Hi,
As a foreigner, the initial cash outlay for residential properties would be:
20% Cash - 5% Cash & 15% CPF
3% Buyer Stamp Duty
15% Additional Stamp Duty
$3k Legal Misc Fees
NO agent fees
I reckon this tax should not act as a deterrence if you are looking at the long term perspective; of achieving financial gain while obliging your own stay objective. The Singapore property market is on a downside and prices are already at major lows. There are currently massive discounts and firesales of up to 30% on properties even in the prime district. This discounted price can be treated as an offset to your taxes plus cheaper than you would purchase if you would move your purchase to another time. Government has spoken about the reviewal of measures in the property market which may cause a revival in demand and prices in soon.
Let's get in touch at
+65 96659926
for me to understand your requirements, expectations and objectives. Following that, I will work out the financial calculations cash flow and breakdown of purchase with progressive payment to see which residence options you can consider.
Do note that there is no agent fees involved and I will walk you through this whole tedious process of : explanation of procedure, shortlisting, negotiation, paperwork, establishing financial projections / application of loan, sharing of market insights, providing up to date transaction caveats & price analysis of properties as well as and handling all technical and legal matters at NO cost!
D Kumar
+65 96659926
ERA Associate Division Director
www.kumarrai.com
#1 team of ERA in Singapore, Asia Pacific International for 2014.
ERA 2015 Q1 Top Achievers (Top1%)
ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award
P Group
2015 April ERA Top Achievers
2015 February ERA Top Achievers
2014 Aug/Sept/3rd quarter/Dec/ overall 2014 ERA Top Achievers
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