Both will incur ABSD of 15%, hence there's no advantage in choosing either. For loans wise, the max loan-to-value can go up to 70%-80% for individual purchase, but only 20% for company purchase. Thanks and look forward to value-add to your housing plans further.
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude
Contact: (+65) 97432395
Facebook Page: www.facebook.com/ASAProp
(Client's Testimonials) Read More
It may be advisable to purchase as a foreigner as compared to buying under a company. As a foreigner, you will be able to leverage and secure a higher loan as compared to buying under a company although both are subjected to a 15% ABSD.
However, if you are buying a GST registered property, it may be more worthwhile to purchase it under a company as you will be able to claim back the GST.
Please feel free to contact me if you need further assistance.
(M) +65 9644 4854
Testimonial from Satisfied Clients (2015/2016)
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)
“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)
“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)
“Nick from Property Avenue has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More
Purchase via personal is advisable as it is more straight forward.
To assist and advise you more in details, kindly drop me an email for me to share.
I am contactable at my mobile or email.
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I have done before deals in both commercial and residential sector where company name is used as an investment vehicle to purchase property.
However there are certain requirements and local government rules and regulation in purchasing property using such vehicles. As a foreigner you will still need to pay 15% ABSD.
There are few permutations in buying via a company :
1. Bank via a company owned by you. Company already has a working capital, profit and loss statement, i.e. a business running for a few years.
2. Newly set up business for hold the property
3. Investment holding company.
All above depends still on financial standing and scrutinise by the banks before they offer you loan package (if loan is needed)
You can reach me at 96722265 to find out more and for a quick non-obligatory discussion.
Thank you. Read More
If you purchase under either scenario, you will be liable for 15% additional buyer's stamp duty thus status quo.
But if you purchase as a foreigner, you will be able to loan up to max 80% bank loan as for company, you will only be able to do so up to 20%.
Conclusion, it will be best to purchase as an individual than a company.
Hope my sharing is beneficial to your property purchase.
May I know how can I continue to value add further in this purchase?
YT TAN 陈永达 | ACCA Graduate, RES
Propnex Realty Pte Ltd
(M): +65 9111 5171
(W):www.yttan.com Read More