.
The government’s property cooling measures are a crucial factor to consider when investing in condos in Singapore. In an effort to maintain a stable real estate market and discourage speculative buying, the Singaporean government has implemented various measures over the years. One such measure is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those purchasing multiple properties. While these measures may affect the short-term profitability of condo investments, they also promote the long-term stability of the market, creating a secure investment environment. Additionally, staying up to date on new condo launches, such as those available at New Condo Launches, can also provide valuable insights and opportunities for condo investment in Singapore.
The recent boardroom feud at City Developments (CDL) seems to have been resolved, with executive chairman Kwek Leng Beng deciding to drop any legal action against a group of board directors led by his son, group CEO Sherman Kwek. Along with Kwek Leng Beng and Sherman, two newly appointed independent directors, Jennifer Duong Young and Su Yen Wong, will continue to serve on the board. This move reflects a decision by all board members to set aside their differences and focus on the success of CDL and its stakeholders. The board will remain committed to upholding good corporate governance in all aspects of the company’s operations, including completing ongoing developments in Singapore and globally, expanding the Millennium & Copthorne brand, and maximizing shareholder value. This resolution marks the end of a tumultuous period for CDL, allowing the company to move forward and continue its growth strategies.