Most home owners to pay less property tax next year

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HDB flat owners will see tax savings of 9 to 24 per cent, and more than 80 per cent of private home owners will see savings of between 3 and 20 per cent, says the Inland Revenue Authority of Singapore.

SINGAPORE: Most home owners here will pay less property tax next year compared to the amount paid this year, said the Inland Revenue Authority of Singapore (IRAS) on Monday (Nov 30).

Owners of Housing and Development Board (HDB) flats will see tax savings of 9 to 24 per cent, while more than 80 per cent of private home owners with reduced annual values will see savings of between 3 and 20 per cent, IRAS said in a press release.

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In fact, all 1- and 2-room HDB flat owner-occupiers and 28,200 3-room HDB flat owner-occupiers will not have to pay any property tax when the revised annual values take effect from Jan 1 next year, it added.

Property tax is a tax on property ownership and it is payable on all properties regardless of whether the property is rented out, owner-occupied or left vacant, IRAS said.

Source : http://www.channelnewsasia.com/news/singapore/home-owners-to-pay-less/2304868.html

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More benefit from housing policy changes in Nov sales exercise: Lawrence Wong

The November launch of 12,411 new flats has received a “healthy response” amid policy changes such as higher income ceilings and enhanced grants, says the National Development Minister.

SINGAPORE: The bumper launch of 12,411 new flats this month has received a “healthy” response, with more Singaporeans benefiting from recent housing policy changes, National Development Minister Lawrence Wong said on Thursday (Nov 26).

The policy changes include higher income ceilings, an enhanced Special CPF Housing Grant, as well as two-room Flexi flats for seniors.

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Capsule hotels, a growing trend in Singapore

First started in Japan in the 1970s to offer basic accommodation to tired businessmen, capsule hotels have been adopted and adapted around the world, including in Singapore.

SINGAPORE : Capsule hotels, which typically feature single beds housed in tiny pods stacked on top of one another, are growing more popular around the world.

In Singapore, new capsule hotels are set to open in Orchard Road and at the airport.

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OCBC Has Got a New Home Loan Package – Here’s Why the DBS FHR Should Be Worried

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By Peter Lin, moneysmart.sg

They say that imitation is the sincerest form of flattery. After all, your product must be pretty impressive if it’s going to get copied. We’ve heard of “brands” like “Johnnie Worker Black Labial”, “Pasunnic” and “PolyStation” being churned out on one side of the Pacific, and direct-to-video movies like “Avengers Grimm”, “Age of Tomorrow” and “Atlantic Rim” being filmed on the other side of the same Ocean.

Well, if that’s the case, here in Singapore, DBS should feel very flattered. It’s been slightly over a year since they introduced the DBS Fixed Deposit Home Rate (DBS FHR), their groundbreaking method of determining a home loan interest rate based on the fixed deposit interest rate. The response has been overwhelming. Concerns that the SIBOR would begin a much-dreaded rise dominated the news this year and customers looking for either new home loans or refinancing requests were quickly recognising the DBS FHR as a safer alternative.

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Strong demand for 4-, 5-room flats at Bidadari

According to data on HDB’s website, the five-room units are already more than six times subscribed as of 8.15pm on Wednesday (Nov 18).

SINGAPORE : Demand for four- and five-room flats at Bidadari estate near Toa Payoh has already exceeded supply, just a day after HDB launched its biggest-ever sale of new units on Tuesday (Nov 17).

Of the more than 12,400 flats on sale, more than 2,140 are at Bidadari. They range from two-room flexi to five-room units.

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For Sale – Sengkang HDB Flats

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SENGKANG HDB FLATS
HDB 4RM

  • 204B Complassvale Drive, Asking 380k+, Mid floor;
  • 227A Compassvale Drive, VTO, Nice, 102sqm
  • 295A Compassvale Crescent, Ask $360k+, High floor;
  • 301B Anchorvale Drive, Asking 370k+, High floor;
  • 318D Anchorvale Link, Ask $395k+, Mid floor;

HDB 5RM

  • 192B Rivervale Drive, Asking $460k, High floor;
  • 200B Senglang East Rd, Asking $470k, Mid floor;
  • 202C Sengkang East Rd, Asking $425k;
  • 260B Sengkang East Way, Asking $500k, Near MRT;

HDB Executive Apartment

  • 299B Compassvale St, Asking $545k, Mid floor, well-maintained;
  • 299C Compassvale St, Asking $545k, High floor;

For viewing, please contact:
Paul de Leon
Mobile: +65 8180 4136
Email: pauldeleon@dwg.com.sg
Dennis Wee Realty Pte Ltd
CEA Reg. No.: R019100D

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‘Bumper crop’ of HDB flats for sale launched

‘Bumper crop’ of HDB flats for sale launched | channelnewsasia.com

A total of 12,411 flats are up for sale – 7,061 BTO flats and 5,350 balance flats, including 2,139 units in the first housing projects in Bidadari, says HDB.

SINGAPORE: The “bumper crop” of Housing and Development Board (HDB) flats for sale under the November 2015 Build-To-Order (BTO) cum Sale of Balance Flats (SBF) exercise was launched on Tuesday (Nov 17), the agency announced.

The application period starts on Tuesday, and ends on Nov 26. Applicants can apply for only one flat type or category in one town under either the BTO or SBF exercise.

A total of 12,411 flats are up for sale – 7,061 BTO flats and 5,350 balance flats, including 2,139 units in the first housing projects in Bidadari, said HDB.

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