Everyone who buys real estate in Singapore is subject to Buyer’s Stamp Duty (BSD). On top of this, for residential properties, depending on certain criteria, buyers are to pay another tax called the Additional Buyer’s Stamp Duty (ABSD). The two taxes are computed based on the purchase price of the property or its market value, whichever is higher.
It has also been decided that a one-stop centre would be created under Motac to promote, filter and streamline MM2H applications.
Let’s face it, property prices are not about to drop just because the market clamours for it. While we do hear of the isolated fire sales on the secondary market, truth be told, I have yet to know of anyone who has managed to seal a hot deal.
The revised Budget 2023 was tabled earlier on Friday (Feb 24) by Prime Minister Datuk Seri Anwar Ibrahim. The budget themed “Menbangun Malaysia Madani” is aimed at helping the rakyat and boosting the economic prospects of the country.
Considering how evidently the pros outweigh the cons, the answer’s a no-brainer.
It is incredible how an attempt to improve the Malaysian public housing model, which is totally outdated and no longer feasible, could be viewed in a negative light.
If we do not innovate and try new ideas, we can never make progress.
he excesses of the past decade, the borrowing binge fuelled by ultra-low interest rates and liquidity, are coming back to bite us, no doubt.
With home prices outpacing real income growth, home affordability is a pressing issue that will not go away soon.
Developing properties in a sustainable manner and building real estate that stays sustainable through the years are not quite the same.
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