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I'm a Singaporean and my husband is a British. I own my pte property in Singapore and he own his in UK. We are thinking of buying another property in Singapore. Is it ok to pay all in cash or will the authorities think that we are engaging in money laundering activity?
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7 Answers

It is definitely something which can raise a brow or 2, however, if you are able to justify the source of your funds are legitimate, I do not see why there is any issue to be concerned of.

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Robbie Chen Chee Howe
Hi Mdm,

As long as your conscience is clear, and can proof that your money is of legitimate sources, that you're not involved in money laundering or terrorist financing, there will not be an issue at all.

There is no law that says we cannot purchase property without taking a loan, or that we must take a loan if we purchase a property.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you and your partner in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
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Hi there,

As long as you can prove the source of your monetary funds to be legitimate, there is nothing to be wary about. Perhaps you can contact me at 96659926  for a non obligatory discussion for me to understand your requirements , specifications as well as finances on hand (Cash/CPF amalgamation) to be in a better position to conduct the financial calculations plan with payment breakdown timeline - in order to shortlist and construct a customised list of units in line with your requirements to explore, for you perusal.

The purchase of private property requires no agent fees and as such- I will walk you through the entire process from selecting developments/ units , arranging viewings, handling bank/loan liase, prepping the financial plan and timeline, as well as arrange for your legal processing matters and all paperwork at no cost. Furthermore, I will take the opportunity to run you run through :
(1) Key Financial Loan approval process for purchase (IPA) + Financial Computations/ Payment Breakdown
(2) Offer insights to the property market outlooks
(3) Explain the entire purchase procedural framework involved - what happens post option to purchase (OTP) , step by step
(4) Computing and sharing past and present transaction caveats, illustration of price analysis as well as churning a customised sales report with projected returns/ future approx capital gains % for you to observe and understand the value and residential capital appreciation yield. Thank You!

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D Kumar
 +65 96659926 
ERA Associate Division Director

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Hi

There are people who pay full cash for their property.

If you are in UK, you may make a bank transfer. Generally, the bank will verify the source.

You may write to gavin.ng@orangetee.com for further questions.

Regards

Gavin Read More
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Thea Hoi Shu Min
Good day to you! I would be more than happy to assist you in your house searching process. I strongly believe that as long as you can justify the source of your funds for the next property purchase it will be fine. Please be assured that there are many full cash purchases in Singapore.

Feel free to give me a call at 81255537  or email me anytime in order to send you a report on the available properties that suits you. Hope to hear from you soon!

Warmest Regards
Thea 81255537 
thea.hoism@gmail.com Read More
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Hi,

You can definitely pay cash for your property purchase. Nonetheless, it may be useful to get an agent to assist you in the purchase as you are making a second purchase of residential property as it will incur ABSD of 7% up to 15% on top of the normal BSD of up to 4% of the sale purchase.
You can email dfsr2010@gmail.com or call 94386522  to understand more.
Thank you. David. Read More
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Hi Sir/Madam

There is no issue with purchase a property using full cash..
Let me know if you need further assistance to source for an unit.

Thanks.

Raymond Lim
CCN Realty Pte Ltd
 91388805 
Email: raymondshaq@hotmail.com Read More
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