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Hi Mr. Tang,

For foreigners purchase, a 18% total stamp duty is payable and another 20% for downpayment is required. Total adds up to 38%, hence about 380k for a $1m property, provided you can get 80% loan. Is that something you are open to? For SGD$1m there are also commercial properties to explore but options are a bit limited. Thanks and hope to understand your requirements further so to value-add to your plans.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
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Good afternoon Weng Chong,

The initial outlay will be at least 38% of the purchase price if you are going for residential property.

1) 20% downpayment
2) estimated 3% buyer's stamp duty
3) 15% ABSD as foreigner

This will affect your net rental yield.

As for commercial or industrial units, you are right that you will not subject to ABSD. You can opt to go for retail or industrial. Net rental yield usually is better than residential but it still boils down to whether are you able to secure a tenant for each sector.

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

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Hi Weng Chong,

You may choose to get a residential unit for investment, but with the 18% stamp duty, you can only effectively get a unit worth less than $850k, not a very wise investment choice I reckon.

If you get a commercial property, you still can get one worth about $970k, and have the security of getting longer leases than residential units.

Feel free to contact me at your convenience, and we can carry on from there.

Thanks and regards,
Teck Chuan, Ng
BBA (Finance), NUS
ERA Realty Network Pte Ltd
Mobile: 9137 4602  Read More

Hi There
residential properties usually give you better yield in comparing with commercial properties. For commercial properties it more of a long term potential growth. Lets have a thorough discussion, I would be able to share and filter down the projects suitable for you. You can reach me via 91442664  .
Tricia Tan 91442664  Read More

Hi Mr Tang,

Re: Our Preferred Experienced SG Professional

I have a list of commercial property for sale from 500K to 16.5 million. Feel free to surf my listing at agent.myweb.sg

Feel free to engage me as your agent. I can assist you based upon your stated contents and walk you through the entire process with options.

Call me now, we can explore further in detail.

I am contactable at 92222389  or onassis@sgrealtor.com / sgagent.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.

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Typically I have classified investors into 2 groups.

First group will be those looking at immediate rental returns.

2nd group will be those looking at long term gains (capital appreciation).

First group of investors will tend to choose the leasehold projects nearer to MRT which have a tendency to get better rental returns but leasehold projects usually will have their "run-out date" where it will be tricky to liquidate after certain time frame.

2nd group of investors will tend to choose freehold projects where as much as possible, be near to amenities. These investors will likely opt for the lowest price in terms of per square foot basis such that the room for capital appreciation is higher.

Coincidentally, I am marketing 1 project which is near to MRT and freehold. It is a 1 bedroom apartment where units can be rented out fast as it is within comfortable walking distance to MRT and there are plenty of eateries nearby. The project is near Novena, which is just outside D9 and D10. Owner is expecting $700k but willing to negotiate. Last offer rejected 2 months back was $660k.

Claim your free home report today at http://bit.ly/ClaimFreeReport.

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Regards,

Geryl LIM
Associate Marketing Director
Global Alliance Property (L3010679B)
CEA Reg R014783H
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