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Government Eases up On Seller Stamp Duty, Relaxes TDSR Rule For Retirees Needing Cash Loans

    Certain residential property measures related to the sellers’ stamp duty (SSD) as well as the total debt servicing ratio framework (TDSR) has been relaxed. However, there would still be no change to the additional buyers’ stamp duty (ABSD) charge, as well as the loan-to-valuation (LTV) limits. The SSD is currently payable by those who sell a residential property within 4 years of purchase, at rates of between 4% and 16% of the property’s value. The changes will see the SSD holding period cut to 3 years instead of 4Read More


The place to invest in Asia- Malaysia

1: Kuala Lumpur, Malaysia Good: Low transaction costs, high yields for luxury apartments, reforms improved rental market. Bad:High rental income tax, pro-tenant rental market. The economy is slowing, the ringgit is depreciating, and there’s a political scandal affecting Prime Minister Najib Razak. House prices in Malaysia continue to rise, but at a slower pace, and transactions are slightly down and residential construction activity is slowing. During the year to end-Q3 2015, the nationwide house price index rose by 5.43% (2.74% inflation-adjusted), down from an annual rise of 7.88% the previousRead More


Singapore Home Prices Slide by Most in More Than Seven Years

Singapore home prices dropped by the most in more than seven years as developers offered discounts amid signals from the government that it won’t roll back property curbs initiated in 2009. An index tracking private residential prices fell 1.5 percent in the three months ended Sept. 30 from the previous quarter, the biggest decline since June 2009. Prices fell for the 12th straight quarter, the longest streak of quarterly losses since prices were first published in 1975, according to preliminary data from the Urban Redevelopment Authority Monday. The head ofRead More