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I am a German expat living permanently in Thailand.
I want to buy a condo in Singapore. What are the additional costs above the price of condo ?
If I rent it is there an income tax to pay and if yes where ?
I have a bank account in Singapore.
Regards, Karl.
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8 Answers

P. V. Ramesh Babu
Hi
I can assist you in this matter. You can reach me @ 91166802  or ramesh.res22@gmail.com to discus further.

P.V. RAMESH BABU
Mobile: (65) 9116 6802 
Associate Group Director
CEA Reg No: R045485D.
PropNex Realty Pte Ltd
(Licence No: L3008022J) Read More
1
Hi Karl!

Good morning! Firstly, I would like to thank you for your query!

The purchase breakdown of a condo is as followed:
-5% CASH ;deposit and exercise
[1% deposit AND 4% upon exercise]
-15% CPF (or cash if insufficient)
-3% Buyer Stamp duty; BSD
-15% Additional BSD for Foreigners
-Legal fee = $ 2,000~$3,500 dependent on individual legal firm.

*No tax to be paid for rental of unit.

Perhaps you can contact me at 96659926  for a short discussion for me to run you through the overview of the purchase framework, understand your requirements and specifications as well as calculate your finances on hand (Cash/CPF amalgamation) to construct a financial plan with payment timeline to narrow down ideal developments and shortlist exact unit layout type for your perusal. I have actively transacted many private properties (testimonials available on website) and since you may be unfamiliar with the process, you might want to tap onto advise and guidance in this regards, at no obligation of course.

I will walk you through the entire process from selecting developments/ arranging viewings, handling bank/finance aspect, arrange for your legal processing matters as well as handle all paperwork at no cost. The purchase of private property does not involve agent fees and thus, you will enjoy expertise at every level at no obligation and cost. Furthermore, I will take the opportunity to run you through past and present transaction caveat & illustrate a pricing and customised sales report with projected returns/ capital gains for you to observe and understand, offering market insights for your consideration. I will usually share about the property outlook with my clients and tailor make a plan that suits best for them in years to come. Thank You!

Visit my website for my recent accolades, awards and testimonials@ www.kumarrai.com.

D Kumar
 +65 96659926 
ERA Associate Division Director

#1 team of ERA in Singapore, Asia Pacific International for 2014/5/6/7

ERA 2015 Q1 Top Achievers (Top1%)
ERA Top Achievers 2013-2017
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group
Overall Top 100 achievers 2014-2016 Read More
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Hi Karl

Please contact me at (65)96608508  for non-obligation discussion for procedure to buy a house in Singapore
Thank you.

Warmest regards,

Silvia Yang
Propnex Realty Pte Ltd
 (65) 96608508 
Silviayang8@gmail.com Read More
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Hi Karl

Would you like to write to gavin.ng@orangtee.com.

I have assisted numerous investors in buying investment properties locally in Singapore and overseas ie England. Australia, Phillippines, Cambodia, etc.

Regards

Gavin Read More
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Hi Karl,

Additional costs on top of price of condo are as such:
(1) Buyer Stamp Duty; 1st $180,000 is 1%, 2nd $180,000 is 2%, subsequent amount is 3%.
(2) Additional Buyer Stamp Duty; applicable to foreigner is 15%, permanent resident is 5% for 1st property, 10% for 2nd etc.
(3) Legal fees
(4) Mortgage stamp duty if applicable

There are no income tax required to pay for rental, however, there is a Non-Residential property tax applicable; 10% of Annual Value.

Hope the above answer to your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com

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Robbie Chen Chee Howe
Hi Karl,

As a foreigner, you will be subjected to a 15% Additional Buyer Stamp Duty (ABSD), on top of the normal Stamp Duty (estimated 3%).

If you were to rent out the property, you will be subjected to property tax. You may also be subjected to income tax (tiered) as well.

Should you need any 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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