Property

Nine new precincts participate in pilot Business Improvement District (BID) programme

Nine new precincts will be participating in the Urban Redevelopment Authority’s (URA) pilot Business Improvement District (BID) programme to drive place management of their precincts. Announced at the annual Place Management Seminar organised by the URA, Minister for National Development and Second Minister for Finance Lawrence Wong stated that with more active participation by stakeholders, the public can look forward …

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6 gimmicks agents use to sell foreign properties

I watched a recent Hong Kong TV programme about buying properties in Malaysia’s Penang. It was a big surprise to see real estate in Penang being positioned as investment properties. To Hong Kong people, Penang is a beach holiday destination in Southeast Asia similar to resort places like Phuket or Bali. Foreigners go there to buy their holiday or retirement …

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Do you own your HDB Flat? That’s not the real issue

by PropertyAsiaDirect Do you own your HDB flat or are you merely a lessee? This has resurfaced as a hot button topic in recent weeks. Here is a summary of the main arguments to each camp, with some counter-arguments. Why HDB Flat Buyers are OWNERS HDB flat buyers have the right to sell, rent and renovate their flats, within HDB …

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Forest City proves buying an overseas home is to buy a cat in a sack

Malaysia leader Mahathir Mohamad organized a five-day official visit to China. Besides asking China to withhold two major Chinese infrastructure projects, an agreement was reached to directly import the whole fruit of Malaysian durians to China. As early as 2019, thousand tons of Mao Shan Wang will be exported to different provinces in mainland China. Foreigners are not welcome While …

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No prohibition on foreign buyers, says Johor’s Forest City project developer

The developer of the US$100bil Forest City residential project in Johor has disputed claims that Malaysian Prime Minister Dr Mahathir Mohamad had announced that the Government will bar foreigners from purchasing homes in the project. In a press statement yesterday (27 Aug), Country Garden Pacificview suggested that the Prime Minister's remarks might have been "taken out of context". The property …

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Launch of tender for a white site at Pasir Ris Central

A "white site" at Pasir Ris Central was launched for sale by public tender today under the Confirmed List of the 2nd Half 2018 Government Land Sales (GLS) Programme. In a press release on Monday (27 August), the Housing & Development Board (HDB) stated that the site is proposed for a mixed-use development which will comprise a commercial and residential …

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How to calculate Property Tax and Annual Value

Inland Revenue Authority of Singapore

By Si Jie, Property Tax Singapore: Singapore has one of the highest home ownership percentage around the world. Around 9 in ten Singaporeans own a property in Singapore. As a home owner, you are obligated under Singapore law to pay for property tax on 31st January every year. When you first bought your property, did you consider how property tax would …

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HDB flat buyers should be aware that they are “lessees, not owners”, says renowned real estate agent

Licensed real estate agent with International Property Advisor Pte Ltd and co-founder of HugProperty.com, Mr Ku Swee Yong, has recently advised Singaporeans to shed archaic notions and preconceptions regarding ownership of residential property in Singapore, particularly that of Housing and Development Board (HDB) flats. He argued that it would be more beneficial for Singaporeans to "acknowledge that HDB flat buyers …

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Dashing someone’s property dream – Oops I just did it again

Do you notice what independent bloggers have in common? That’s what we call “independent” Firstly, they are expressive. They naturally feel and speak stronger than average people. Think actors and actresses who usually have big eyes to express their emotions clearly on big or small screens. Independent bloggers are also more suggestive and opinionated. You can’t be a thought leader …

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