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20 April 2015

We are honoured to be invited by The Straits Times - MONEY, to give our view on the recent tightening of financing options granted to oil and gas / Shipping industries.

You can view the article online by clicking this link:

http://business.asiaone.com/news/offshore-firms-face-tougher-access-loans

April 2015

在一次与许多年轻创业者问答时，Alibaba 总裁马云被问到这个问题。

“马总，像我们这些年轻创业者，如何可以像你一样？借着开发平台取得成功？“

马云这么回答： “想创造一个像淘宝的平台来打败淘宝几乎不可能，可能的话也太艰难。不值得！
像你们这些年轻创业者，不应该老是想要打败马云。应该想想如何打败你家隔壁开了十年店铺的老王，对面的老李。
想打败淘宝，倒不如想想如何借用淘宝赚钱来得实在些！“

Wednesday, 7 May 2014

Thank you to all our beloved customers, staffs & business partners!

Master Tactic Pte Ltd has been awarded the Promising SME 500 2014. We are indeed honoured to have been carefully chosen by the Small and Medium Business Association (SMBA) for this award. This prestigious award is the embodiment and expression of business success and recognition.

The Promising SME 500 Campaign was spearheaded to recognize the exceptional achievements of business men and women in Singapore, highlighting their commercial successes and also recognizing their contributions to the economy and the community at large. The award recipients are selected based on criteria such as leadership, innovation, business and brand performance, customer value generation and projected business sustainability. Business leaders must have elevated their businesses above other industry players, seized growth opportunities with healthy yearly revenues and sound expansion potential.

Master Tactic wishes to thank all staff, clients and business partners for their continued support. We will ensure all our clients have 110% Customer Satisfaction, which means we keep working until you are satisfied!

Once again, thank you very much for your trust & support!

Friday, 7 February 2014

Pleaes click on the following link to download our group profile (Version December 2013)!

On behalf of Master Tactic Group of companies, we would like to wish everyone a Happy Lunar New Year!

IMG-20140201-WA0021

Tuesday, 21 January 2014

Dear Readers,

TOP Business News

1. Thailand declared a 60 days state of emergency in Bangkok and surrounding areas to tackle mass street protests aimed at overthrowing the government.

2. BlackBerry Limited (NASDAQ:BBRY) surged surged the most in a month after the U.S. Department of Defense said the company’s smartphones will account for 98 percent of devices in one of its new networks.

3. A UNIT of banking giant Goldman Sachs has succeeded in preventing a suit against it filed by tycoon Oei Hong Leong, amount totalling $38m in his losses.

4. Keppel Real Estate Investment Trust (K-reit) said it may pick up more property in Singapore such as Marina Bay Financial Center (MBFC) Tower 3.

5. OSLEY Holdings is eyeing development land in Sepang, selangor, Malaysia.

Download full article here...

Friday, 07 June 2013

Dear Readers,

According to research findings from OrangeTee, unit sizes of private condominiums in Singapore are shrinking.

Click here to read more.

3dinnovative vertex-showroom-01

Picture source: www.renonation.sg

Thursday, 06 June 2013

Dear Readers,

There is a significant drop in sub-sales of private properties as the level of speculative activities in the private residential market in Singapore has dropped substantially in the past few years.

singapore-private-housing

Click here to read more.

Also,

Source: Channel NewsAsia; AsiaOne Business; The Straits Times

Monday, 03 June 2013

Dear Readers,

1269140316 81854470 1-Pictures-of--The-Sound-of-breeze-new-launch-condo-at-East-Coast
Source:www.olx.com

According to NUS Overall Singapore Residential Price Index (SPRI), overall prices of completed apartments and condominiums in Singapore rose 1.9% in April from March.

Click here to read more.

Also,

Source: Business Times

Wednesday, 29 May 2013

Dear Readers,

According to DTZ research, resale transaction volume fell sharply following the imposition of the cooling measures in January. Resales of private homes fell by 43.4% q-o-q in Q1 across all submarkets.

Click here to read more.

Also,

Source: AsiaOne; DTZ; Business Times

Monday, 27 May 2013

Dear Readers,

Singaporeans do not expect property prices to increase further, but they want the government to do more to correct the overpriced market.
It is the first time since Q1 2012 that the Property Affordability Index has improved.

