Hongbaos and taxes: 8 things you need to know about Budget 2018

SINGAPORE: Finance Minister Heng Swee Keat ended his 2018 Budget speech on a “prosperous” note with the handing out of a one-off SG Bonus to Singaporeans, but he also warned of coming tax hikes that are needed to finance the country’s greater spending in the next decade.

How will Singaporeans and Singapore businesses be affected by the measures Mr Heng announced on Monday (Feb 19)?

Here is Channel NewsAsia’s quick guide to the major Budget announcements:

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Budget 2018: Proximity Housing Grant enhanced, more singles eligible

Singapore — The Government will enhance the Proximity Housing Grant (PHG) to give more support to family members who want to live with or near each other, Finance Minister Heng Swee Keat announced in his Budget speech.

Source: channelnewsasia.com

 

GIC steps up investment in real estate

Singapore — The Singapore sovereign wealth fund is expected to invest more in real estate going forward as the returns are higher than other fixed income assets such as government bonds, experts say.

Source: channelnewsasia.com

 

 

How to Tell If You’re Financially Compatible With Your Partner

Whether you’re casually dating, moving in together, or married, you and your partner have to be sure you’re not just compatible in terms of personality but also financially. Is your partner a saver or a spender? How seriously do they take debt? Do they have a monthly budget? Here’s how to tell if you’re financially compatible with your partner.

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Location Guide & Analysis – HDB BTO Launch February 2018

Location Guide & Analysis – HDB BTO Launch February 2018 (Geylang, Tampines, Woodlands, Choa Chu Kang)

By Timothy Ho, via dollarsandsense.sg

With more than 3,600 flats on offer, the first Build-To-Order (BTO) launch for 2018 is likely to attract Singaporeans looking to own their first home, or seeking an upgrade.

The best part about the upcoming February 2018 launch is that regardless of whether you prefer the eastern, northern or western regions of Singapore, there is a location available for you.

If you aren’t sure of what you need to know before choosing a BTO flat, do read our handy Step-By-Step Guide To Buying Your First BTO Flat first.

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More than 4,300 new flats launched in first HDB sales exercise of 2018

SINGAPORE: A total of 4,381 new flats were launched for sale in the Housing and Development Board’s (HDB) first sales exercise for the year.

The flats include 3,664 Build-to-Order (BTO) units and another 717 units under the Re-offer of Balance Flats exercise, HDB said in a press release on Tuesday (Feb 6).

The BTO flats will be spread across two projects in Choa Chu Kang and Woodlands, and another three projects in Geylang and Tampines.

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3 Ways Your Tenants Might Abuse Your Property When You Rent it Out

By Joanne Poh, via moneysmart.sg

You’ve spent the better part of your life paying for this property, which is as much an asset as a home to you. So of course, you’re determined to make as money as possible by renting it out.

But whether you’ll be renting out one room while continuing to live in the unit or leasing out the unit in its entirety, the last thing you want is to survey the place when your tenants have moved out, only to discover that the repairs you’ll need to pay for will take a huge chunk out of the rent you’ve received.

Whether you wish to maintain a friendly relationship with your tenant or let your agent handle everything, here are some things to beware of when renting out your property.

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