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I am a foreigner working in Singapore in Employment pass. Is it possible for me to purchase a second hand condo and give for rent from the date I purchase? Is there any rule that I cannot rent t out and only use for personal purpose?
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1 Answer

Johnny Goh Mui Huat
Replied
Hi Sir,

Yes, you buy either a brand new or second hand private property and rent it out immediately.

However, pls take note that you need to pay income tax from the rental yield.

Hope that i had answered your question.

Feel free to contact me if you required any assistance.

Thanks and Regards
Johnny Goh
Group Director
Dennis Wee Realty Pte Ltd
CEA registration number R018297H
Mobile: 90906267 
Email: johnnygohmh@dwg.com.sg
Website: johnnygohproperty.com Read More
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