Asked by li
Hi, I am a Chinese national planning to invest in the property market in Singapore, however, I am not familiar with the laws in Singapore; here are some questions I have
1) are foreigners allowed to buy private properties (e.g bungalows and penthouses)? Any restrictions?
2) Can someone explain and elaborate these Additional costs (how much I have to pay as a foreinger) such as stamp duty, property tax, personal income tax for foreigners who are not residing in Singapore but buy property for investment/renting out.
3)What are the steps I have to take to invest in properties in Singapore? Do I have to get a local lawyer to settle legal issues like signing of contracts or just any qualified sales person will do?
4) Am I allowed to purchase 10 properties at one go? Is there a limit to the number of properties I can purchase? [I am planning to invest in properties in Sentosa as well as well-known districts 9-11]
1) are foreigners allowed to buy private properties (e.g bungalows and penthouses)? Any restrictions?
2) Can someone explain and elaborate these Additional costs (how much I have to pay as a foreinger) such as stamp duty, property tax, personal income tax for foreigners who are not residing in Singapore but buy property for investment/renting out.
3)What are the steps I have to take to invest in properties in Singapore? Do I have to get a local lawyer to settle legal issues like signing of contracts or just any qualified sales person will do?
4) Am I allowed to purchase 10 properties at one go? Is there a limit to the number of properties I can purchase? [I am planning to invest in properties in Sentosa as well as well-known districts 9-11]
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