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'''Phone hacking''' is the practice of intercepting telephone calls or voicemail messages, often by accessing the [[voicemail]] messages of a [[mobile phone]] without the consent of the phone's owner. The term came to prominence during the [[News International phone hacking scandal]], in which it was alleged (and in some cases proved in court) that the British tabloid newspaper the ''[[News of the World]]'' had been involved in the interception of voicemail messages of the [[British Royal Family]], other public figures, and the murdered schoolgirl [[Milly Dowler]].<ref>{{cite news |url=http://www.guardian.co.uk/uk/2011/jul/04/milly-dowler-voicemail-hacked-news-of-world |title=Missing Milly Dowler's voicemail was hacked by News of the World|last1=Davies |first1=Nick |last2=Hill |first2=Amelia |work=[[The Guardian]] |date=4 July 2011 |accessdate=13 July 2011}}</ref>
 
==Risks==
Although any mobile phone user may be targeted, "for those who are famous, rich or powerful or whose prize is important enough (for whatever reason) to devote time and resources to make a concerted attack, there are real risks to face."<ref>{{cite journal|volume=Vol 1|issue=2|journal=The TCSM Journal|url=http://www.isaca-wellington.org/files/TSCM_Journal_1_2_Small.pdf|title=Mobile Phone Security|page=3|first=Henry B|last=Wolfe|date=February 2010}}</ref>
 
==Techniques==
===Voicemail===
[[File:Motorola L7.jpg|thumb|150px|Motorola L7 mobile phone|Phone hacking often involves unauthorized access to the [[voicemail]] of a [[mobile phone]].]]
Contrary to what to their name suggests, scandals such as the [[News International phone hacking scandal]] have little to do with hacking phones, but rather involve unauthorised remote access to [[voicemail]] systemsThis is largely possible through weaknesses in the implementations of these systems by [[Telephone company|telcos]].<ref>{{cite web|url=http://blog.mobilephonesecurity.org/2011/07/voicemail-hacking-and-phone-hacking.html|title=Voicemail Hacking and the 'Phone Hacking' Scandal - How it Worked, Questions to be Asked and Improvements to be Made|date=7 July 2011|accessdate=25 Jul 2012|first=David|last=Rogers|publisher=Copper Horse Solutions}}</ref>
 
Since the early days of mobile phone technology, service providers have allowed access to the associated voicemail messages via a [[landline]] telephone, requiring the entry of a [[Personal identification number|Personal Identification Number (PIN)]] to listen to the messages. Many mobile phone companies used a system that set a well-known four digit default PIN that was rarely changed by the phone's owner, making it easy for an [[Adversary (cryptography)|adversary]] who knew both the phone number and the service provider to access the voicemail messages associated with that service.<ref name="BBC"/> Even where the default PIN was not known, [[Social engineering (security)|social engineering]] could be used to reset the voicemail PIN code to the default, by impersonating the owner of the phone during a call to a [[call centre]].<ref>[http://www.newscientist.com/article/dn20660-voicemail-hacking-how-easy-is-it.html?full=true Voicemail hacking: How Easy Is It?], ''[[New Scientist]]'', 6 July 2011</ref><ref name ="cnn1">{{Cite news|title=Phone Hacking Can Extend Beyond Voice Mail|url=http://edition.cnn.com/2011/TECH/mobile/07/08/phone.hacking/index.html?&hpt=hp_c2|work=[[CNN]] |last=Milian|first=Mark|date=8 July 2011|accessdate=9 July 2011}}</ref>  Many people also use weak PINs that are easily guessable; to prevent subscribers from choosing PINs with weak [[password strength]], some mobile phone companies now disallow the use of consecutive or repeat digits in voicemail PIN codes.<ref name ="smh">{{Cite news|title=Vulnerable voicemail: telco-issued PINs insecure|url=http://www.smh.com.au/technology/security/vulnerable-voicemail-telcoissued-pins-insecure-20110708-1h5yz.html|work=[[The Sydney Morning Herald]] |last=Grubb|first=Ben|date=8 July 2011|accessdate=9 July 2011}}</ref>
 
