HDB has launched a property listing portal (HDB Flat Portal), allowing owners and property agents to list HDB flats for sale. Initially, this service will be offered free of charge. This topic is particularly significant for Singaporeans, as the majority reside in HDB flats, which often represent the largest asset in a household. Additionally, this … Read more
The night is always darkest before the dawn. Although I am not entirely sure that it is now dawn for the Hong Kong market, I must admit that it has been a boon for those accumulating beaten-down Hong Kong blue chips. It would have been an easy 15% gain at least since the entire Hang … Read more
OCBC has announced an offer to buy the remaining 11.56% stake in Great Eastern that it does not own, at S$25.60 per share. The deal will be worth S$1.4 billion. The more interesting question is, why now? It’s not as if OCBC lacked funds. In fact, its recent quarter’s net profit was a record S$1.98 … Read more
[Update on 9 May 2024: IRAS to claw back S$60 million from private property buyers who used ’99-to-1′ scheme to reduce ABSD] The Singapore tax authorities known as Inland Revenue Authority Singapore (IRAS) launched an audit of private property purchases in April 2023. Their focus: 99-to-1 property ownership in Singapore that has been used as a … Read more
[Update on 9 May: The 20:1 share consolidation went ex-entitlement on May 7, with the record date on May 8.] Seatrium has received in-principle approval to undertake a share consolidation of every 20 existing share into 1 ordinary share. If you’re a Seatrium shareholder, you may be wondering what is going on, is this good … Read more