Community shuttles to be rolled out in Punggol by the end of the year

8 hours ago

Punggol will be the first HDB estate to receive public driverless shuttles by year-end. The autonomous vehicles will bring residents to locations such as the nearby MRT station. Acting Transport Minister Jeffrey Siow, after a visit to China to study AV technologies, said the move is aimed at supplementing bus services and addressing manpower shortages in the public transport sector.

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CNA

36 minutes ago

Asia First - Thu 3 Jul 2025

02:25:20 Min From the opening bell across markets in Southeast Asia and China, to the biggest business interviews and top financial stories, tune in to Asia First to kick-start your business day.

Singapore private property owners who sell homes within 4 years must pay seller's stamp duty

CNA

an hour ago

Singapore private property owners who sell homes within 4 years must pay seller's stamp duty

SINGAPORE: Private property owners who sell their homes within four years will incur a seller's stamp duty, the Ministry of National Development (MND) announced on Thursday (Jul 3). The seller's stamp duty (SSD) holding period will increase to four years, up from three years. The SSD rates will also increase by 4 percentage points for each tier of the holding period, the ministry changes will take effect for all residential properties purchased on and after Jul 4, 12am. The revised SSD will not affect HDB owners due to the Minimum Occupation Period for HDB flats, MND said. The SSD is payable by those who sell a residential property within a specified period after purchase. In 2017, this period was reduced from four to three years, and the SSD rates were also reduced by four percentage points for each tier of the holding period, said MND. In recent years, the number of private residential property transactions with short holding periods has increased sharply. In particular, there has been a significant increase in the sub-sale of units that have not been completed, it added. Therefore, the government will revert to the pre-2017 SSD holding period of four years, and raise the SSD rates by four percentage points for each tier of the holding period, it said.

Higher foreign player quota in pro league may affect local football development: Analysts

CNA

an hour ago

Higher foreign player quota in pro league may affect local football development: Analysts

A move to raise the number of foreign players in Singapore's professional football league has sparked concerns that it will hamper the development of local players. Observers tell CNA that it may also benefit richer clubs more than others, potentially widening the gulf between them. Nadine Yeam with the details.