Singapore Real Estate / Built Environment
Government raises seller stamp duties on residential properties to curb rise in ‘flipping’
The government moved to curb rising speculative buying in Singapore’s residential property market, increasing the seller’s stamp duty (SSD) rates by four percentage points and extending the holding period that SSD applies from three to four years.
https://www.zaobao.com.sg/news/singapore/story20250704-7071587?ref=today-news-section-card-1
Selling or Disposing Property-Holding Entities
[IRAS e-Tax Guide] Stamp Duty: Additional Conveyance Duties on Property-Holding Entities (Eighth Edition)
The Additional Conveyance Duties for Sellers (ACDS), which applies to qualifying dispositions of equity interest in property holding entities, will be raised from 12% to 16% where the equity interest is acquired on or after 4 Jul 2025 and disposed within 4 years from the acquisition date.
193ha of land off Changi to be reclaimed for aviation park; area reduced to save seagrass meadow
About 193ha of land off Changi will be reclaimed to develop an aviation park, with adjustments made to protect one of Singapore’s largest seagrass meadows, The Straits Times has learnt.
Healthcare facility planned for site of Ang Mo Kio Public Library after it moves to AMK Hub
The site of Ang Mo Kio Public Library is set to house a healthcare facility after the library moves to AMK Hub shopping mall in 2026. In response to queries from The Straits Times, a spokeswoman for Link Asset Management, which manages AMK Hub, said the library will be located on the fourth storey of the mall, without elaborating.
https://www.zaobao.com.sg/news/singapore/story20250703-7069058
Singapore News
Businesses cannot bank on tariff rollbacks to come with political transition; higher costs to stay: DPM Gan
Enterprises must be prepared for lasting US tariffs and higher export costs to the world’s largest economy to endure, rather than counting on the levies to end with a change in administration after four years.
Johor-Singapore Special Economic Zone could get power-up with Indonesia’s Bintan, Batam, Karimun
The age-old vision of the Sijori growth triangle comprising Singapore, Johor, and the Riau Islands of Indonesia that was first proposed some three decades ago may be getting a jumpstart.
https://www.youtube.com/watch?v=L2xeGZXjZe4
Minister Chee Hong Tat : Urban carbon emissions can also promote sustainable energy solutions
Cities may be the biggest culprits for carbon emissions, but they can still play a positive role in driving the adoption of sustainable energy. The 14th Mayors Forum of the World Cities Summit was held in Vienna, the capital of Austria.
https://www.zaobao.com.sg/news/singapore/story20250703-7070358
Latest Singapore six-month T-bill cut-off yield down at 1.85%
The cut-off yield on Singapore’s latest six-month Treasury bill (T-bill) tumbled to 1.85 per cent, based on auction results released by the Monetary Authority of Singapore on Thursday (Jul 3).
Other News
1 in 4 appeals to waive HDB wait-out period for private home owners approved since Sept 2022
About one in four appeals from private property owners seeking to bypass the 15-month wait-out period to buy a Housing Board resale flat has been successful, the Housing Board said.
Citizen children aged 12 and below will receive a $500 childcare LifeSG voucher starting next week
To support families with children, Singaporean children aged 12 and below will receive a one-off S$500 SG Life Aid Voucher this month; young people aged 13 to 20 will also receive a S$500 top-up through their education savings account or post-secondary education account.
https://www.zaobao.com.sg/news/singapore/story20250703-7069949
Global Economy / Real Estate News
Oil prices ease on US tariff uncertainty ahead of expected Opec+ output boost
Solid US job growth masks weakness underneath
https://www.businesstimes.com.sg/international/solid-us-job-growth-masks-weakness-underneath
US hiring beats expectations in June despite tariff worries
World’s biggest Legoland adds to China’s amusement park glut
Europe: Shares advance as markets take US jobs data in stride
Hong Kong property market ‘resilient and fundamentally sound’ as sales hit 7-month high
BlackRock sees growing client push to diversify from US assets
Hong Kong retailers under strain as changing trends drive store closures
Hong Kong ‘tourism hotspots’ show promise, now to ensure visitors come and stay
BOJ should resume rate hikes after pause, board member Takata says
Japan May household spending rises faster than expected
https://www.channelnewsasia.com/business/japan-may-household-spending-rises-faster-expected-5219766
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