During the mid-2000s, it was discovered that calls emanating from the handset registered against a voicemail account were put straight through to voicemail without the caller being challenged to enter a PIN. An attacker could therefore use [[caller ID spoofing]] to impersonate a victim's handset phone number and thereby gain unauthorized access to the associated voicemail without a PIN.<ref>[http://www.msnbc.msn.com/id/7046776/ns/technology_and_science-wireless/t/cell-phone-voicemail-easily-hacked/ Cell Phone Voicemail Easily Hhacked], ''[[MSNBC]]'', 28 February 2005</ref><ref>[http://news.cnet.com/8301-27080_3-20077732-245/kevin-mitnick-shows-how-easy-it-is-to-hack-a-phone/ Kevin Mitnick Shows How Easy It Is to Hack a Phone], interview with [[Kevin Mitnick]], ''[[CNET]]'', 7 July 2011</ref>
 
Following controversies over phone hacking and criticism that was levelled at mobile service providers who allowed access to voicemail without a PIN, many mobile phone companies have strengthened the default security of their systems so that remote access to voicemail messages and other phone settings can no longer be achieved via a default PIN.<ref name="BBC">{{cite news|url=http://www.bbc.co.uk/news/magazine-14044499|title=Who, What, Why: Can Phone Hackers Still Access Messages?|publisher=[[BBC News]]|date=6 July 2011}}</ref>  For example, [[AT&T]] announced in August 2011 that all new wireless subscribers would be required to enter a PIN when checking their voicemail, even when checking it from their own phones, while [[T-Mobile]] stated that it "recommends that you turn on your voice mail password for added security, but as always, the choice is yours."<ref>{{Cite news|title=Not an option: time for companies to embrace security by default|url=http://arstechnica.com/tech-policy/2011/08/not-an-option-time-for-companies-to-embrace-security-by-default/|work=[[Ars Technica]] |last=Soghoian|first=Christopher|date=9 August 2011|accessdate=25 July 2012}}</ref>
 
===Handsets===
An analysis of user-selected PIN codes suggested that ten numbers represent 15% of all [[iPhone]] passcodes, with "1234" and "0000" being the most common, with years of birth and graduation also being common choices.<ref>{{Cite news|title=Once Again, 1234 Is Not A Good Password|url=http://blogs.wsj.com/tech-europe/2011/06/15/once-again-1234-is-not-a-good-password/|work=[[The Wall Street Journal]] |last=Rooney|first=Ben|date=15 June 2011|accessdate=8 July 2011}}</ref>  Even if a four-digit PIN is randomly selected, the [[Key space (cryptography)|key space]] is very small (<math>10^{4}</math> or 10,000 possibilities), making PINs significantly easier to [[brute-force attack|brute force]] than most passwords; someone with physical access to a handset secured with a PIN can therefore feasibly determine the PIN in a short time.<ref>{{cite journal|title=Here's How Law Enforcement Cracks Your iPhone's Security Code|url=http://www.forbes.com/sites/andygreenberg/2012/03/27/heres-how-law-enforcement-cracks-your-iphones-security-code-video/|journal=Forbes.com|date=27 Mar 2012|first=Andy|last=Greenberg|accessdate=25 Jul 2012}}</ref> Enterprises may therefore implement policies enforcing [[Password strength|strong passwords]] through mobile phone management systems.<ref>{{cite paper|url=http://resources.idgenterprise.com/original/AST-0042337_Picking_a_Sensible_Mobile_Password_Policy_Perimeter_ESecurity.pdf|format=pdf|title=Picking a Sensible Mobile Password Policy|publisher=Perimeter E-Security|date=5 Apr 2011|first=Andrew|last=Jaquith|accessdate=26 Jul 2012}}</ref>
 
