Firstly, you need to be a Singapore Citizen in order to be eligible to purchase a landed property in Singapore, even for strata landed homes as well as leasehold landed homes.
In the event that you are purchasing under your Singaporean children, you are not allowed to be named as a co-owner if you are not a Singapore Citizen. In terms of loan, only your child's income will be assessed for the loan and any shortfall after the maximum loan has been granted will be purely through cash up front.
The typical entry price for an old house that requires massive works is now at $4m and upwards easily, depending on which are the locations that you are considering. In most high demand sub-urban locations, entry price will be $4.5m easily.
Private residential properties in Singapore cannot be rented out for period shorter than 3 months (a legislation). There is no hard and fast rule about engaging a buyer's agent to purchase the property or hiring a property manager to manage the rental. A lot will depend on the commitment of the owners whether they prefer a hands off approach or they will still want to be involve in the entire process.
I have been dealing with landed homes since 2009, and together with my team of landed consultants in Landed7772 where we have over 20 years experience primarily focusing in sale and purchase of landed homes here in Singapore, should you have any further questions, feel free to get in touch.
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I have been in the real estate business since 2009, with more than 15 years of experience serving the Singapore real estate market. Check out the EdgeProp featured article on myself recently at https://www.edgeprop.sg/property-news/geryl-lim-leading-landed-real-estate-heart-hustle-and-harmony
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 15,900 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
Deputy Branch Associate Director
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
+65 92787772
www.geryllim.com
My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0
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Note: We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us!
Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.
Visit and Like my facebook page at https://www.facebook.com/GerylLimSince2009/ - Aspiring To Be The Best Real Estate Agent In Singapore
Pick up knowledge, skills and Real Estate concepts at https://www.facebook.com/RealEstateXcellence/
New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/
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