TAXES

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Singapore

1. The tax rate for transferring real estate in Singapore is 3% for properties valued up to $180,000, 4% for properties valued between $180,001 and $360,000, and 6% for properties valued above $360,000.

 

2. The tax rate for renting out a house in Singapore is 15% of the gross rent received, but only 50% of the gross rent is subject to tax if the property is rented out to related parties.

 

3. The top 5 most popular regions to live in Singapore are:

 

- Orchard Road: Known for its shopping and entertainment options.

- Marina Bay: A prestigious waterfront area with luxury condos and iconic landmarks.

- Sentosa: A resort island with beaches, golf courses, and theme parks.

- Holland Village: A trendy expat-friendly neighborhood with cafes, bars, and boutiques.

- Bukit Timah: An affluent residential area with lush greenery and prestigious schools.

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