7 Answers

askguru expert
Geryl Lim
Dear sir/mdm,

Yes, you will be eligible to purchase a penthouse unit at a condo. Additional Buyer's Stamp Duty may apply depending on your nationality as foreigners from the few nations with FTA will have their ABSD exempted for 1st residential property in Singapore.

In addition, do ensure that you have the necessary finances ready for the purchase of the property. I do have some interesting choices for considerations.

I have been in the real estate business since 2009, with more than 12 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,
Geryl Lim
Associate Deputy Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main] +65 6471 8888 [mob] +65 81577565 [LDA] +65 92787772
www.geryllim.com
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YT Tan (陈永达)
Good morning Sir/ Mdm,

Yes you are eligible to purchase a private penthouse. Other than that, you are eligible to purchase apartment or landed in Sentosa.

By the way do take note that you will be subject to additional buyer's stamp duty of 20% as a foreigner buying a residential property in Singapore.

May I know how am I of assistance to your property purchase journey?

Best regards,

YT Tan
Property Kaki
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner

Contact:
Mobile: 91115171
Email: yt.tan91115171@gmail.com

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Aaron Chong
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, yes you are eligible to purchase any non landed private property.

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

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Tan Shi Kai
Hi there,

Yes, you are allowed to purchase a penthouse unit at a condo. However, do take note that Additional Buyer's Stamp Duty (ABSD) will be payable for foreign buyers. The ABSD will be 20% on the higher of the purchase price or market value.

Selected foreigners are eligible for ABSD remission under Free Trade Agreements (FTAs).

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.

I hope you find my sharing helpful. Feel free to reach me at 88273273 if you require any additional information.

Kind Regards,
Tan Shi Kai
陈诗凯
8827 3273
CEA Reg.No:
R064510D

Managing assets with the right mindset.

My integrity safeguards your interests Read More

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Silvia Yang
Hi Sir/Madam

1. Yes you are allowed to buy a penthouse unit at a condo
2. 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. ABSD (additional Buyer Stamp Duty) might apply depend on your Nationality and residency status and the number of property own in Singapore
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 and Nationals of the United States of America.
5. 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 will be glad to assist, 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

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Robbie Chen Chee Howe
Hi,

Welcome to Singapore! Hope you're enjoying your stay thus far!

And Yes, you are allowed to purchase a Penthouse unit in any condo development. There is no restrictions for foreigner ownership.

Do take note of the relevant stamp duties applicable. For Foreigners not under Free Trade Agreement, there will be an Additional Buyer Stamp Duty (ABSD) of 20% on top of the normal stamp duty.

I am experienced and well-versed in 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

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