Click here to read more.

Also,

Source: Business Times

Wednesday, 22 May 2013

Dear Readers,

The proportion of private home transactions involving foreign buyers have dropped to a 20.8% in April.
In February, their share dived to 23.3% just after the seventh round of cooling measures.

Click here to read more.

Also,

Source: AsiaOne; Business Times

Monday, 20 May 2013

Dear Readers,

Have the cooling measures worked in achieving their intended aim of reducing price of private properties over time?

Find out more about the cooling measure effect.

Click here to read more.

Also,

Source: Business Times

Friday, 17 May 2013

Dear Readers,

Numbers of private homes released in April dropped to just one-third from the record in March. The numbers include ECs.

Click here to read more.

Also,

Source: Today; Business Times

Tuesday, 14 May 2013

Dear Readers,

According to Business Times, non-landed home resale figures plunged 53.9% as compared to April last year.

Click here to read more.

Also,

Source: Business Times

Wednesday, 8 May 2013

Dear Readers,

IRAS reported a total of $1.03 billion in tax revenue in the first quarter of this year due to the raft of cooling measures imposed to tame the property market.

Click here to read more.

Also,

Source: AsiaOne; Business Times

Friday, 3 May 2013

Dear Readers,

HDB resale deals hit an all time low in the past 16 years. Figures released by HDB showed only 4,345 transactions in the first quarter of this year.

Click here to read more.

Also,

Source: Asiaone; Business Times

Friday, 26 April 2013

Dear Readers,

Private and public housing market is showing signs of slowing down, with relatively low quarter-on-quarter increase. These low figures is largely attributable to the January cooling measures package.

Find out more in the below articles.

Friday, 26 April 2013

Dear Readers,

According to Channel NewsAsia Singapore, The Resale Price Index (RPI) for HDB flats rose 1.3% from 202.9 in the fourth quarter of 2012 to 205.5 in the first quarter of 2013.

Click here for details.

Thursday, 25 April 2013

Dear Readers,

Rare freehold redevelopment site @ Paya Lebar put up for sale!

Click here to find out more.

Also,

Source: Business Times

Tuesday, 23 April 2013

Dear Readers,

According to Straits Times, foreign buyers are keen on private homes again. However, their focus has changed to mass-market condos in suburban areas.
This is a shift from the high-end homes they used to sought after.
Click here to find out why.

Also,

Source: Business Times; Straits Times

Monday, 15 April 2013

Dear Readers,

Six freehold residences at 8 Nassim Hill have been put on the market for bulk sale with a price tag of $58 million to $59 million.
Also, find out why National Development Minister wants Housing Board to set the price for public housing instead of taking its cue from resale market!

Source: AsiaOne; Business Times; Straits Times

Thursday, 11 April 2013

Dear Readers,

Private residential resale prices went up in Q1 but number of transactions fell due to government's cooling measures.
Resale volumes in March fell by 50% from the same month last year.
Click here to read more.

Also,

Source: Business Times; Straits Times

Thursday, 11 April 2013

Dear Readers,

Overall COV for HDB resale flats has dropped S$1,000 to end at S$31,000 for the month of March 2013. This is the lowest monthly COV in the last 6 months.

Click here to read more.

Also,

Source: Channel NewsAsia; Straits Times

Wednesday, 10 April 2013

Dear Readers,

propertyloan

Amendments to the Housing Developers (Control and Licensing) Act was approved by the government, in a move to better protect private home buyers against unscrupulous developers to ensure "what you see is what you get" in terms of actual prices and appearance of home. Showflats can no longer be made to look more spacious than the finished products.
Click here to read more.

Also,

Source: AsiaOne; Business Times; Straits Times

Monday, 08 April 2013

Dear Readers,

Good news for HDB resale home buyers as Straits Times reported an overall decrease in cash-over-valuation (COV) for the 1st quarter of 2013.|
The largest drop came from Punggol, Tampines and Pasir Ris, where COV went down by as much as 21 per cent.
The number of HDB resale transactions reported in the first quarter of this year is also the lowest since 2009.
Find out more in the below links.

