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Singapore Moves To Chill Down Real Estate

Category: Real estate, Posted:27 Sep 2010 | 06:00 am

The Singapore Government is staging an intervention to slow down speculation amid growing concerns of a property bubble.
At the heart of the matter are concerns in the residential second home or investment sector. One of the key growth markets has been overseas buyers from mainland China which matches the trend felt in Hong Kong for the past few years.
Key moves are limitations on debt leveraging ratio's and a stamp duty penalty on property 'flippers' who only hold for one or two years before selling on and taking profit.
With interest rates remaining in a comatose state, anxious investors have been searching far and wide where to actually park money with a view to high returns.
Bangkok has also seen early warning signs of rampant speculation but for now the Government has been sidelined in domestic matters

Other News

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Thailand’s Sandbox Is Not A Quarantine

Category: Tourism, Posted:12 Jun 2021 | 10:45 am As we are 19 days away from Thailand’s Sandbox tourism reopening in Phuket, there continues to be a misunderstanding of the overall rules and the term quarantine is incorrectly used. Quarantine by definition is isolation, whereby Sandbox travelers will be able to move throughout their hotel, visit beaches, restaurants, shops etc. Remember Phuket is about […]
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C9 Hotelworks Releases New Krabi Report

Category: Hotels, Posted:07 Jun 2021 | 06:00 am Comparing major Southern Thai resort destinations, Krabi is one that historically balances well between the international and domestic markets. In the new Krabi Hotel Market Update from C9 Hotelworks, we take a look back at pre-Covid trading to examine from what point hoteliers hope tourism will upcycle towards recovery and what will the trends be. […]
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SHA Plus Program In Focus

Category: Hotels, Posted:06 Jun 2021 | 13:17 pm A key part of the upcoming Phuket Sandbox reopening process is the requirement for incoming international travelers to stay in an SHA Plus hotel for 14 days, or shorter if only visiting the island. Those who want to travel onward to other destinations in Thailand can proceed after a 14-day period. As travelers are scrambling […]