This is because the additional buyer’s stamp duty does not apply to first-time buyers and so they can choose to hold their property in any manner. Read more at straitstimes.com.
SINGAPORE - Home loan rates in Singapore on Tuesday hit as high as 3.85 per cent, a level not reached in many years UOB fired the latest salvo in raising home loan rates, launching two-year fixed rate packages at 3.75 per cent per annum and three-year fixed packages at 3.85 per cent per annum. The rates are 0.77 percentage points.
Singapore News - DBS Bank launched two new home loan packages on Thursday, one targeted at Housing Board flat owners. One of the deals allows new and existing owners of HDB flats who earn less than $2,500 a month to take out a mortgage from POSB, which is part of DBS Group, at an interest. Read more at www.tnp.sg
U.S. law firm McDermott Will & Emery has continued to expand its newly established Singapore office after hiring four lawyers specializing in investigations and compliance from Sidley Austin, including partners Yuet Ming Tham and Shu Min Ho. Tham will join as Singapore managing partner.