Additional Buyer’s Stamp Duty (ABSD): How Much You Have To Pay To Own Multiple Properties & 5 Ways To Avoid ABSD
ABSD, or Additional Buyer’s Stamp Duty, was first introduced in 2011 as a residential property cooling measure. The intention was to curb speculation in residential properties, to ensure more stable property prices. Since then, the Singapore government has periodically raised ABSD, as property prices heat up – the latest on 27 April 2023. Based on the latest URA statistics on private […]
Salary Guide To How Much You Can Earn As A Nurse In Public Healthcare
A profession under much attention, nursing has garnered an unfortunate reputation as a job that is demanding, high risk (especially in a pandemic) with irregular hours, while hardly the glamourous job of an air stewardess. In a post-pandemic era, healthcare workers are always in demand and nurses are even more needed than ever. If you are thinking […]
Guide To HDB Rental Yields In Singapore [2024 Edition]
HDB flats (also referred to as public housing) represent around 78% of the available residential housing supply in Singapore. Their relatively affordable pricing compared to private residential properties gives them an advantage as rental properties. As an investment, the rental yield indicates the income potential of the leased property; the higher the yield, the better […]
A Step-By-Step Guide To Using HDB’s Flat Portal To Find Your Perfect BTO Flat
Launched in 2021, the HDB Flat Portal is an integrated platform that aims to ease the process of planning for the purchase or sale of an HDB flat. Currently, budgeting solutions are provided on the platform through three different types of calculators, 1) I am looking to buy a flat, 2) I intend to buy […]
Straits Times Index (STI) Reserve List: 5 Stocks That Are Currently In Line To Replace Any Of The STI Companies
Singapore’s stock market benchmark, the Straits Times Index (STI), is made up of 30 companies. They include businesses that many Singaporeans are likely to be familiar with, such as Singapore’s flag carrier, the three local banks, DBS (SGX: D05), OCBC (SGX: O39) and UOB (SGX: U11), Singapore Airlines (SGX: C6L), SingTel (SGX: Z74), property company CapitaLand […]
Guide To Workfare Income Supplement Scheme And How Much Those Who Are Eligible Will Receive
The Workfare Income Supplement Scheme (WIS) is a permanent scheme that helps lower wage workers in Singapore by supplementing their income in cash and CPF top-ups. Workfare Income Supplement (WIS) aims to support Singaporean workers who are in the bottom 20% in terms of earnings. To support lower wage workers, the WIS is enhanced again for […]
Complete Guide To CPF Retirement Account
Our 55th birthday is a significant milestone for Singaporeans as it marks the first time that we are eligible to withdraw our CPF savings in cash. We can withdraw at least $5,000, or more depending on our balances. We have written about this in detail in How Much Can You Withdraw From Your CPF Account […]
Complete Guide To Getting Help For Better Mental Health
We’ve come a long way from making Woodbridge Hospital jokes to seeing Gen-Zs raising awareness on social media about mental health. While de-stigmatising mental health is a step forward in the right direction, it still falls to the individual to identify when they are not coping well and to seek the necessary help. Just like all […]
3 Easy Ways To Make Your Bonus Last
This article was written in collaboration with State Street Global Advisors Singapore Limited. All views expressed in this article are the independent opinion of DollarsAndSense.sg based on our research. DollarsAndSense.sg is not liable for any financial losses that may arise from any transactions and readers are encouraged to do their own due diligence. You can […]
Step-by-Step Guide To Applying For Sales Of Balance Of Flats (SBF)
Update: The February 2024 BTO Launch is now open for applications until 28 February 2024, Wednesday, 11:59 PM With a median waiting period of less than 3.5 years for BTO completion and resale HDB flat prices getting increasingly out of budget, one option new home buyers can take is the Sales of Balance of Flats (SBF). […]
