According to figures released by the Inland Revenue Authority of Singapore (IRAS) on Nov 28, HDB flat owners will pay lower property tax in 2017 while almost all private residential property owners will see lower or no change in their property tax.
The tax savings for HDB flat owners range from 13. 1% to 51% in 2017, compared to this full year.
Owners of one-, two-room and some three-room HDB flats shall continue to be exempt from property tax. Three-room flat owners will pay up to $18. 40 next year, down from a maximum of $37. 60 this full year. Four-room flat owners will pay between $52 and $100, down from $71. 20 to $119. 20 this full year. Five-room flat owners will pay between $83. 20 and $131. 20, down from this year’s $104. 80 to $152. 80.
Owners of executive flats will pay between $95. 20 and $143. 20, down from this year’s $116. 80 to $164.
Karamjit Singh to leave JLL’s residential staff
Real estate agency JLL has got announced that Karamjit Singh will probably be leaving his position when Head of Residential to pursue his own gumptiouspioneering, up-and-coming interests.
He may continue to indicate JLL and the clients about major non commercial capital marketplaces transactions in the new ability as mature consultant with effect via January 2017.
Following Mister Singh’s complete, Tan Hong Boon and Yong Choon Fah is going to take on the daily running of this residential left arm of the firm’s Singapore capital markets organization.
Tan Hong Boon, Local Director, and Yong Choon Fah, Nationwide Director, JLL Singapore capital markets, currently have each near to 30 years’ consultancy, purchase sales and collective product sales experience. We were holding both area of the management of Credo Property and linked JLL with Mr Singh in 2012.
Singh joined JLL in 2012 if the consultancy got his firm Credo Property. Deals determined by Dogma Real Estate are the $1. 338 billion Farrer Court sales in 3 years ago, the largest communautaire sale in Singapore’s background.
JLL has got advised a lot of significant bargains under Singh’s leadership likewise, including the communautaire sales of Shunfu Patrie ($638 million), Thong Tanto Building ($380 million), Raintree Gardens ($334 million), NOL Building ($380 million), a portfolio of three Orchard Road dwellings ($190. your five million) and 9 Cuscaden Road ($145 million). In 2016, JLL achieved a great 84% business of significant private non commercial land and en agr�gat deals.