Asked by Anonymous
Hi Everyone,
I have a question regarding buying a condo in Singapore. I am currently working in Singapore with an EP and I am applying for my PR since I plan to settle down here in Singapore. However, as we all know, there is a 10% difference in ABSD rates imposed on foreigner and PR on buying property.
Let's say that I finally receive my PR and I bought the property with 5% ABSD rates. Then, five years later, I decided to go overseas to pursue a new career opportunity and I decided not to extend my PR. My question is: do I need to pay any additional property fee if I plan to still have my Singapore property? I will still be paying for the property loan.
Thank you very much for the answers in advance. I really really appreciate it.
Cheers,
Kev
I have a question regarding buying a condo in Singapore. I am currently working in Singapore with an EP and I am applying for my PR since I plan to settle down here in Singapore. However, as we all know, there is a 10% difference in ABSD rates imposed on foreigner and PR on buying property.
Let's say that I finally receive my PR and I bought the property with 5% ABSD rates. Then, five years later, I decided to go overseas to pursue a new career opportunity and I decided not to extend my PR. My question is: do I need to pay any additional property fee if I plan to still have my Singapore property? I will still be paying for the property loan.
Thank you very much for the answers in advance. I really really appreciate it.
Cheers,
Kev
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