Ananth, there has been a recent slew of new regulations for buyers of residential property.
There are additional stamp duty payable, for your first residential property purchase, you are looking at 15% of the purchase price on top of the regular stamp duty of 3%.
So hence for a S$1M property, you would need to pay S$180K in stamp duties.
This is for apartments & condominiums.
Foreigners are not allowed to purchase houses (ie landed properties), without prior approval from the authorities.
Email me and I can send you more specific examples, and do a financial costing for any purchases you wish to make.
Yian Tay
ERA Realty Network Pte Ltd
Mobile:
82884499
Email: yiantay.era@gmail.com
CEA Regn - R027190C
Read More