Mobile phone microphones can be activated remotely by security agencies or telcos, without any need for physical access.<ref name="schneier-roving-bugs">{{cite web|url=http://www.schneier.com/blog/archives/2006/12/remotely_eavesd_1.html|title=Remotely Eavesdropping on Cell Phone Microphones|last=Schneier|first=Bruce|date=December 5, 2006|work=Schneier On Security|accessdate=13 December 2009}}</ref><ref name="roving-bugs">{{cite news|url=http://news.cnet.com/FBI-taps-cell-phone-mic-as-eavesdropping-tool/2100-1029_3-6140191.html|title=FBI taps cell phone mic as eavesdropping tool|last=McCullagh|first=Declan |coauthors=Anne Broache|date=December 1, 2006|work=CNet News|accessdate=2009-03-14}}</ref><ref name="uk-mobile-bug">{{cite news|url=http://news.ft.com/cms/s/7166b8a2-02cb-11da-84e5-00000e2511c8.html|title=Use of mobile helped police keep tabs on suspect |last=Odell|first=Mark|date=August 1, 2005|work=Financial Times|accessdate=2009-03-14}}</ref><ref name="noaa-phone">{{cite web|url=http://www.wrc.noaa.gov/wrso/security_guide/telephon.htm|title=Telephones|year=2001|work=Western Regional Security Office (NOAA official site)|accessdate=2009-03-22}}</ref><ref name="can-you-hear-me">{{cite news|url=http://blogs.abcnews.com/theblotter/2006/12/can_you_hear_me.html|title=Can You Hear Me Now?|work=ABC News: The Blotter|accessdate=13 December 2009}}</ref><ref>{{cite news |url=http://www.theregister.co.uk/2007/06/26/cell_hack_geek_spook_stalk/ |title='Cell hack geek stalks pretty blonde shocker' |author=Lewis Page |publisher=The Register |date=2007-06-26 |accessdate=2010-05-01}}</ref> This "roving bug" feature has been used by law enforcement agencies and intelligence services to listen in on nearby conversations.<ref>{{cite news |url=http://news.bbc.co.uk/2/hi/uk_news/magazine/3522137.stm |title='This goes no further...' |author=Brian Wheeler |publisher=BBC News Online Magazine |date=2004-03-02 |accessdate=2008-06-23}}</ref>
 
Other techniques for phone hacking include tricking a mobile phone user into downloading [[malware]] which monitors activity on the phone, or [[bluesnarfing]], which is unauthorized access to a phone via [[Bluetooth]].<ref name ="cnn1" /><ref>[http://www.bbc.co.uk/news/technology-11217012 How easy is it to hack a mobile?], ''[[BBC News]]'', 7 September 2010</ref>
 
===Other===
There are also flaws in the implementation of the [[A5/1|GSM encryption algorithm]] that allow passive interception.<ref>{{cite web|url=http://csrc.nist.gov/publications/nistpubs/800-124/SP800-124.pdf|format=pdf|title=Guidelines on Cell Phone and PDA Security|publisher=[[National Institute of Standards and Technology]]|date=October 2008|first=Wayne|last=Jansen|first2=Karen|last2=Scarfone|accessdate=25 Jul 2012}}</ref>  The equipment needed is available to government agencies or can be built from freely available parts.<ref>{{cite news |url=http://www.pcworld.com/article/185542/hackers_show_its_easy_to_snoop_on_a_gsm_call.html |title=Hackers Show It's Easy to Snoop on a GSM Call |first=Robert |last=McMillan |work=IDG News Service }}</ref>
 