Source: Business Times

Friday, 05 April 2013

Dear Readers,

In today's issue:-

Source: AsiaOne; Business Times; Straits Times

Wednesday, 03 April 2013

Dear Readers,

Executive Condos have grown more popular with buyers in recent months as the price gap with mass-market condos widens.
Prices of private homes however, are showing a slower quarter-on-quarter increase in Q1 2013 than in Q4 last year.
It is believed that it is largely due to the impact of the last round of cooling measures in January which has also impacted resale HDB flats.

Click the below links to download the articles!

Source: Business Times; Straits Times

Monday, 01 April 2013

Dear Readers,

According to Straits Times, mortgage rates in Singapore are on the rise as Singapore has hit an all time high of loan-to-deposit ratio of 97%.
This has led to some banks already increasing their mortgage rates by 0.2% to 0.3%.
It is believed that banks might be increasing rates on home buyers to counter the overall drop in sales volume due to the cooling measures.

However, not all is bad news as DBS launches a first-of-its-kind HDB home loan package with a 10 years interest capped at CPF Ordinary Account rate. They are hoping to attract this group of home buyers who are mostly getting a HDB home loan.
Should mortgage interest rates rise over the next 10 years, HDB home buyers can enjoy a floating-rate loan with interest capped at CPF Ordinary Account rate of 2.50%, which is 0.10% below the HDB loan rates.

Find out more in the below articles!

Source: AsiaOne; Business Times; Straits Times

Thursday, 28 March 2013

Dear Readers,

According to Business Times, the Jan 12 cooling measures have caused many Singapore Permanent Residents to stop buying private homes here. However, they are positive that buying will resume at least for PRs buying their first property.
Non-PR foreigners purchases dropped 72.3% from 289 to 80.
Find out more in the below articles! Also, find out why second-timers rush for three-room units and what Li Ka-Shing has to say about the property curbs in Hong Kong!

Source: Business Times; Straits Times

Tuesday, 26 March 2013

Dear Readers,

According to Straits Times, March is likely to be the top month for new home sales this year.
Find out why in the below article!

Source: Business Times; Straits Times

Monday, 25 March 2013

Dear Readers,

In today's issue,

Amid the cooling measures that have just taken place, new-sale markets remains robust with more than 1,400 new homes sold just within this month!
Private resale homes however, seems to be more affected with just 1,544 resale homes sold in the 1st quarter.

Find out more in the below articles:

Source: AsiaOne; Straits Times; Business Times

Friday, 22 March 2013

Dear Readers,

In today's issue,

National Development Minister Khaw Boon Wan has promised to bring down prices of flats in non-mature estates to 4x the annual household median income of its applicants, down from 5.5x last year.
Ex-HDB Chief thus suggested that public housing can be kept affordable by offering minimum frills instead of trying to emulate condominiums.

Find out more in the below articles:

Source: Business Times; Straits Times

Wednesday, 20 March 2013

Dear Readers,

According to Business Times, property investment in Singapore is expected to increase by 15-20 percent. This is due to the cooling measures in Hong Kong (Double Stamp Duty) and China (more aggressive implementation of capital gains tax).

Do you agree with them? Read more about the speculation below!

Source: Business Times; Straits Times

Monday, 18 March 2013

Dear Readers,

According to AsiaOne, new private home sales in Singapore plunged 65 per cent in February from a month before as market cooling measures and the Lunar New Year holidays kept buyers away, official data showed Friday.
Only 708 private homes were sold in February, down from 2,016 units in January, according to data from the Urban Redevelopment Authority (URA).

Click on the below articles to find out more about the property market.

Source: AsiaOne; Business Times; Straits Times

Monday, 18 March 2013

Dear Readers,
In today's issue:

Source: Business Times; Straits Times

Thursday, 14 March 2013

Buying Your First Property

According to Sunday Times, the latest cooling measures have hit both the residential and industrial sectors. Only one sector remains untouched – local first timers.

However, experts have warned that before first time home buyers purchase their new home, there are a few aspects which they must take note of.

