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Land Betterment Charge Act Takes Effect on 1 August 2022 to Replace Development Charge and Differential Premium

Singapore - August 5 2022 The Land Betterment Charge Act ("LBC Act") has come into operation on 1 August 2022. First passed In Parliament on 10 May 2021 as the Land Betterment…

Chou Ching, Gazalle Mok

Building Green Data Centres- Singapore Lifts Moratorium on New Data Centres, Introduces Environmental Sustainability Standards

Singapore - May 18 2022 Digitalisation and decarbonisation are sometimes thought of as opposing forces in the pursuit of development. The carbon footprint of the…

Shemane Chan, Rajesh Sreenivasan, Tanya Tang

Additional Conveyance Duties to be Imposed on Transfers of Equity Interests in Property Holding Entities into Living Trusts

Singapore - May 13 2022 On 9 May 2022, the Stamp Duties (Amendment) Bill 2022 ("Bill") was introduced in Parliament. The Bill seeks to effect two main changes:…

Elsa Chai, Chou Ching, Gazalle Mok, Vikna Rajah

Additional Buyer's Stamp Duty (ABSD) Imposed on All Transfers of Residential Property into Living Trust

Singapore - May 10 2022 When individuals and entities buy residential properties in Singapore, they are required to pay buyer's stamp duty ("BSD") on instruments executed for…

Elsa Chai, Chou Ching, Gazalle Mok, Vikna Rajah

Code of Conduct for Leasing of Qualifying Retail Premises (Updated 15 March 2022)

Singapore - March 28 2022 The Singapore Business Federation introduced a Code of Conduct for Leasing of Retail Premises in…

Elsa Chai, Lina Chua