AskGuru Q&A Community

Hi,

Yes you are right with the FTA treatment in terms of stamp duties for residential purchase. Breakdown of purchase price as follows:

20% cash
3% stamp duties and legal fees (approx)
80% max bank loan.

For foreigners purchasing Sentosa or landed residential properties on the mainland Singapore, they are required to apply for approval with Land Dealing Approval Unit under Singapore Land Authority (SLA), who will assess your eligiblity to purchase. You need the approval before you can commit to any purchase.

However, you are eligible for all freehold/leasehold approved condominium (non-landed private residential) projects. These require no prior approval from SLA.

Thanks and may I understand your requirements and long term plans further so as to value-add? Hope to discuss more over email.

Warm regards,
Ivan ERA
 97432395 
ivanng10@gmail.com
www.ivanng10.com Read More

Dear investor,

Ivan has drawn out the estimated financial outlay required in the investments, I am definitely interested to know why are you considering investing only in Sentosa Cove or Orchard location, since rental returns are definitely at almost all time low if not lowest while the monthly mortgage commitments required for the purchase will probably be way upwards from the rental returns, which does not make sense on the investments perspective. It is definitely interesting to find out what your perspectives are since there are many Singaporeans who are investing their money into the US market like the oil boom town in North Dakota for example, and you are coming the opposite direction.

Visit and Like my facebook page at https://www.facebook.com/propertyblogshop/

New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/

Regards,

Geryl LIM
Real Estate Director
Masters Of Real Estate
M.O.R.E Property Pte Ltd (L3010548F)
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

M.O.R.E Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now! Read More

Having lived and worked in NYC USA for many years, I know how different real estate transactions are between the 2 countries.

Get in touch with me at khim.wang28@gmail.com or +65 9169 5023 

I am confident I will be able to help you with all your queries and to help you find the perfect unit.

regards
Steven Wang
DTZ Property Network Pte Ltd
khim.wang28@gmail.com
 (+65) 9169 5023  Read More

Hi, please drop me an email for me to send you the financial work out. More information is required and share example loan, SSD, LTV, TDSR ...etc

I can be reachable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More

hi contact me at 97970200  if you still on the lookout for investment opportunities

Mark, your RIGHT choice
Shenton Realty Homes Read More