In December 2011, German researcher Karsten Nohl revealed that it was possible to hack into mobile phone voice and text messages on many networks with free decryption software available on the Internet. He blamed the mobile phone companies for relying on outdated encryption techniques in the [[2G]] system, and said that the problem could be fixed very easily.<ref name ="nohl">{{Cite news|title=Lax Security Exposes Voice Mail to Hacking, Study Says|url=http://www.nytimes.com/2011/12/26/technology/26iht-hack26.html?_r=1&ref=technology&pagewanted=all|work=[[The New York Times]] |last=O'Brien|first=Kevin J.|date=25 December 2011|accessdate=28 December 2011}}</ref>
 
==Legality==
Phone hacking is a form of [[surveillance]], and is illegal in many countries unless it is carried out as [[lawful interception]] by a government agency. In the [[News International phone hacking scandal]], private investigator [[Glenn Mulcaire]] was found to have violated the [[Regulation of Investigatory Powers Act 2000]]. He was sentenced to six months in prison in January 2007.<ref>[http://news.bbc.co.uk/1/hi/6301243.stm "Pair jailed over royal phone taps "], ''[[BBC News]]'', 26 January 2007</ref> Renewed controversy over the phone hacking claims led to the closure of the ''[[News of the World]]'' in July 2011.<ref>[http://www.bbc.co.uk/news/uk-14070733 News of the World to close amid hacking scandal], ''[[BBC News]]'', 7 July 2011</ref>
 
In December 2010, the Truth in Caller ID Act was signed into [[Law of the United States|United States law]], making it illegal "to cause any caller identification service to knowingly transmit misleading or inaccurate caller identification information with the intent to defraud, cause harm, or wrongfully obtain anything of value."<ref>[http://www.gpo.gov/fdsys/pkg/PLAW-111publ331/pdf/PLAW-111publ331.pdf Truth in Caller ID Act of 2010, December 22, 2010], accessed 7 July 2011</ref>
 
==See also==
* [[Mobile security]]
* [[Operation Weeting]]
* [[Phreaking]]
 
==References==
{{reflist}}
 
==External links==
*[http://nakedsecurity.sophos.com/2011/07/08/how-phone-hacking-worked/ How Phone Hacking Worked and How to Make Sure You're Not a Victim] at [[Sophos]]
*{{Guardiantopic|media/phone-hacking|Phone hacking}}
*[http://www.bbc.co.uk/news/uk-politics-12253968 Timeline: News of the World phone-hacking row], ''[[BBC News]]'', 5 July 2011
*[http://news.sky.com/skynews/Home/UK-News/News-Of-The-World-Phone-Hacking-Full-Question-And-Answer-On-News-International-Allegations/Article/201107116024567?lpos=UK_News_Top_Stories_Header_2&lid=ARTICLE_16024567_News_Of_The_World_Phone_Hacking%3A_Full_Question_And_Answer_On_News_International_Allegations Full Q&A On The Phone Hacking Scandal], ''[[Sky News]]'', 5 July 2011
*[http://www.nytimes.com/interactive/2010/09/01/magazine/05tabloid-timeline.html Anatomy of the Phone-Hacking Scandal], ''[[The New York Times]]'', 1 September 2010
*[http://blogs.wsj.com/digits/2010/02/05/the-rise-of-caller-id-spoofing/ The Rise of Caller ID Spoofing], ''[[The Wall Street Journal]]'', 5 February 2010
*[http://www.bbc.co.uk/news/technology-14118995 Phone hacking: Are you safe?], [[Rory Cellan-Jones]], ''[[BBC News]]'', 12 July 2011
 
{{2011 News Corporation scandal}}
 
{{DEFAULTSORT:News Of The World Phone Hacking Affair}}
[[Category:Hacking (computer security)]]
[[Category:Telephone crimes]]
[[Category:Telephone tapping]]
[[Category:Mobile security]]

Revision as of 07:26, 23 May 2013

Phone hacking is the practice of intercepting telephone calls or voicemail messages, often by accessing the voicemail messages of a mobile phone without the consent of the phone's owner. The term came to prominence during the News International phone hacking scandal, in which it was alleged (and in some cases proved in court) that the British tabloid newspaper the News of the World had been involved in the interception of voicemail messages of the British Royal Family, other public figures, and the murdered schoolgirl Milly Dowler.[1]

Risks

Although any mobile phone user may be targeted, "for those who are famous, rich or powerful or whose prize is important enough (for whatever reason) to devote time and resources to make a concerted attack, there are real risks to face."[2]

Techniques

Voicemail

Phone hacking often involves unauthorized access to the voicemail of a mobile phone.

