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Good evening,

Thank you for your query. How do I address you? It is not cost-effective to purchase residential property here using a Singapore company vehicle, as it will attract 35% additional buyer's stamp duty (ABSD) on top of the purchase price. It might be better for you to purchase it as a Swiss National, as it does not attract ABSD due to our Free Trade Agreement (ie. lower upfront cost than purchasing using a company).

Using $5mil as illustration, for a swiss national first residential purchase

Purchase Price $5mil
Buyer's Stamp Duty (BSD) and legal fees $188k
The Management Fees Upkeep of the property & Property Taxes will be manageable, probably to the tune of $20k or thereabouts annually depending on the property you purchase

It will be ideal if you already have a banking relationship with a bank that is already based and has operations in Singapore for easier facilitation of funds.

Hope the above clarifies. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
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Under the respective FTAs, Nationals or Permanent Residents of the following countries will be accorded the same Stamp Duty treatment as Singapore Citizens:

- Nationals and Permanent Residents of Iceland, Liechtenstein, Norway or Switzerland
- Nationals of the United States of America

Should you decide to purchase the property under company, it will attract 35% Additional Buyer's Stamp Duty on top of 4% normal stamp duty. For non-owner occupied properties, there will be a yearly property tax levied and the tax rates will be progressively increased. For more details, you may wish to refer to https://www.iras.gov.sg/taxes/property-tax/property-owners/property-tax-rates. On top of that, should you be renting out the property, income tax may also be applicable which you can read up more at https://www.iras.gov.sg/taxes/individual-income-tax/basics-of-individual-income-tax/tax-residency-and-tax-rates/individual-income-tax-rates.

Maintenance fees will be subjective on the share value of the property. Typically there is no management fees as most realtors here will assist to manage on complimentary basis, but it will be good to have a power of attorney appointed to manage the matters pertaining to the property.

Hope the above helps!

I have been in the real estate business since 2009, with more than 13 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
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