Where is Singapore real estate headed with the increased tax rate in 2022 vs 2024 and 300% increase in ultra-high net worths by 2026?

Market Update, Monday, 14 March 2022

Singapore’s government announced an increased tax bracket in Budget 2022. Taxes will almost double for both owner-occupiers and non-owner occupiers. Thus making them the most affected group. How much will it cost to have an Annual Value of $100,000 from your property? Would your $5 million property cost more in 2024 than a $500,000 property?

Find out in our latest segment:

While tax brackets are soaring, according to the latest news,

The higher tax rate focus on the wealthy and influentials. This means the increasing ultra-wealthy population in the country will have to pay more tax when they buy Singapore real estate. However, they are still finding Singapore real estate an excellent hub to invest their money. What might be the reason behind it? We covered a portion of it in our article last year.

While family offices may be the go-to for many ultra-high net worths, many of them are also interested in luxury units. But if you are looking for real estate with minimum tax impact, commercial properties are the sweet spot as they are the least affected group in regards to tax.

According to the latest news,

This is a testament to how commercial real estate in Singapore is the hotspot in the current market.

This week has also been Women’s International Day. Women are making strides in many fields globally. But how a real estate is a place for them to grow and thrive? Find out from Angeline Ding, a senior real estate expert,

The property market will be a revolutionary change with the impending property tax hike, inflation hike, and interest rate. This is a good time to invest in a valuable asset that will give a profitable return in the future as well as hedge your investment against currency devaluation.

To make a timely and impactful move, talk with me for any queries, concerns or one-stop solutions for property investment.

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