Contrary to what to their name suggests, scandals such as the News International phone hacking scandal have little to do with hacking phones, but rather involve unauthorised remote access to voicemail systems. This is largely possible through weaknesses in the implementations of these systems by telcos.[3]

Since the early days of mobile phone technology, service providers have allowed access to the associated voicemail messages via a landline telephone, requiring the entry of a Personal Identification Number (PIN) to listen to the messages. Many mobile phone companies used a system that set a well-known four digit default PIN that was rarely changed by the phone's owner, making it easy for an adversary who knew both the phone number and the service provider to access the voicemail messages associated with that service.[4] Even where the default PIN was not known, social engineering could be used to reset the voicemail PIN code to the default, by impersonating the owner of the phone during a call to a call centre.[5][6] Many people also use weak PINs that are easily guessable; to prevent subscribers from choosing PINs with weak password strength, some mobile phone companies now disallow the use of consecutive or repeat digits in voicemail PIN codes.[7]

During the mid-2000s, it was discovered that calls emanating from the handset registered against a voicemail account were put straight through to voicemail without the caller being challenged to enter a PIN. An attacker could therefore use caller ID spoofing to impersonate a victim's handset phone number and thereby gain unauthorized access to the associated voicemail without a PIN.[8][9]

Following controversies over phone hacking and criticism that was levelled at mobile service providers who allowed access to voicemail without a PIN, many mobile phone companies have strengthened the default security of their systems so that remote access to voicemail messages and other phone settings can no longer be achieved via a default PIN.[4] For example, AT&T announced in August 2011 that all new wireless subscribers would be required to enter a PIN when checking their voicemail, even when checking it from their own phones, while T-Mobile stated that it "recommends that you turn on your voice mail password for added security, but as always, the choice is yours."[10]

Handsets

An analysis of user-selected PIN codes suggested that ten numbers represent 15% of all iPhone passcodes, with "1234" and "0000" being the most common, with years of birth and graduation also being common choices.[11] Even if a four-digit PIN is randomly selected, the key space is very small ( or 10,000 possibilities), making PINs significantly easier to brute force than most passwords; someone with physical access to a handset secured with a PIN can therefore feasibly determine the PIN in a short time.[12] Enterprises may therefore implement policies enforcing strong passwords through mobile phone management systems.[13]

Mobile phone microphones can be activated remotely by security agencies or telcos, without any need for physical access.[14][15][16][17][18][19] This "roving bug" feature has been used by law enforcement agencies and intelligence services to listen in on nearby conversations.[20]

Other techniques for phone hacking include tricking a mobile phone user into downloading malware which monitors activity on the phone, or bluesnarfing, which is unauthorized access to a phone via Bluetooth.[6][21]

Other

There are also flaws in the implementation of the GSM encryption algorithm that allow passive interception.[22] The equipment needed is available to government agencies or can be built from freely available parts.[23]

In December 2011, German researcher Karsten Nohl revealed that it was possible to hack into mobile phone voice and text messages on many networks with free decryption software available on the Internet. He blamed the mobile phone companies for relying on outdated encryption techniques in the 2G system, and said that the problem could be fixed very easily.[24]

Legality

Phone hacking is a form of surveillance, and is illegal in many countries unless it is carried out as lawful interception by a government agency. In the News International phone hacking scandal, private investigator Glenn Mulcaire was found to have violated the Regulation of Investigatory Powers Act 2000. He was sentenced to six months in prison in January 2007.[25] Renewed controversy over the phone hacking claims led to the closure of the News of the World in July 2011.[26]

