Hi Ranil,
We will be pleased to assist further, for Bugis locale, the current closest comparison project is likely Duo Residences where their 2 bedrooms apartment around 800sqf thereabout are going for price range around $7,000. For Wallich Residences at Tanjong Pagar, 2 bedrooms of similar size is going for ranges around $8,500. Hope the above helps. As a foreigner looking to purchase a private residential apartment here in Singapore, you are subjected to Additional Buyer's Stamp Duty of 30% on top of the normal buyer's stamp duty of between 3 to 4% of the purchase price.
On top of this, if you were to rent this property out, the property tax subjected will be on a non-occupier basis tax rate where there will be adjustments upwards from 2023 onwards. To find out more about the property tax rates, you can visit https://www.iras.gov.sg/taxes/property-tax/property-owners/property-tax-rates for details. Not only that, the rental collected from this apartment will also be subjected to prevailing income tax.
Hope the above helps!
I have been in the real estate business since 2009, with more than 13 years of experience serving the Singapore real estate market.
I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.
Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.
With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.
We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!
Warmest regards,
Geryl Lim
Associate Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main]
+65 6471 8888
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+65 92787772
www.geryllim.com
My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0
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