ABSD and SSD FAQ

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…

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First drop in industrial property prices in 3 years

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…

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The next big makeover: Defu Industrial Estate

The shabby and rambling Defu Industrial Estate is all set to be transformed into a gleaming, modern industrial park – with five times the current factory space and a city centre by its side. The initial phase is expected to cost $1.3 billion. The transformation will take place over the next 15-20 years, with existing…

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Speculation in commercial properties rises.

Owners hold commercial, industrial units for barely three months before flipping them. SPECULATION seems rife in the strata- titled commercial and industrial property sectors with many new units being held for barely three months before they are flipped. Commercial units launched this year are being held for only an average of 60 days before being…

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