Additional Costs
One main cost involved is the buyer’s stamp duty. This is tiered at 1 per cent for any amount up to the first $180,000 of the property's price, 2 per cent for any amount up to the subsequent $180,000, and 3 per cent for the remaining amount.

An example of stamp duty payable for a $1 million property is as shown below:

1^st $180,000 à $180,000 x 1% = $1,800
2^nd $180,000 à $180,000 x 2% = $3,600
Remaining $640,000 à $640,000 x 3% = $19,200
Total Stamp Duty = $24,600

Legal fees would cost around $3,000 to $5,000 depending on each case as well as the law firm engaged.

Not to forget, buyers will also have to fork out a commission to property agents, ranging from 0.5% to 1%. This means buyers will typically have to fork out around $5,000 to $10,000 for a $1 million property.

Sourcing for the most suitable interest rate package from the Banks can also be a tedious process. Banks offer both fixed and floating interest rates package. Other than your monthly income, Banks take into consideration your credit cards, vehicle and study loans, as well as personal credit line when assessing your property loan. Therefore, the amount granted may not what you are looking for.

As a result, it is encouraged that home buyers get an Approval in Principle from the Banks before they confirm the purchase of their desired home.

Click here to read the article from AsiaOne.

Thursday, 14 March 2013

Dear Readers,
In today's issue:

Source: Business Times; Straits Times

Wednesday, 13 March 2013
Dear Readers,
In today's issue:

Source: Business Times; Straits Times

Monday, 11 March 2013
Click on the links below to find out more news on the property market!

Source: Business Times; Straits Times

Thursday, 7 March 2013
With the recent cooling measures that was launched in January 2013, all eyes are still on the property market.
Business Times have recently published a segment solely for the property industry.
Click the links below to read more!

Source: Business Times

Tuesday, 5 March 2013

Part 2 of Singapore 2013 Budget Measures
Find out more about how the 2013 Budget Measure will affect you and your household.

Key highlights:
1. PROMOTE SOCIAL MOBILITY
Spending on the PRE-SCHOOL sector will be doubled to more than $3 billion over the next 5 years
- Expand capacity so that more pre-schools centres are closer to homes and workplaces
- Bring more operators onto the Anchor Operator scheme, providing 16,000 more places by 2017
- Build up teacher quality with salary grants, scholarships and training grants
- MOE to set up a few kindergartens to develop best practices

Establish an Early Childhood Development Agency to drive improvements across the entire sector
- More Support at SCHOOL for DISADVANTAGED STUDENTS to help them catch up and better build a foundation
- Extend learning support programme beyond the early primary school years
- Significantly expand the number of school-based student care centres
- Develop rich online materials to provide additional support for students
Expand Opportunity Fund by $72 million - 40% more for schools and extend it to Polytechnics
Top up Edusave Endowment Fund by $300 million

2. SUSTAINING A FAIR AND PROGRESSIVE FISCAL SYSTEM
Strengthen WORKFARE
- Monthly income ceiling for WIS will rise to $1,900 a month
- Maximum WIS payouts will rise by 25%-50%
- Proportion of cash to CPF will increaseHigher payments to CPF Medisave and Special Accounts
- Restore employer and employee CPF contribution rates for workers who are earning less than $1,500 a month

More Progressive TAXES
The new tax structure will be phased over 2 years from 1 January 2014
For Owner-Occupied Residential Properties
- Lower Property Taxes for 950,000 or 99% of homes
- Higher Property tax rates for the top 1% of homes
For Non-Owner-Occupied Residential Properties
- No change in property tax rate for 112,000 or 67% of properties
- Higher property tax rate for the top 33%
For Passenger Cars
- An economy car with an OMV of up to $20,000 will see no change in ARF rate
- A car with an OMV of up to $50,000 will pay up to $12,000 or 24% more ARF
- A luxury car with an OMV of $75,000, for example, will pay $32,000 or 43% more ARF

3. DIRECT ASSISTANCE FOR COST OF LIVING
- Extra GST Voucher
Total payout of Cash, Medisave and U-Save benefits will be doubled this year
- Rebates on Service & Conservancy Charges
All HDB households will receive rebates of 1 to 3 months based on flat type
- $200 CPF Medisave Top-Up
For all Singaporeans aged 45 and above
- Lower Concessionary Foreign Domestic Worker Levy
Levy reduced from $170 per month to $120 per month for families with young children, elderly dependents & persons with disabilities
- Personal Income Tax Rebate for YA 2013
30% rebate, capped at $1,500 for resident taxpayers below 60 years old
50%, capped at $1,500 for those aged 60 and above

Click here to read more.

