Singapore

Singapore's economy expanded at a record 14.7 percent in 2010, Prime Minister Lee Hsien Loong said Friday, in a sharp recovery from last year's recession for the city-state.

More than 400 senior-level executives from the corporate and commercial real estate (CRE) industry around Asia will gather in Singapore on March 23 - 25, 2010 to examine various trends and contradictions that impacted the global economy in 2009.

BUYERS of non-subsidised HDB resale flats must now occupy their flats for at least three years before they can sell, under new rules unveiled yesterday.

Singapore´s Budget 2010 brought interesting news for the property sector – the progressive property tax for all owner-occupied residential properties. Under this structure, those who have properties with an Annual Value (AV) exceeding S$77,000 will see an increase in their property taxes; this equates to a mere 3 percent of private property owners or 0.4 percent of all property owners in Singapore. This, of course, pertains to those high-end property owners.

HOUSING is a perennial hot topic of discussion, especially in Singapore where it touches almost every segment of society - from the low to middle income in public housing to the middle and higher income aspiring to upgrade to private property.