8 Answers

Ling CK
Hi,

There are no restrictions for you to own a private property in Singapore despite owning another property overseas.

I guessed the concern you have could be does ABSD applied to the property count overseas.

The answer is ABSD count is based on property in Singapore. Thus as a PR, your share of ABSD is only 5% on top of the usual Buyer Stamp duty (BSD).

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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Belinda Zhao
Unlike HDB, you do not need to dispose your overseas property to buy a condo in Singapore. Do take note of ABSD involved for PR, with the recent changes on regulations, you need to prepare 5%+4%-$15,400 for stamp duty.

Feel free to call for further discussion or email for a list of carefully shortlisted properties based on your specific criteria.

Warmest regards
Belinda Zhao
Associate Senior Marketing Director
CEA Reg No. : R051311G
Propnex Realty Pte Ltd
Mobile: (65) 9628 0661
Email: belindazhao1@gmail.com
https://newlaunchguru.sg/ Read More

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Ivan Ng
Hi,

There is no need to dispose your overseas property if you are buying residential property in Singapore. Do note an ABSD of 5% applies for SPR 1st residential purchase. Freehold condo is also possible.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/clientreviews
(Client's Testimonials)

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Shawn Chew
Hi

Under Private condominium, there is no restrictions.

Do take note of the 5%ABSD
and the newly implemented 4%BSD for property more than 1million.

min down payment : 5% Cash
Balance 15% : Cash or CPF
BSD : estimate 3% based on property value
ABSD : additional 5%
balance 80% : bank loan

its better to work out the finances 1st, and then go shopping for the property that will match your objectives.

Hope this helps.

Br
Shawn
90294371
shawnchewproperties@gmail.com Read More

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Mark Ng S W
Hi You are able to purchase a private condo without disposing your overseas property. Do contact me at 97972000 to discuss more

Mark, your RIGHT choice
MCG Read More

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Gavin Ng
Hi

Unless you are buying HDB flat. Otherwise, there is no restriction.

You may want to write to gavin.ng@orangtee.com to discuss your investment. I have assisted numerous investor in buying properties locally and overseas.

Gavin Read More

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Nick Tan
Dear Sir/Mdm,

There is no restrictions in foreign property ownership when purchasing a private condo in Singapore. However you will need to factor in the 5% Additional Buyer Stamp Duty that you will be liable as a SPR in your financial planning.

Please feel free to contact me so that I can understand your needs and objectives before I can assist you further!

Regards,
Nick Tan
(M) +65 9644 4854
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
Visit my website to know me better: www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
https://www.cea.gov.sg/docs/default-source/module/newsletter/3-2017/bouquets-for-property-agents.html

Testimonial from Satisfied Clients (2016/2017)
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More

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Mark Ng S W
Hi Do contact me at 97970200 to discuss more

Mark, your RIGHT choice
Propnex Read More

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