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Good morning,

Do let me advise you on rental and purchase in Singapore.

Rental:
Security deposit and commission payable will depends on years of lease.

Practice:
1) letter of offer with good faith deposit (1 month's rental)
2) 1 month (1 year lease) or 2 months' rental (2 years lease) as security deposit when you sign the tenancy agreement
3) 0.5 month (1 year lease) or 1 month's rental ( 2 years lease) as commission payable to your representative when you take over the unit.
4) Stamping of tenancy agreement is borne by the tenants

As for purchase:
1) if you dont have an existing outstanding housing loan, you can loan up to 80% (still subject to total debt servicing ratio) with a max loan tenure of 30 years or retirement age of 65 years old. Downpayment will be 20%.

2) as a foreign purchaser, you need to borne additional 15% buyer's stamp duty on top of the usual 3% buyer's stamp duty (estimated).

3) interest rates are competitive between banks nowadays. It will be best to check when you are ready for house purchase.

Hope my explanation helps!

If you need any assistance or advice in your relocation to Singapore, feel free to contact me. Cheers!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com
(W): www.propertyavenue.com.sg Read More

Hi gd day.
For lease, its 1 month deposit based on 1 year contract. 2 months deposit for a 2 years contract. Agent fees applies.
You may reach me via 65 91442664  or email for a detailed of the breakdown of the financial for buying a property in Singapore.
Thank you.
Tricia
email: trishtt80@gmail.com
mobile: 65 91442664 
www.triciatan.myweb.sg Read More

Dear relocator,

Let us move forward 1 step at a time and address your questions on rental first because we are unsure if there will be any policy and regulatory changes 2 years down the road.

For rental in Singapore, depending on the tenure of rental, the tenants are typically required to prepare 1 month worth of security deposit plus 1 month advance rental for 1 year rental agreement and 1 more month for security deposit for 2 years rental agreement. The tenants will also be required to pay stamp fees for the rental agreement calculated at 0.4% of the total rent payable.

As for professional fees in brokering the rental, it will be half month of the rental for each year of rent. 7% GST is applied to this amount.

Do also take note that as a tenant for a whole unit, you are responsible for paying of electrical, power and gas supply. These are some of the hidden costs which may not be explained to prospective tenants first time in Singapore. I have a facebook group "New Singapore Expats" where fellow expats who are new to Singapore gather and exchange information. You are welcome to join us too.

Visit and Like my facebook page at https://www.facebook.com/propertyblogshop/

New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/

My self introductory video on https://youtu.be/6UfrCOCB6Mg

Regards,

Geryl LIM
Real Estate Director
Global Alliance - Masters Of Real Estate
M.O.R.E Property Pte Ltd (L3010548F)
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

M.O.R.E Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now! Read More

Hi,

For rental -
1 year lease, 1 year deposit and rent.
2 years lease, 2 years deposit and rent.
Stamp duty.

For purchase, I suggest you do work alongside a professional agent to run you through step by step and work through your finances comprehensively in advance to prepare you for the future purchase. I will be glad to run you through the framwork and explain in detail what you need to take note of. Do visit my website for my latest awards and testimonials @ www.kumarrai.com. Thanks!

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com ( Recent Awards and Testimonials)

#1 team of ERA in Singapore, Asia Pacific International for 2014.

ERA 2015 Q1 Top Achievers (Top1% of ERA)
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2014 ERA Asia-Pacific Business Conference Elite Award

P Group
2015 Feb/ April/May/June/ July/ August ERA Top Achievers
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Hi,
The procedures for renting are
- 1 month security deposit for each year lease
- 1 month advance rental upon signing agreement
- security deposit depends on number of months of lease
- agent fee of half a month + gsf for each year lease (may waive but depends on the length of lease)

For purchase, foreigner only eligible for private condo.
- the ABSD for foreigner is 15% (depends on nationality, may able to avoid)
- the max loan quantum is 80% of the purchase price
- loan amount will depend on the monthly salary
- loan tenure depends on the age, max up to 30 years or age of 65
- current interest rate is around 2.8%

To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More

Hi,

Re: Our Preferred Experienced SG Realtor

We can assist you based upon your stated contents and walk you through the entire process.

Call us now, we can explore further in detail.

We are contactable at 92222389  or onassis@sgrealtor.com.

In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

Onassis Gan | R021244C | CES Certified SG Realtor l SGRealtor.com
EXPERIENCED. PROACTIVE. SINCERITY. FEEDBACK
ACTA (Full); PDCE (Singapore); Msc BIT(Middlesex); BBA (South Australia)

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