9 Answers

askguru expert
Hi Stephanie Myint, thanks for writing to us on AskGuru.

Yes, a single PR can buy a condominium or an apartment in Singapore. However, you will be subjected to an Additional Buyer’s Stamp Duty (ABSD) as well as a Buyer’s Stamp Duty (BSD). For more information, please refer to IRAS’s link here: https://www.iras.gov.sg/irashome/Other-Taxes/Stamp-Duty-for-Property/Working-out-your-Stamp-Duty/Buying-or-Acquiring-Property/What-is-the-Duty-that-I-Need-to-Pay-as-a-Buyer-or-Transferee-of-Residential-Property/Additional-Buyer-s-Stamp-Duty--ABSD-/ You can also refer to our buying guide here: https://www.propertyguru.com.sg/property-guides/singapore-buy-property-guides

Hope this answers your question.

Best Regards,

Team PropertyGuru
Geryl Lim
Hi Stephanie,

There is no restrictions for single foreigners or PRs to purchase a private apartment or condominium here in Singapore, however, Additional Buyer Stamp Duty is applicable (different rates for SPR and Foreigners). Do let me know if you need a consultant to walk you through this purchase perhaps?

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Regards,

Geryl LIM
Real Estate Director
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Mobile: +65-81577565/+65-92787772
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D. Kumar
Hi there,

There is no restriction as such, however you will be subjected to ABSD. Please feel free to contact me at 96659926 for a non obligatory discussion for me to better understand your requirements and specifications to be in a better position to advise you further on your enquiries.

Based on your budget,needs and preferences, I will come up with a customized list of units to view, which works efficiently and effectively.

My services cover you through the whole process from finding the perfect property to negotiating for the best price to post deal paperwork to establishing financial calculations and ascertaining risks. I will provide you with a comprehensive sales report of properties in the desired location, make available to you recent live transactions for your understanding, share on financial calculations/loans and progressive payments information you may need, rental yield& capital appreciation information.

Do visit my website to view my testimonials/recent awards and gather more info on me: www.kumarrai.com.
Look forward to hearing from you! Have a great day!

D Kumar
96659926
ERA Associate Division Director
www.kumarrai.com
www.singapore-newproperties.com dkumar@era.com.sg

About Me-
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Aaron Chong
Hi Stephanie, yes of course you are eligible to purchase a condo unit as a single PR. But pls do take note that the stamp duty payable will be at 8%. Pls feel free to let me know if you need any assistance.

Regards
Aaron
97308455
aaronchong2774@yahoo.com.sg
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Silvia Yang
Hi Ms. Stephanie,

Yes, but please take note of the additional buyer stamp duty for PR (5%) on top of the normal buyer stamp duty (3%).
Please let me know if you have any questions or further assistance.
Thank you.

Warmest regards,

Silvia Yang
(65) 96608508
Silviayang8@gmail.com
Mike Tay
Hi Ms. Stephanie,

Yes PR are eligible to buy private condominium. Please note there is an additional buyer stamp duty of 5% for the 1st property.

This 5% is exempted (due to FTA) if you belong to
1) National or PR of
Iceland, Liechtenstein, Norway, Switzerland
2) National of
United States of America

Such buyers are required to submit an application for remission so as to enjoy the same treatment as Singapore citizen.

Do call/sms 9745-5178 for a no obligation discussion to guide you and to help you find your dream home!

Thanks & regards,

Mike Tay
EMBA, B.Sc

M: 97455178
E: mike@bestnewlaunches.com
W: http://bestnewlaunches.com/
A: https://itunes.apple.com/sg/app/property-toolkit-free/id897824316?mt=8

Huttons Asia Pte Ltd
L3008899K
Haris Lee
Hi Stephanie,

Single PR can buy condo. Below is the payment procedure that you need to take note

5% Cash needed
15% can be CPF, if is not enough can use cash
Above is the total minimum downpayment needed = 20% (assuming you are eligible for 80% loan)

Stamp duty tax for PR total will be 8% of property price less SGD 5,400.

Feel free to contact me for further discussion

Haris Lee
+65-81790465
Associate Senior Marketing Director
Huttons Real Estate Group
R050046E
Mani Subramanian Veeramani
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