Category Archives: Real Estate Regulation

Additional Buyer’s Stamp Duty For Private Property From 8 Dec 2011

SINGAPORE: The government has imposed an Additional Buyer’s Stamp Duty (ABSD) for private property of between 3 per cent and 10 per cent for Singaporeans, Permanent Residents and foreigners to moderate investment demand for private residential property and promote a … Continue reading

Posted in Real Estate Regulation | Leave a comment

URA Proposes Property Regulatory Changes

SINGAPORE: Seven key regulatory changes to the property sector have been proposed by the Urban Redevelopment Authority (URA). These are aimed at making the industry more transparent and to raise protection for home buyers. This follows last week’s announcement by … Continue reading

Posted in Real Estate Regulation | Leave a comment

URA Releases Pioneer Rd Sales Conditions

SINGAPORE: The Urban Redevelopment Authority (URA) has released on Friday the detailed sales conditions for an industrial site located at Pioneer Road North. It has a site area of about 1.7 hectares and a maximum permissible gross plot ratio of … Continue reading

Posted in Real Estate Regulation | Leave a comment

611 Real Estate Salesperson Applications Rejected

SINGAPORE: The Council for Estate Agencies (CEA) has rejected 611 individuals applying to be real estate salespersons. In a written reply to a parliamentary question, National Development Minister Mah Bow Tan said 392 were rejected as the applicants had neither … Continue reading

Posted in Real Estate Regulation | 1 Comment

South Korea Freezes Key Rate Despite Inflation Fears

SEOUL: South Korea’s central bank left its key interest rate unchanged on Friday despite official concerns about inflation. Bank of Korea governor Kim Choong-Soo and his fellow policymakers froze the benchmark seven-day repo rate at 2.75 per cent, following a … Continue reading

Posted in Real Estate Regulation | Leave a comment

US Unveils Housing Market Overhaul

WASHINGTON: The Treasury Department proposed Friday to set a mandatory 10 percent down payment for US home buyers and to wind down state-backed mortgage lenders that have underpinned the housing market for 40 years. “The plan is for fundamental reform, … Continue reading

Posted in Real Estate Regulation | Leave a comment

New Housing Guidelines Developed For Tianjin Eco-City

TIANJIN, China: New housing guidelines have been developed for the Tianjin Eco-city, which is a joint collaboration between China and Singapore. Under the new framework, at least 20 per cent of residential units will be set aside for public housing. … Continue reading

Posted in Real Estate Regulation | Leave a comment

Property Curbs Are Calibrated, Targeted And Pre-emptive

SINGAPORE: National Development Minister Mah Bow Tan said the latest property cooling measures were not meant to crash the market. He described them as “calibrated”, “targeted” and “pre-emptive”. Mr Mah was speaking to reporters at a community event on Saturday. … Continue reading

Posted in Real Estate Regulation | 1 Comment

More Property Market Measures Announced

SINGAPORE: The government has announced more measures to maintain a stable and sustainable property market. From Friday, the holding period for imposition of Seller’s Stamp Duty (SSD) will be raised to four years from the current three. The following  SSD … Continue reading

Posted in Real Estate Regulation | 1 Comment

Property Agents’ Application Period Extended

SINGAPORE: The Council for Estate Agencies (CEA) said it would allow estate agencies and property agents, with pending submissions or whose applications are not in order, to act provisionally till the end of this month. Some 813 property agents and … Continue reading

Posted in Real Estate Regulation | Leave a comment