In December 2010, the Truth in Caller ID Act was signed into United States law, making it illegal "to cause any caller identification service to knowingly transmit misleading or inaccurate caller identification information with the intent to defraud, cause harm, or wrongfully obtain anything of value."[27]

See also

References

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External links

Template:2011 News Corporation scandal

  1. Template:Cite news
  2. One of the biggest reasons investing in a Singapore new launch is an effective things is as a result of it is doable to be lent massive quantities of money at very low interest rates that you should utilize to purchase it. Then, if property values continue to go up, then you'll get a really high return on funding (ROI). Simply make sure you purchase one of the higher properties, reminiscent of the ones at Fernvale the Riverbank or any Singapore landed property Get Earnings by means of Renting

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    Discover out more about real estate funding in the area, together with info on international funding incentives and property possession. Many Singaporeans have been investing in property across the causeway in recent years, attracted by comparatively low prices. However, those who need to exit their investments quickly are likely to face significant challenges when trying to sell their property – and could finally be stuck with a property they can't sell. Career improvement programmes, in-house valuation, auctions and administrative help, venture advertising and marketing, skilled talks and traisning are continuously planned for the sales associates to help them obtain better outcomes for his or her shoppers while at Knight Frank Singapore. No change Present Rules

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    A vendor's stamp duty has been launched on industrial property for the primary time, at rates ranging from 5 per cent to 15 per cent. The Authorities might be trying to reassure the market that they aren't in opposition to foreigners and PRs investing in Singapore's property market. They imposed these measures because of extenuating components available in the market." The sale of new dual-key EC models will even be restricted to multi-generational households only. The models have two separate entrances, permitting grandparents, for example, to dwell separately. The vendor's stamp obligation takes effect right this moment and applies to industrial property and plots which might be offered inside three years of the date of buy. JLL named Best Performing Property Brand for second year running

    The data offered is for normal info purposes only and isn't supposed to be personalised investment or monetary advice. Motley Fool Singapore contributor Stanley Lim would not personal shares in any corporations talked about. Singapore private home costs increased by 1.eight% within the fourth quarter of 2012, up from 0.6% within the earlier quarter. Resale prices of government-built HDB residences which are usually bought by Singaporeans, elevated by 2.5%, quarter on quarter, the quickest acquire in five quarters. And industrial property, prices are actually double the levels of three years ago. No withholding tax in the event you sell your property. All your local information regarding vital HDB policies, condominium launches, land growth, commercial property and more

    There are various methods to go about discovering the precise property. Some local newspapers (together with the Straits Instances ) have categorised property sections and many local property brokers have websites. Now there are some specifics to consider when buying a 'new launch' rental. Intended use of the unit Every sale begins with 10 p.c low cost for finish of season sale; changes to 20 % discount storewide; follows by additional reduction of fiftyand ends with last discount of 70 % or extra. Typically there is even a warehouse sale or transferring out sale with huge mark-down of costs for stock clearance. Deborah Regulation from Expat Realtor shares her property market update, plus prime rental residences and houses at the moment available to lease Esparina EC @ Sengkang
  3. Template:Cite web
  4. 4.0 4.1 Template:Cite news
  5. Voicemail hacking: How Easy Is It?, New Scientist, 6 July 2011
  6. 6.0 6.1 Template:Cite news
  7. Template:Cite news
  8. Cell Phone Voicemail Easily Hhacked, MSNBC, 28 February 2005
  9. Kevin Mitnick Shows How Easy It Is to Hack a Phone, interview with Kevin Mitnick, CNET, 7 July 2011
  10. Template:Cite news
  11. Template:Cite news
  12. One of the biggest reasons investing in a Singapore new launch is an effective things is as a result of it is doable to be lent massive quantities of money at very low interest rates that you should utilize to purchase it. Then, if property values continue to go up, then you'll get a really high return on funding (ROI). Simply make sure you purchase one of the higher properties, reminiscent of the ones at Fernvale the Riverbank or any Singapore landed property Get Earnings by means of Renting

