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Subscribe to this list via RSS Blog posts tagged in Inland Revenue Authority of Singapore IRAS

Summary of the Singapore Property Cooling Measures

Posted by Property Launch Invest on Tuesday, 29 April 2014 in Property News

This page aims at giving an overview of the current regulations regarding residential property transactions in Singapore, result of the 8 rounds of cooling measures made by the authorities since 2009.

Property Trends in Singapore for 2014 and beyond

Posted by Property Launch Invest on Sunday, 27 April 2014 in Property News

Suffice to say, the numerous property cooling regulations imposed by MND, URA, MAS, IRAS have done much to curb the speculative fever and more.

Background of Singapore's housing woes.

Less property tax for most owner-occupied homes in 2014

Posted by Property Launch Invest on Friday, 29 November 2013 in Property News

Most owner-occupied homes will pay less in property tax next year, the Inland Revenue Authority of Singapore said on Tuesday.

Under the new Progressive Property Tax Rates regime announced during Budget 2013, all owner-occupied HDB flats and three-quarters of owner-occupied private homes - or 95 per cent of owner-occupied homes - will see lower property tax bills.

Taking into account non-owner-occupied homes, 80 per cent of all homes will pay lower property tax next year.

Singapore population at 5.4m in June, up 1.6%

Posted by Property Launch Invest on Friday, 27 September 2013 in Property News

SINGAPORE'S population stood at 5.4 million in June, a 1.6 per cent rise from the previous mark of 5.31 million.

The increase, however, was the smallest growth in the past nine years, said the National Population and Talent Division in its annual Population in Brief report released on Thursday.

There was also some good news on the ongoing push to encourage Singaporeans to have more babies.

The resident total fertility rate increased from 1.2 in 2011 to 1.29 last year, with improvements seen across all ethnic groups.

Population growth

Source: BusinessTimes 26th September

New PRs 'likely to eye private homes under $1m'

Posted by Property Launch Invest on Monday, 23 September 2013 in Property News

Private homes costing under $1 million may now draw keener interest among Singapore permanent residents (PRs) who have held their residency status for less than three years, and who are now blocked from buying HDB resale flats, property consultants say.

They added, however, that the shift to the private property segment by this group of buyers is unlikely to raise the number of private-home transactions significantly.

The HDB resale market recorded 25,094 transactions last year. The HDB said a fifth of resale flats are bought by PRs.