Reading Time: 4 minutesTrust arrangements used to be totally prohibited in Thailand, but were opened for the capital market investment and fundraising in 2007 by the legislation of The Trust for Transactions in Capital Market Act. Soon after enactment, the Real Estate Investment Trust (“REIT”) became available from various financial institutions for the purposes of fundraising and investment […]
Having your home en bloc in Singapore?
Reading Time: 3 minutesNumerous successful en bloc sales (collective sales) have been boasted of on newspaper headlines recently. The common en bloc involves all the units in a condominium (strata-titled development) being sold to a developer and the proceeds being divided amongst the unit owners.[1] During the collective sale, some condominium unit owners (subsidiary proprietors) have been awarded […]
Types of property and home ownership in Singapore
Reading Time: 6 minutesProperty in Singapore is seen as a reliable investment and asset for both locals and foreigners alike. Real estate in Singapore remains relatively affordable compared to other countries and currently, inheritance tax is not payable in Singapore.[1] This article hopes to shed some light on the types of housing available in Singapore as well as […]
Cambodia Real Estate Update: Annual Tax Compliance and Transfer Pricing
Reading Time: 4 minutesRegistered taxpayers in Cambodia are now in the process of completing their Annual Tax on Income (“TOI”) declarations for the 2018 tax year. This applies equally to those entities that hold real estate in Cambodia and we provide below some of the key tax issues that those entities should be aware of when submitting their […]
Building a Sustainable Enbloc Sale Market: Keeping Expectations Realistic
Reading Time: 4 minutesAuthored by Kenneth Szeto and Benjamin Hong of Withers KhattarWong LLP Singapore was gripped with enbloc sale fever in the first half of 2018, a momentum that started gathering since early 2017, beginning with the Shunfu Ville transaction. The period witnessed the successful closing of several big ticket – near billion dollar – deals. We […]