    In its statement, the singapore property listing - website link, government claimed that the majority citizens buying their first residence won't be hurt by the new measures. Some concessions can even be prolonged to chose teams of consumers, similar to married couples with a minimum of one Singaporean partner who are purchasing their second property so long as they intend to promote their first residential property. Lower the LTV limit on housing loans granted by monetary establishments regulated by MAS from 70% to 60% for property purchasers who are individuals with a number of outstanding housing loans on the time of the brand new housing purchase. Singapore Property Measures - 30 August 2010 The most popular seek for the number of bedrooms in Singapore is 4, followed by 2 and three. Lush Acres EC @ Sengkang

    Discover out more about real estate funding in the area, together with info on international funding incentives and property possession. Many Singaporeans have been investing in property across the causeway in recent years, attracted by comparatively low prices. However, those who need to exit their investments quickly are likely to face significant challenges when trying to sell their property – and could finally be stuck with a property they can't sell. Career improvement programmes, in-house valuation, auctions and administrative help, venture advertising and marketing, skilled talks and traisning are continuously planned for the sales associates to help them obtain better outcomes for his or her shoppers while at Knight Frank Singapore. No change Present Rules

    Extending the tax exemption would help. The exemption, which may be as a lot as $2 million per family, covers individuals who negotiate a principal reduction on their existing mortgage, sell their house short (i.e., for lower than the excellent loans), or take part in a foreclosure course of. An extension of theexemption would seem like a common-sense means to assist stabilize the housing market, but the political turmoil around the fiscal-cliff negotiations means widespread sense could not win out. Home Minority Chief Nancy Pelosi (D-Calif.) believes that the mortgage relief provision will be on the table during the grand-cut price talks, in response to communications director Nadeam Elshami. Buying or promoting of blue mild bulbs is unlawful.

    A vendor's stamp duty has been launched on industrial property for the primary time, at rates ranging from 5 per cent to 15 per cent. The Authorities might be trying to reassure the market that they aren't in opposition to foreigners and PRs investing in Singapore's property market. They imposed these measures because of extenuating components available in the market." The sale of new dual-key EC models will even be restricted to multi-generational households only. The models have two separate entrances, permitting grandparents, for example, to dwell separately. The vendor's stamp obligation takes effect right this moment and applies to industrial property and plots which might be offered inside three years of the date of buy. JLL named Best Performing Property Brand for second year running

    The data offered is for normal info purposes only and isn't supposed to be personalised investment or monetary advice. Motley Fool Singapore contributor Stanley Lim would not personal shares in any corporations talked about. Singapore private home costs increased by 1.eight% within the fourth quarter of 2012, up from 0.6% within the earlier quarter. Resale prices of government-built HDB residences which are usually bought by Singaporeans, elevated by 2.5%, quarter on quarter, the quickest acquire in five quarters. And industrial property, prices are actually double the levels of three years ago. No withholding tax in the event you sell your property. All your local information regarding vital HDB policies, condominium launches, land growth, commercial property and more

    There are various methods to go about discovering the precise property. Some local newspapers (together with the Straits Instances ) have categorised property sections and many local property brokers have websites. Now there are some specifics to consider when buying a 'new launch' rental. Intended use of the unit Every sale begins with 10 p.c low cost for finish of season sale; changes to 20 % discount storewide; follows by additional reduction of fiftyand ends with last discount of 70 % or extra. Typically there is even a warehouse sale or transferring out sale with huge mark-down of costs for stock clearance. Deborah Regulation from Expat Realtor shares her property market update, plus prime rental residences and houses at the moment available to lease Esparina EC @ Sengkang
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