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I am a Singapore Permanent Resident and my PR is going to expiry in Nov 2013. I do NOT intend to extend my Singapore PR as I have not been in Singapore for the past 5 years. Can I buy a private property without paying the stamp duty for foreigners? How do the Singapore government determines the cut off date for paying foreigners stamp duty? The date of the S&P or date of completion of full payment?
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2 Answers

Hi Patrick,

In order for you to save big on buyer stamp duty under foreigner bracket, you have to accomplish the following before Nov20013:

1) Get your bank loan limit (Takes 3-7 working days)
2) Pick a private property within your budget and preference
3) Get a lawyer and sign Sale & Purchase Agreement (Takes 3-5 working days)

I would suggest you pick something from new launch because:

1) Direct price from Developer and spoilt with unit availability
2) Enjoy progressive payment scheme
3) Avoid all those price negotiations with resale market owners.
4) You can afford to wait for the building time since you mentioned that you will be based in overseas. Yet there are projects that will be ready in less than 1 years’ time if you are looking for earlier rental returns.
5) It will be brand new, be it for rental investment or future own stay.

Please contact me and we got to act fast before you turn into a foreigner ^.^

Mike Heng
BSc in Finance
(M) 9274 1350 
(E) mike_hengtk@hotmail.com
DTZ Property Network Pte Ltd - R044169H Read More
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Hi,

Regard to your question. Why not you just drop me an email at ot1984pierre@gmail.com or Contact me @ +65 8 2 7 9 8 3 2 7 - Whatsapp / Call / SMS

Why Should Sellers/Landlords engage me? Contact me @
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Shalom

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