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I am an expat moving to Singapore in August 2012. Planning to buy a home (apartment or condo) and wanted to find out about regulations, e.g.:
- what are the impacts of recent tightening on regulations for foreign buyers (add. 10% stamp duty ?) ?
- what portion of the purchase price can be financed ?
- how long does the transfer of a property to a new owner take ?

regards,
Seb
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1 Answer

Hi Mr Seb,

Welcome to Singapore! Glad to hear that you are going to buy a property here.

1) As a foreign buyer, you are able to purchase units inside apartment and condo, but not to buy a landed house.
2) From 09/12, the ABSD(additional buyer stamp duty) has been introduced. As a foreign buyer, you will need to pay 10% ABSD on top of the original 3%-5400 stamp duty. Hence the total stamp duty will be 13% - 5400. This applies to residental property only.
3) you are able to finance up to 80% of the BANK VALUATION of the house or the purchase price of the house, whichever is lower. The trancation takes 8-12 weeks.

Welcome to contact me if you need an agent for the work. Thanks. No agent fee charge from your side.

Robert Peng 9800 1968 
Robertpeng001@gmail.com
CEA reg No.: R042525J
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