QUOTE(gark @ Jan 2 2012, 01:44 PM)
Also no stamp duty for Singapore stock purchases...
For properties, there is a lot of taxes and restrictions for non-resident to purchase properties...
Purchase Stamp Duty
First SGD 180,000 - 1%
Next SGD 180,000 - 2%
Remainder - 3%
PLUS Additional 10% on the total purchase price...

Selling Stamp Duty
1st Year = 16%
2nd year=12%
3rd Year = 8%
4th Year = 4%
Buy also kena tax, sell also kena tax...

Max Loan = 60% of house value... SG properties gonna free fall soon...

But SG REIT is exempted from all above..

Added on January 2, 2012, 2:05 pmRemember S-REIT have high yield due to reasons, investors are not dumb.
Most S-Reit have properties which have limited land leases, usually between 20-90 years. Usually the shorter land lease period have higher yields. once a company reaches it's end of lease, they will have to re-new (re-buy using cash/debt/rights) the lease for another 30 years or so or sell off the property cheaper (incur losses).
So these properties are self depreciating, for example a company have a 30 years lease left, the total depreciation will be about 3.33% and the property asset value in calculated to reflect that. Hence a property having a 'normal' yield of 6%, it will be discounted to 9.33%, to compensate for the 3.33% re-investment required to extend the lease in the future.
Kinda agree.
The forumers are quite short sighted to compare the rates of Yields only, without knowing some accounting treatments.
Basically a freehold or long leased hold asset ( like in Bolehland ) tends to have higher capital appreciations, but giving you a lower yield on asset values.
For example if a company uses a fully depreciated Bus, tends to give a better yield on asset costs ( or rather zero asset cost ).
But then again technically when a lease expires, the ownership of the Building goes back the the Government. Again u assume for sure , they ( Govt ) lease back to u, never mind the new premium charge is much higher.
But it is quite common for Governments worldwide to make U turn policies from time to time, like the 10% stamp duty imposed on non residents in Singapore.
Many evergreen assumptions may not hold water in time to come.
BTW, Singapore Government is the final owner of all properties in Singapore by default.
Just my view.
This post has been edited by SKY 1809: Jan 2 2012, 02:58 PM