Daily Cuts – Reviewing the HDB listing portal, one week on
It’s been a week since the launch of the new HDB Resale portal site. Asia First’s Andrea Heng and Hairianto…
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New BTO Classification: Will My HDB Flat Be More Affordable? – Forum | Talking Point
Build-to-Order (BTO) flats in Singapore will be reclassified as “Standard”, “Plus” and “Prime” flats, from the second half of 2024. This would replace the existing “mature” and “non-mature” labels. What does this mean to you? And how far can it make our flats more affordable? Steven Chia brings your questions on homeownership affordability, BTO wait times, and housing aspirations of Singaporeans to his panel of experts, in a special Talking Point Forum.
Money Talks: Why a BTO flat is the top choice for young home buyers
Multiple failed attempts to secure a Build-To-Order (BTO) flat and at least a 4-year wait are reasons cited by some home buyers for turning to the resale market. But with resale flat prices at record levels, should home buyers reconsider their options? Property agent Jooann Tay weighs the options on this episode of This or That, a limited series on the Money Talks podcast.
New property cooling measures: Additional buyer’s stamp duty doubled to 60% for foreigners
Singapore is taming its red-hot property market to give priority to locals wanting to buy their first homes. The additional buyer's stamp duty (ABSD) was raised overnight. The tax doesn't apply to Singaporeans getting their first property. But for a second property, they must fork out 20% of ABSD, while a third property will add 30% in taxes. Foreign buyers are the most affected. They now pay 60% of stamp duties for any purchase -- double the previous 30%.
Less than 1% of private home transactions in Singapore use 99-to-1 arrangement: Finance Ministry
Tax authorities have detected a small but rising number of such property transactions in recent years.
Commentary: This bullish property market will not last forever
Unlike sellers who enjoyed significant capital gains post-pandemic, new home owners must raise the upfront cash and CPF required for a property purchase, or participate in a competitive rental market, says real estate agent Jooann Tay.