Foreign ownership of landed homes here is set to be tightened, four years after the Residential Property Act was last revised. The latest changes to the law, tabled yesterday in Parliament, include more stringent penalties and come at a time when residential property prices have risen significantly while some fines and jail terms have been the same since 1974. The newest requirement is for Singaporeans...
Foreigners
They form biggest group of foreign purchasers there this year; many snap up landed homes BUYERS from China now comprise the largest group of foreign buyers in the exclusive residential enclave of Sentosa Cove. In the first half of this year, Chinese buyers accounted for nearly a third of all foreign buyers - well up from 18 per cent for all of last year and just 7 per cent in 2008, according to a new DTZ...
But acquisitions of private apartments and condos slip 7.4% in Q2 Foreigners including permanent residents bought 81 landed homes in Singapore in the second quarter of this year, up from 69 in Q1. And the Q2 figure is the strongest quarterly showing since Q2 2007, according to Knight Frank's analysis of URA Realis caveats information up to July 30. District 15, which includes Katong, Telok Kurau and East...
Singapore continues to offer the best living environment for Asian expatriates. This is according to the latest Location Ratings for expatriate living conditions published by ECA International. This is the 11th year in a row that Singapore has held pole position. ECA International's Location Ratings system is used to assist international HR departments to establish expatriate allowances which compensate...
EXPATRIATES in Singapore feel fairly secure about staying here despite the global economic downturn. A recent global survey by HSBC has shown that 91 per cent of 192 expatriates living in Singapore said that they have not considered returning home despite the downturn. This is higher than the global average of 85 per cent, said HSBC in its annual "Expat Explorer" survey released yesterday. More than...
SINGAPORE’S drive to become an education hub is providing a form of support for the home leasing market. According to property and student agents, more international students in Singapore are turning to condominiums for accommodation even as the more traditional hostels and HDB flats remain in hot demand. The influx of foreign students has visibly strengthened since the Economic Development Board...
Proportion of buyers with an HDB address looks set to increase WITH foreign buyers pulling out of Singapore's property market on the back of deteriorating global economic conditions, Housing Development Board upgraders are forming an increasingly important group of buyers here. According to a recent DTZ analysis of private property caveats lodged in the third quarter, purchasers with HDB addresses make...
Make it easier for expatriates to buy houses they can live in WITH Singapore's safe track record and attractions, such as the two integrated resorts to be completed in a couple of years, this is the best time to attract more foreign entrepreneurs to Singapore. But not all foreign entrepreneurs can afford or are willing to pay for high-end condominiums as some may prefer to put more money into their...
Fast disappearing are the generous perks offered to people willing to relocate overseas for work stints EXPATS live the good life, according to popular perceptions. Company-provided housing in Districts 10 or 11, children’s school fees, cars, home leave and more do indeed make the expat lifestyle alluring. A predominance of Western and North Asian expats in past years has given way to ever more...
Singapore will introduce a new Long Term Pass (LTP) card to all foreigners residing in Singapore on Student’s Pass (STP), long term visit pass, Employment Pass (EP) and Dependant’s Pass. The move is part of the government’s initiative to enhance the national security of the country, said the Immigration & Checkpoints Authority (ICA) and the Ministry of Manpower (MOM) in a joint statement on...