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I heard from friends that in Hong Kong it is very common for multiple home owners to use BVI registered companies (rather than in their own personal name) to purchase the properties they hold as investment. Is this commonly done in Singapore as well?
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1 Answer

Richard Wan
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Hi Investor, such practice is not as common in Singapore. This is due to the low property tax if the owner stays in the unit (4% of annual value). For all company-held property, the property tax is 10% of the annual value.

Regards,
Richard Wan
Black Diamond Real Estate
richardwan@live.com
 94363793  Read More
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  • DL
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    Thanks a lot Richard. But in most cases, these are set up for investors with multiple leased out properties. In Hong Kong, I heard that when you use a BVI company to buy a property, it is stamp duty exempt. Not sure if the same in Singapore...

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