ABSD (Additional Buyer Stamp Duty) is different from SSD (Seller Stamp Duty). SSD is applied on Private Residential Property and Industrial property but excludes Commercial Property (eg. Office, Retail shop, Medical Suites) Seller Stamp Duty (SSD) for Private Residential Property was previously imposed for 4 years within property purchase however, it was reduced to a…
Demand for industrial warehouse space and modern distribution centers remains strong with London, Hong Kong and Singapore taking the lead industrial warehouse rental.
URA has stepped up their checks since last year on possible misuse of industrial space by breaching the 60 -40 rule. Even developers have not been spared the rod. Midview Development and Sin Soon Lee Realty are the two developers that have been warned. Both set up their office in a strata industrial building they…
INDUSTRIAL property prices fell unexpectedly in the last quarter of 2012 – the first decline in three years and a sign that caution is taking hold among investors. Prices fell 0.7 per cent compared with the previous three months after climbing for 12 straight quarters, according to the Urban Redevelopment Authority (URA) yesterday. Overall, the…
The government has announced the 7th round of property cooling measure since 2009 and it is the most comprehensive set of measures so far. These measures take an immediate effect from 12 Jan 2013.
Despite the governmental measures such as halving the maximum industrial land tenure to 30 years, and introducing restrictions on subdivision in selected sites and requiring strata units to be at least 150 sq m, prices of industrial properties continued to rise rapidly, with the industrial property prices increasing by 26.7% from Q1 –Q3, and rents…