AskGuru Q&A Community

Hi, to avoid addition cost on seller stamp duty, you need to hold the property at least 4 years. Let me share with you the financial work out for both rent and own. This will help you to decide which option to go for.

I am reachable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More

Good evening Wie,

Purchase will definitely be a better choice compared to rental since you are going to stay for that long in Singapore and it will depends whether are you financially capable of doing so.

To purchase a private property, you need to fork out an initial outlay of at least 23% of purchase price upfront if provided you can obtain a 80% bank loan.

Maybe you can share more information about your situation so I will be in a better position to advise you.

Hope to hear from you soon! Have a great holidays ahead! Cheers!

YT Tan
ECG Property
 9111 5171 
Yt.lovelyhomes@gmail.com Read More

Hi Mr Chen, if you are staying for more than 3yrs, purchase will be a better option. Otherwise you can choose to lease for 3yrs if you are intending to only stay for short term.
Let me assist you in settling down.
Do give me a call or sms at 91442664  for further discussion.
Look forward to hear from you.
Tricia Tan 91442664  Read More

Evening Wie Chen,

If you are staying for more than 4 years and your financial ability permit, it's definitely better to buy than rent. You can opt to sell it off before you leave Singapore, if you own the property which might provide you with good returns.

DO feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Dear sir/madam,

Although the seller stamp duty is applicable for properties sold within 4 years of acquisition currently, I would like to estimate that at the end of your 3rd year here in Singapore, you could probably look at decent resale price for this property to offset the seller stamp duty applicable. On top of that, your monthly payment to the apartment will be recovered should you decide to sell upon your departure from Singapore or perhaps continue to rent it out for passive income, thus it is definitely better to buy than lease.

Let me know how I may assist you further.

Visit and Like my facebook page at https://www.facebook.com/propertyblogshop/

New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/

Regards,

Geryl LIM
Real Estate Director
Masters Of Real Estate
M.O.R.E Property Pte Ltd (L3010548F)
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

M.O.R.E Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now!

UK Hotel Investment opportunities from only £54k. Trusted brand name with 7% returns over 2 years at least and sound exit strategies. Low quantum hassle free investment programs for you. Find out more today! Read More