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Dear Sir,

Good Wishes,

My self Tanmay Shah (Chartered Accountant - Indian CPA), I am looking forward to buy a Apartment / condo in Singapore.

My purpose of buying flat is rent it out on Airbnb website to various tourist etc.

I need clarification with respect to following.

1.) Being Indian can I buy a flat/condo in Singapore as I hold Indian passport.
2.) I will invest 20%, will bank agree for the mortgage for remaining amount?
3.) Will bank consider future rental income or it will only consider my current income as per indian income tax return for mortgage?
4.) Will bank accept my indian income tax returns as income proof or anything else to be given?
5.) What all papers are required from my side for purchase of property and mortgage?
6.) What rent yield can I expect in above investment?
7.) Any further input regarding above is welcome...

Thanks,

Sincerely,
Ca. Tanmay Shah
Chartered Accountant
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1 Answer

D. Kumar
Replied
Hi Tanmay Ji!

Good afternoon and thank you for your query!
As a heads up- currently Airbnb short term rental in Singapore is not allowed,however, there are plans to change this regulation to open up of this business model of short term rental, subjected to different approval.

However, if your intention is to purchase for investment then this cyclic period of the economy couldn't be a better time. To address all your concerns and queries coherently, please do contact me at 96659926  and I will share with you whatever you need to know about investment in singapore. Not only that, I will handle the financial calculations and timeline plan, and using my experience and tools, locate the best yield properties for you to choose from, where I will give you a detailed analysis of the projected gains and % yield. I have guided many of my indian expat clients in their rental and purchasing (testimonials on website) and will be glad to enhance your portfolio as I have for many over the years.

Where words do fall short, I would let me accolades and testimonials speak for my dedication and experience in this industry for the past 20 years. Please visit my website : www.kumarrai.com for all the up to date awards, testimonials and accolades. Thank you very much!
[Testimonials from seller clients attached for your reference]

D Kumar
 +65 96659926 
ERA Associate Division Director
#1 team of ERA in Singapore, Asia Pacific International for 2014/5/6/7

ERA 2015 Q1 Top Achievers (Top1%)
ERA Top Achievers 2013-2017
ERA Multi-Million Dollar Club Award
2014-2017 ERA Asia-Pacific Business Conference Elite Award

P Group
Overall Top 100 achievers 2014-2017 Read More
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