamp Duty? Before we delve into the specifics of buyer stamp duty and additional buyer stamp duty in Singapore, it’s crucial to grasp the basic concept of Stamp Duty. Stamp Duty is a tax imposed on documents linked to the acquisition or leasing of...
“WEALTH” TAX You might have heard your friends talking about the latest property tax increase unveiled on 18th Feb 2022 by our Singapore Finance Minister. Or perhaps you saw it on the news or social media. The first question that might have hit you was – how does that...
On 19 Feb 2018, the ministry of finance announced the increment of buyer stamp duty by 1% for residential property exceeding S$1,000,000 in value. Here are the changes: Before 20th Feb Buyer Stamp Duty (Old Rate) After 20th Feb Buyer Stamp Duty (New Rate) First...
