Singapore's Property Cool Off Raises Tax Income
Category: Real estate, Posted:17 May 2013 | 06:00 am
Singapore's ongoing cooling off measures for an overheated property market will raise tax revenue by over S$1 million according to a report in The Straits Times.
In January of this year real estate purchases incurred an addition stamp duty tax of 15%.
Despite the move, which was meant to deflect speculation, has seen both local and foreign purchasers continue to eat up new development offerings.
Guess the scenario has created a win win for both the market and the government.
Phuket Hotels Association Online Travel Auction Now OpenCategory: Hotels, Posted:14 May 2023 | 09:56 am The annual non-profit Phuket Hotels Association Absolutely Fabulous Online Travel Sale is now up and running. CLICK With nearly 200 hotel travel and dining deals across Thailand, Asia the globe, all proceeds go to the education scholarship fund of PHA. Over 45 Thai hospitality students are now supported by the fund and these are the […]