Singaporeans can start claiming SG60 vouchers in July, valid until Dec 31, 2026

2 days ago

Singaporeans aged 60 and above can claim S$800 worth of SG60 vouchers from today. Those aged between 21 and 59 can claim S$600 worth of vouchers from Jul 22. About 3 million adults are eligible for the vouchers, which are valid until Dec 31, 2026. The SG60 vouchers can be used at heartland merchants, hawkers and supermarkets that accept CDC vouchers. Charlotte Lim reports.

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CNA

4 hours 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

5 hours 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

5 hours 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.