Singapore Budget
Budget wrap-up: Wong says gov’t balances temporary reliefs, structural schemes
State social spending has quadrupled over the last 20 years.
Budget wrap-up: Wong says gov’t balances temporary reliefs, structural schemes
State social spending has quadrupled over the last 20 years.
DPM Keat champions S’pore as global-Asia node, roots for cross-border collab
He also outlined efforts to bolster the research, innovation, and enterprise ecosystem.
Winners of Singapore budget 2024: banks, tech, renewables
Players in consumer staples and manufacturing cheer as well.
Budget 2024 propels Singapore's investment-focused growth
Budget 2024 saw an “investment tilt” towards promoting green, human, and infrastructure investments.
Budget 2024: Who are the big winners of SG’s new measures?
Six sectors will benefit the most from the budget, according to an analyst.
Lower property tax to benefit most private owners
Singapore will likely see a 20%-30% lower property tax in 2025.
ABSD clawback has negligible impact to property developers: analyst
They are expected to retain the current playbook of selling as much stock upfront.
Singapore to stay attractive with refundable tax credit scheme, says KPMG
Cash payouts provide firms with greater flexibility to grow their businesses.
Singapore lowers ABSD remission clawback rate for projects with 90% units sold
This took effect on 16 February 2024.
Government to launch refundable investment credit
This will shoulder up to 50% of qualifying expenditures.
Singapore expands energy efficiency grant
The government also identified two tiers of support under the grant.
Budget 2024: Government raises annual value band property tax threshold
The lower threshold will be increased to $12,000.
Budget 2024: Singapore to issue 50% personal income tax rebate
The rebate is capped at $200.
Singapore injects initial $5b in Future Energy Fund
The natural gas-reliant country is setting up its second LNG terminal.
Singapore unveils rent voucher for families awaiting BTO flat completion
The 1-year voucher is expected to enable them to temporarily rent an HDB flat.
Singapore raises local qualifying salary to $1,600
The hourly rate has also been increased to $10.50 per hour, says DPM Wong.
Singapore provides $1.3b to support local companies
These include a $2,000 cash payout and a 50% income tax rebate of up to $40,000.
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