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Hello, for apartments/condo type property, there are mainly sub-divided into 2 types.
1. BUC units (building under construction)
2. Resale private property

I will share with you the outline of the steps overall. Of course this will be a stripped down version for your understanding.

For BUC units, the property is bought directly from a developer. An agent will facilitate the whole process.
1. Assess your affordability and loan eligibility. Secure loan with banker.
2. Choosing the right project and unit for potential investment capital appreciation.
3. Selecting the unit by paying 5% booking fee
4. Engage Law Firm and exercise Sales & Purchase Agreement (pay 15%)
5. Pay buyer stamp duties and additional buyer stamp duties
6. Pay mortgage per month based on how much bank have paid the developer (under BUC progressive payment scheme - propertyguru have a good article on it, you can google to find out more).
7. Legal Completion and moving in

For Resale Unit, it is a private treaty between 2 parties (seller and buyer). An agent will facilitate the process between 2 private parties.
1. Assess your affordability and loan eligibility. Secure loan.
2. Selecting what is available in the market
3. Seller issue option to purchase (OTP) - 1% fee
4. Buyer exercise option to purchase (OTP) - 4% fee
5. Pay buyer stamp duties and additional buyer stamp duties
6. Lawyers on both parties will assist with some legal activities such as lodging caveats, clearing of mortgage etc.
7. Legal Completion and moving in

Some other things to take note:
Maximum bank loan for a property is 75% of property purchase price. For a foreigner, the remaining 25% will be in cash.

There are plenty of 'mini-steps', layers of communication and areas that an agent will assist to ensure the process is stress-free and nothing is overlooked. I have access to bankers and lawyers who can facilitate the process as well.

Usually what i like to do is to meet up and go through some market direction and understand your requirements before narrowing down on products. It will be a quick presentation also to touch various topics about the market such as:
1. Property market cycle
2. Demand and supply and how to make sense of it
3. The market sweet spot in 2022

Feel free to reach out to me to understand further. Read More

Dear Buyer,
As a buyer, you need not pay an agent any fees. So, it is good to engage an agent like me to help you.

Next, as a foreigner buying a property in Singapore, there is a 30% additional buyer fees that you must pay to the Inland Revenue. for example, if the property is worth $1million, the following is your breakdown:-
a. Cost - S$1million
b. 3% basic stamp duty
c. 30% additional stamp duty
d. roughly $3k legal fees

So, in total you would have to pay around $1.333m. Please do contact me for an in-depth explanation and detailed search as to where your future apartment or condo might be.
Cheers!

Elan Govan
MABA (Lancaster)
Huttons Asia P. L.
 90170747 
www.goodpropertiesguide.com Read More

Dear Sir/Mdm,

I will be happy to give you an overview of the purchase process. For foreigners, you are allowed to purchase private apartments and private condos, however, you will be subjected to an Additional Buyer Stamp Duty of 30% of the purchase price and therefore you will need to take this amount into consideration when you purchase.

Please feel free to contact me so that I can understand your intentions better and assist you further!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020
Visit my website to know me better: www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
http://bit.ly/CEAnews

I have written a guide on buying Residential Property:
http://bit.ly/buypropertyguide

Testimonial from Satisfied Clients
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More

Hi
I would be able to assist you on this. In order to elaborate further, I will need more information in regards to your profile so that a more accurate and specific advise could be given. My service for purchasing of private property is 100% free. Do contact me at +6593375051  for a free and non obligatory discussion on this.

Regards
Taufik Hussein
CEA Reg No: R061607B
Marketing DIrector
ERA Realty Network Pte Ltd
Contact No: 93375051  Read More

Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, may I refer to you a mortgage broker too?

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi,

1) There are no restrictions for foreigners buying property except landed property.
2) All foreigners have the free will to buy a residential property in various types of tenure, be it as freehold, 999 yrs leasehold, or 99 yrs leasehold.
3) Foreigners are also able to apply for a mortgage loan from any private banks, the same interest rate and the amount entitled based on the active and passive income, receive locally or overseas.
4) MAS (Monetary Authority of Singapore) guideline on a mortgage loan is applicable to locals and foreigners. It is a maximum loan of up to 75% LTV (Loan-To-Value).
5) LTV means the loan amount is based on the value of a property determined by a licensed valuer appointed by the bank.
6) Thus anyone who needs financial assistance from a finance institute will need to conduct a TDSR (Total-Debt-Servicing-Ratio) assessment to determine how much he could receive. This assessment can be done by a banker or a property agent.

7) There are 2 types of residential property which has a different way of payment; Building-Under-Constructions & Resale.
(a) Building-Under-Construction (BUC)
deposit 5% for an OTP -> sign an S&P (Sales & Purchase agreement) within 5th weeks from the issue of OTP -> Pay buyer stamp duty within 7th week from the issue of OTP -> Pay 15% completion on 8th week from the issue of OTP -> Pay another 5% upon completion of foundation -> The rest of the payment will be settled by the bank if able to receive 75% loan from the bank.

(b) Resale
Deposit 1% for an OTP -> Exercise the OTP by paying 4% within 14 days from issue of OTP -> pay buyer stamp duty within 2 weeks from exercising the OTP -> Pay the remaining 20% around 3 months from the issue of OTP (assume the rest of 75% is settled by the bank).

Hope the above answer your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

Note:
Any response to our answer does not reach us until we scroll through each and every query posted daily.
The best way to get a follow-up is to Whatsapp or email us directly. Read More

Hi Sir/Madam

1) Foreigners are eligible to puchase non-landed private property.
2) Foreigners can even qualify for a mortgage if meet certain requirements.
Do you intend to take loan for your purchase?
If yes, Before shortlisting project/unit, I will suggest to check your in principal approval of your loan from banker.
I can connect you with reputable banker for this, free of charge and no obligation.
3) Based on $1 mill, and assuming loan is 75%
5% Cash = $50,000
20% Cash/CPF = $200,000
BSD (Cash/CPF) = $24,600
ABSD (Cash/CPF) = might apply
Legal fee = $2,500 (estimated)
Please contact me at (65) 96608508  and I can share you the breakdown for this calculation including timeline.
4) How many bedrooms are you looking at and which area you prefer?
I have current price list, promo of every projects in Singapore and will be glad to advise you

I have assisted many foreigner purchase their Singapore property and will be glad to assist you as well
No agent fee from private property buyer
Appreciate if you can contact me at (65) 96608508 
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More

Hi,

Sure, please drop me a WhatsApp message, and we can take the discussion there.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More