Singapore's Higher Stamp Duties a Negative Surprise for Property Market -- Market Talk

Dow Jones2023-02-15

0716 GMT - Singapore's higher stamp duties announced in the budget are a negative surprise for the property market, says OCBC Investment Research's research team. Residential properties valued more than S$1.5 million and up to S$3 million will be taxed at 5% while those in excess of S$3 million will be taxed at 6%, up from 4% currently. Increased stamp duties could affect affordability of homebuyers, particularly in the higher interest rate environment, the team says in a report. However, there are selective opportunities within Singapore's property sector that are better placed to withstand high rates and 'vagaries' in the macroeconomic environment, they say. OCBC's preferred picks are CapitaLand Ascendas REIT, CapitaLand Ascott Trust, CapitaLand China Trust, CapitaLand Integrated Commercial Trust, Frasers Logistics & Commercial Trust and UOL Group. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

February 15, 2023 02:16 ET (07:16 GMT)

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However, there are selective opportunities within Singapore's property sector that are better placed to withstand high rates and 'vagaries' in the macroeconomic environment, they say. OCBC's preferred picks are CapitaLand Ascendas REIT, CapitaLand Ascott Trust, CapitaLand China Trust, CapitaLand Integrated Commercial Trust, Frasers Logistics &amp; Commercial Trust and UOL Group. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 15, 2023 02:16 ET (07:16 GMT)\n</p>\n<p>\n  Copyright (c) 2023 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore's Higher Stamp Duties a Negative Surprise for Property Market -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore's Higher Stamp Duties a Negative Surprise for Property Market -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-02-15 15:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0716 GMT - Singapore's higher stamp duties announced in the budget are a negative surprise for the property market, says OCBC Investment Research's research team. Residential properties valued more ...</p>\n\n<a href=\"http://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6082","symbol_name":"工业房地产投资信托","start_time":0,"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2311912051","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2311912051","pubTimestamp":1676445360,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0716 GMT - Singapore's higher stamp duties announced in the budget are a negative surprise for the p","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6082":"工业房地产投资信托","BK6512":"房地产股","BK6089":"酒店及度假村房地产投资信托","BK6098":"多样化房地产活动","U14.SI":"华业集团","AU8U.SI":"凯德商用中国信托","HMN.SI":"凯德雅诗阁信托","BK6011":"零售业房地产投资信托","IE00BSPPW651.USD":"NEUBERGER BERMAN GLOBAL REAL ESTATE SECURITIES \"A\" (USD) ACC","BUOU.SI":"星狮物流工业信托","BK6523":"ESG概念","A17U.SI":"凯德腾飞房产信托","C38U.SI":"凯德商用新加坡信托"},"translate_title":"新加坡提高印花税是房地产市场的负面惊喜——市场对话","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"A17U.SI":0.9,"AU8U.SI":0.9,"BUOU.SI":0.9,"C38U.SI":0.9,"HMN.SI":0.9,"U14.SI":0.9},"content_text":"0716 GMT - Singapore's higher stamp duties announced in the budget are a negative surprise for the property market, says OCBC Investment Research's research team. 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