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Hi Nike,

As you are going to be in Singapore for 2 years, it will be better to rent. I am assuming that it will be your first time in Singapore.

My colleagues in previous replies did rightly point out the high transaction costs involved.

However, the one missing component is that there is the "Sellers' Stamp Duty" if you have to sell, when you return home at the end of your tenure. This duty is applicable (at reducing rates) if the property purchased is sold within 4 years.

Given the 2-year tenure, it is likely to be in the 12% range.

If you choose to purchase, you could consider holding on to the property as a foreign owner, and leasing it out when you leave. The sell it later if the prices appreciated in future.

Do give me a call if you need clarification at 9642-2792  or email your questions at fxnhomes@gmail.com

In the meantime, a warm welcome to Singapore. I wish you a pleasant stay.

Regards,

FRANCIS XAVIER NATHAN
Asst Head Training cum Team Director
CBRE RAPL Read More

Hi Nike,

My opinion differs from most of my fellow professionals in this thread. I always believe that if you have the upfront fundings to purchase, it will be a better option to purchase. You maybe liable for the various stamp duties involved, but at the end of the day, you will still get some of returns. Who knows that there will be a sudden spike in the market and you maybe looking at healthy profit, however if you choose to rent, you are looking at losing $96k over the 2 years you are on rental, not including the possible agent's fees and stamp fees involved.

At the end of the 2 years tenure, you have the option to rent out your apartment for a couple of years perhaps before selling if you have the intention to avoid the seller's stamp duty.

My 2 cents worth of opinion. Whatever you have in mind, JUST DO IT!

Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565 
Email: lim.geryl@yahoo.com.sg Read More

Hello Nike,

You already have many suggestions.

My take if you are going to rent a property at 4k for say 2 years which would amt to 96k - you are still not creating an Asset.

Please drop me a mail on realproperty63@yahoo.com.sg and shall write a detailed note on this subject.

Thanks and regards,

Radhika Prakash
Ex Banker, Global Realtor
DTZ Debenham Tie Leung
 93380071  Read More

Hi, hopefully you managed to get your doubt or query answered. If, so then congrats! Hopefully you are doing well now.

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landonchew@email.com Read More

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