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Dear Buyer,
HDB flats can only be bought by Singaporeans or PRs. As such, foreigners can only buy private condos or apartments. There is also a 30% ABSD applied over and above the purchase price as tax and paid to the IRAS.

If you purchase a private condo or apartment, there is nothing to stop you from holding the property for a long time even if you are posted overseas or move on to live overseas. You can rent out safely. Do contact me directly for further options and advice.
Cheers!

Elan Govan
MABA (Lancaster)
Huttons Asia P. L.
 90170747 
www.goodpropertiesguide.com Read More

Hi Young, do contact me at 97970200  to understand and discuss more
Mark, your RIGHT choice
Propnex Read More

Hi
To answer your question
1) Yes foreigners are allowed to purchased a Condo but not landed unless with government approval.
2) The standard stamp duty rates applies to all is:
First $180k: 1%
Next $180k: 2%
Next $640K: 3%
Subsequent amount: 4%
In addition, additional buyer stamp duty applies to foreigners with rates as below:
PR: 5% for first residential property
Foreigner:30%
However you you are a citizen or permanent residents of Iceland, Liechtenstein, Norway, Switzerland or USA, you can be exempted from the ABSD.
3) There is no difference between foreigners and citizens when comes to loan. MAS allows 75% of the house value to be financed through loan though other requirement would apply too.
4) Not true. Most condos in Singapore have a 99 years lease while some is freehold. For those with 99 years lease, the land have to be returned to the government after he lease is up. As Singapore is a young country, there are very few examples of lands that has reached is lease expiry and non of it involves condos. However from the current trend, old condos will be push for en-block sales and sold to developer with owners making a hefty profit.

Regards
Taufik Hussein
CEA REg No: R061607B
Marketing Director
ERA Realty Network Pte Ltd
CEA Reg No: R061607B Read More

Hi Young,

1. For foreigners, you will not be allowed to purchase a HDB flat. However, you may purchase a private apartment or a private condo.

2. For permanent resident, the tax rate for first property is at 5% whereas for foreigner, it is 30%.

3. You will be able to obtain a loan of up to 75% of the value of the property. The eligible loan amount is also dependent on your age and income level. It is always recommended to do a loan assessment beforehand so that you can be aware of what is a comfortable budget.

4. I think you are referring to the different type of lease tenure in properties. In Singapore, there are some with a lease of 99 years, some with 999 years and some with freehold. The longer lease properties do not necessary mean that they are a better buy as other attributes of the property are also important.

Please feel free to contact me so that I can give you an overview of the buying process and also find out more about your intentions so that I can assist you better.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020
Visit my website to know me better: www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
http://bit.ly/CEAnews

I have written a guide on buying Residential Property:
http://bit.ly/buypropertyguide

Testimonial from Satisfied Clients
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More

Sir
In addition to my reply above, do contact me at 93375051  for a free and non obligatory discussion. My service for purchase of private property is 100% free.
Regards
Taufik Hussein
CEA Reg No: R061607B
Marketing Director
ERA Realty Network Pte Ltd
Contact No: 93375051  Read More

Hi Young,

You may have some wrong information there. Foreigners are not allowed to purchase HDB flats. You can only purchase non-landed private residential in Singapore.

The tax rate will depend on which country are you a Citizen of. You may be liable for up to 30% in Additional Buyer Stamp Duty (ABSD) for your first property. This is on top of the normal Buyer Stamp Duty (BSD) that is applicable for all property purchases, regardless of Citizenship.

In terms of loan, you may be able to get up to max 75% financing, subjected to your Total Debt Servicing Ratio (TDSR).

For tenure of property, you can purchase a property with Freehold titles (instead of 99-year leasehold) if you're concerned about "returning" the property.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi Young

1) Foreigners are eligible to puchase non-landed private property.
2) Foreigners can even qualify for a mortgage if meet certain requirements.
Do you intend to take loan for your purchase?
If yes, Before shortlisting project/unit, I will suggest to check your in principal approval of your loan from banker.
I can connect you with reputable banker for this, free of charge and no obligation.
3) Based on $1 mill, and assuming loan is 75%
5% Cash = $50,000
20% Cash/CPF = $200,000
BSD (Cash/CPF) = $24,600
ABSD (Cash/CPF) = might apply
Legal fee = $2,500 (estimated)
Please contact me at (65) 96608508  and I can share you the breakdown for this calculation including timeline.
4) How many bedrooms are you looking at and which area you prefer?
I have current price list, promo of every projects in Singapore and will be glad to advise you

I have assisted many foreigner purchase their Singapore property and will be glad to assist you as well
No agent fee from private property buyer
Appreciate if you can contact me at (65) 96608508 
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More