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Hello, I am a US citizen and resident. I am thinking of investing in a condo in Singapore . My questions

1) Has this been done (note I am not an expat residing in Singapore but live in US )

2)Is absentee management of condo possible? Renting it, maintaining it etc

3) I am aware of the process of purchasing in Singapore somewhat but have not done much research on managing remotely so my question mostly relates to that.

4)Is there a community of US expats or investors in similar situation you are aware of I can also contact?

Thanks in adbvance
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7 Answers

YT Tan (陈永达)
Good morning Sir/ Mdm,

There are US citizens who had purchased property in Singapore.

I recently assisted a US citizen to purchase a private apartment with my colleague. He purchased it without seeing the actual unit but did came over to take a look after that.

As for managing the property, you can engage me to handle the maintenance/ upkeeping of the unit and source for qualified tenants for management fee.

Reference for management fee:
https://www.propnex.com/commissionguidelines

By the way, I am not certain whether you know about this. Usually foreigner has to be taxed 15% additional buyer's stamp duty (ABSD) on top of buyer's stamp duty for their residential property purchase in Singapore. But under the Free Trade Agreements, US citizen will be accorded the same treatment as Singaporean. No ABSD for first property.

Hope my sharing aids in clearing your doubts.

May I know how can I value add further in your property needs?

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YT TAN 陈永达 | ACCA Graduate, RES
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Propnex Realty Pte Ltd

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Hi, I had assisted a US citizen purchasing a property before and would be glad to assist you further. Happy to share that for citizen holding an American passport, the stamp duty is likened to that of a local and it is payable at 3%, instead of the usual 18% for any foreigner. Pls feel free to let me know if you need any assistance.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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Hi there,

Thank you for your query.
I am currently assisting a number of foreign clients and will be glad to go over the entire procedure in depth. From financial calculations , to planning timeline , shortlisting projects for your perusal to explaining the entire admin : legal avenues. At the same time , I will be able to shed a greater insight to the market and share transaction caveats customised report for your understanding. Please do contact me for further assistance and looking forward to value adding your purchase.

Please visit my website : www.kumarrai.com for all the up to date awards, testimonials and accolades. Thank you very much!

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
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Joanne Chia 谢诗琳
Hi Sir / madam .

Good news , because you are american citizen and buying first residential property in singapore , you only have to pay the lowest rate stamp duty , equivalent to local singaporean buying their first property , amounting to only 3% stamp duty payable .

Yes as per your question , absentee management or you the landlord not physically in singapore, yes is possible as far investment is concerned , a property agent or me will be willing to manage your property as in the rental , marketing , finances and maintenance etc , the full works .

As per your question, the community of american expats are broadly spreaded mainly in or near the city , and some are staying near the american school which is at northern singapore .

Kindly contact me hp 8333 3327  for a no obligations chat for your property needs.

NO COMMISSION CHARGEABLE WHEN I SERVE PRIVATE PROPERTY BUYERS.

Joanne chia
Chia_joanne@yahoo.com.sg
Hp +65 8333 3327  Read More
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Hi Sir

I can assist you..

Let me know more details.

Thanks.

Raymond Lim
CCN Realty PTE Ltd
 91388805 
Email: raymondshaq@hotmail.com Read More
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