Monday, 4 March 2013

How 2013 Budget Measures affect Businesses?
Key Highlights:

Tighten Foreign Workers Policy

Raise foreign worker levies for all sectors

Reduction in Dependency Ratio Ceiling

Increase in S Pass qualifying salary

3 Year Transition Support Package

Wage Credit Scheme (WCS) ($3.6 billion over 3 years)
Government will co-fund 40% of wage increases for Singaporean employees over the next 3 years.

Productivity and Innovation Credit (PIC) Bonus ($450 million over 3 years)
Businesses that spend a minimum of $5,000 in PIC activities in a year will receive a dollar-for-dollar matching cash bonus.

Corporate Income Tax (CIT) Rebate ($1.3 billion over 3 years)
A Corporate Income Tax (CIT) Rebate of 30% of tax payable capped at $30,000 per Year of Assessment will be given to help companies cope with cost pressures.

Strengthen Productivity Incentives

Easier and faster for businesses to make PIC claims

New Land Productivity Grant for companies that intensify land use

Link SMEs with research and technology partners

Broaden and enhance the Partnerships for Capability Transformation (PACT) scheme

Develop solutions to industry-specific productivity challenges through the Collaborative Industry Projects

Promote prefabrication in construction via the Integrated Construction and Precast Hubs

Capabilities for New Growth Industries

A Future of Manufacturing plan ($500 million over the next 5 years)

The emerging satellite industry ($90 million for the Satellite Industry Development fund)

Cost Savings for Commercial Vehicles

1-year 30% road tax rebate for goods vehicles, buses and taxis

Currently, when commercial vehicles reach the end of their 10-year COE, the owners can only renew for 5 years with no further extension, or pay more for a 10-year renewal. We will allow owners who choose to renew their COEs for 5 years in the first instance to extend their COEs further for another 5 years. This will ease their cashflow and provide more flexibility.

Click here to find out more!

Friday, 22 February 2013

mTactic is proud to launch its Refer-a-Friend Programme to all our existing customers!
Receive a $100 shopping voucher with every successfull referral from 01 March 2013 till 31 March 2013.
Limited time only!!

eDm-referral
Click here to download form.

Tuesday, 19 February 2013

MAS reportedly in discussions to discontinue SIBOR.

According to CNA, reports say Singapore's central bank is in discussions to discontinue the Singapore Interbank Offered Rate (SIBOR).

The Monetary Authority of Singapore (MAS) launched a review of the SIBOR last July after abuses related to the London Interbank Offered Rate (LIBOR) surfaced.

Click here for the full story!

Friday, 8 February 2013

Master Tactic Pte Ltd wishes everyone a Happy Lunar New Year!

May your new year be filled with abundance, joy & treasured moments!!

CNY website

Monday, 04 February 2013

Mortgage takers beware the twin risks of 2015

According to The Business Times, home-loan borrowers will face higher rates in 2015 when an abundant supply of newly completed units come into the market.

The Singapore's economy's exposure to the property market is now at a record high level, posing greater risks to the financial system, said DBS Bank economist, Irvin Seah.

Click here for the full story.

Wednesday, 16 January 2013

Some highlights on the latest round of cooling measures wef 12 Jan 2013:

The Government has announced a comprehensive package of measures to cool the residential property market. It also introduced a Seller’s Stamp Duty on industrial properties for the first time, to discourage speculative activity in the industrial market.

INDUSTRIAL
Seller Stamp Duty will be imposed in industrial properties and land bought within 3 years from the date of purchase.

SSD at 15% if the property is sold in the 1st year of purchase.

SSD at 10% if the property is sold in the 2nd year of purchase.

SSD at 15% if the property is sold in the 3rd year of purchase.

Click here for full story.