As announced late on Wednesday night, foreigners buying any residential property in Singapore from yesterday (April 27) will have to pay an additional buyer’s stamp duty (ABSD) of 60 percent after it was doubled from 30 percent.

While Singaporeans buying their second residential property will pay an ABSD rate of 20 percent, up from 17 percent, while those buying their third and subsequent residential property will have to pay an increased rate of 30 percent, up from 25 percent.

Dr Lee Nai Jia, Head of Real Estate Intelligence, Data and Software Solutions, PropertyGuru Group shares his analysis and more.

As announced late on Wednesday night, foreigners buying any residential property in Singapore from yesterday (April 27) will have to pay an additional buyer’s stamp duty (ABSD) of 60 percent after it was doubled from 30 percent.
While Singaporeans buying their second residential property will pay an ABSD rate of 20 percent, up from 17 percent, while those buying their third and subsequent residential property will have to pay an increased rate of 30 percent, up from 25 percent.
Dr Lee Nai Jia, Head of Real Estate Intelligence, Data and Software Solutions, PropertyGuru Group shares his analysis and more.

From politics to pop culture, we've got it all. Get ready to immerse yourself in the world of business, lifestyle, culture, travel, and sports.

From politics to pop culture, we've got it all. Get ready to immerse yourself in the world of business, lifestyle, culture, travel, and sports.

The Evening Runway with Hongbin Jeong, Roshan Gidwani and Chua Tian Tian

A recap of the biggest news stories so you do not miss a thing, even while you were busy working.

A recap of the biggest news stories so you do not miss a thing, even while you were busy working.

The Weekly Wrap-Up

The Evening Runway with Hongbin Jeong, Roshan Gidwani & Chua Tian Tian (4pm - 7pm)

Weekly Wrap Up: April's property cooling measures, reactions so far, expected impact

Wuthering Heights, the popular novel will be made into a feature film by Emerald Fennell!

With Margot Robbie and Jacob Elordi to star in the lead roles, will their age difference be an issue?

What do The Evening Runway crew think?

Press play because Roshan Gidwani, Hongbin Jeong and Chua Tian Tian shall spill the tea! 

Get in touch with our anchors at rgidwani@sph.com.sg, chuatt@sph.com.sg, hongbin@sph.com.sg.  

Wuthering Heights, the popular novel will be made into a feature film by Emerald Fennell!
With Margot Robbie and Jacob Elordi to star in the lead roles, will their age difference be an issue?
What do The Evening Runway crew think?
Press play because Roshan Gidwani, Hongbin Jeong and Chua Tian Tian shall spill the tea! 
Get in touch with our anchors at rgidwani@sph.com.sg, <a href="mailto:chuatt@sph.com.sg">chuatt@sph.com.sg</a>, hongbin@sph.com.sg.

Spill The Tea: Is the Wuthering Heights casting okay?

Singapore stocks began today trading in negative territory, mirroring overnight losses in global markets. 

In early trade, the Straits Times Index (STI) decreased 0.3 per cent to 3,573.67 points after 36.1 million securities changed hands in the broader market.

In terms of companies to watch, we have First Sponsor. The mainboard-listed property developer has raised gross proceeds of about S$244 million from its rights issue. 

Elsewhere, from more on Singapore’s factory output far exceeding economists’ median forecast in August, to Ikea testing smaller stores in China – more local and international headlines remain in focus. 

Also on deck – Micron’s latest earnings outlook, plus how OpenAI is discussing giving chief executive officer Sam Altman a 7 per cent equity stake in the company and restructuring it to become a for-profit business. 

On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with Terence Wong, CEO, Azure Capital.

Singapore stocks began today trading in negative territory, mirroring overnight losses in global markets. 
In early trade, the Straits Times Index (STI) decreased 0.3 per cent to 3,573.67 points after 36.1 million securities changed hands in the broader market.
In terms of companies to watch, we have First Sponsor. The mainboard-listed property developer has raised gross proceeds of about S$244 million from its rights issue. 
Elsewhere, from more on Singapore’s factory output far exceeding economists’ median forecast in August, to Ikea testing smaller stores in China – more local and international headlines remain in focus. 
Also on deck – Micron’s latest earnings outlook, plus how OpenAI is discussing giving chief executive officer Sam Altman a 7 per cent equity stake in the company and restructuring it to become a for-profit business. 
On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with Terence Wong, CEO, Azure Capital.

Market View: Tech-led rally in Asia, Micron’s earnings; OpenAI reportedly discussing making company a for-profit business; First Sponsor raises S$244m from rights issue; Hanwha vs Dyna-Mac; Singapore’s factory output far outstrips economists’ median forecast; Smaller Ikea outlets across China

For Singaporeans who grew up in this country, we pretty much know the ‘formula’ to succeeding in life: acing the system through good grades and then finding a decent job. This is, however, not how life has been for Workato’s CEO, Vijay Tella. 

The realities of growing up in India during the 50s and 60s shaped his nuanced outlook on how societal factors need to work hand-in-hand with a certain degree of luck for one to have a ‘decent’ life. 

Vijay has led a few start-ups to success, and he prides this streak of excellence to the workplace culture that he brings to these companies.

On R.I.C.H, Hongbin Jeong and Roshan Gidwani speaks with Vijay Tella, CEO, Workato to find out more about his perspective towards life, from the boy who grew up in hardship in India and to the CEO now running a business.

For Singaporeans who grew up in this country, we pretty much know the ‘formula’ to succeeding in life: acing the system through good grades and then finding a decent job. This is, however, not how life has been for Workato’s CEO, Vijay Tella. 
The realities of growing up in India during the 50s and 60s shaped his nuanced outlook on how societal factors need to work hand-in-hand with a certain degree of luck for one to have a ‘decent’ life. 
Vijay has led a few start-ups to success, and he prides this streak of excellence to the workplace culture that he brings to these companies.
On R.I.C.H, Hongbin Jeong and Roshan Gidwani speaks with Vijay Tella, CEO, Workato to find out more about his perspective towards life, from the boy who grew up in hardship in India and to the CEO now running a business.

Weekly Wrap Up: April's property cooling measures, reactions so far, expected impact

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