4 Answers

D. Kumar
Hi,

You could easily purchase a property, you would however incur 15% additional buyer stamp duty as a foreigner.

If you think in a long term perspective and wish to not just own a property but at the same time achieve some financial capital gain via purchasing a property, I reckon this tax should not act as a deterrence. The Singapore property market is on a downside and prices are already at its low. There are currently massive discounts and firesales of up to 30% on properties even in the prime district. This discounted price can be treated as an offset to your taxes plus cheaper than you would purchase if you would move your purchase to another time. Government has spoken about the Reviewal of measures in the property market which may cause a revival in demand and prices in soon.

Let's get in touch at +65 96659926 for me to understand your requirements, expectations and objectives. Following that, I will work out the financial calculations cash flow and breakdown of purchase with progressive payment to see which options you can consider.

Furthermore, do note that there is NO agent fees involved and I will walk you through this whole tedious process step by step consisting of : explanation of procedure, shortlisting, negotiation, paperwork, establishing financial projections / application of loan, sharing of market insights, providing up to date transaction caveats & price analysis of properties as well as and handling all technical and legal matters at NO cost!

D Kumar
+65 96659926
ERA Associate Division Director
www.kumarrai.com

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Ivan Ng
Hi,

For an overseas company/foreigners to purchase residential property, stamp duties of 18% apply. For purchase of commercial properties, stamp duty of 3% apply. Financing-wise, it depends on the bank's assessment of the company's and/or directors' finances.

For Renting office/residential, it isn't an issue as long as there is a valid company incorporated in Singapore, and valid employments passes for the managing director/employees.

Thanks and hope to discuss further to your relocation plans.

Warm Regards,
Ivan Ng
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Email: Ivanng10@gmail.com
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Chai Chin Yun
Hi Mr Ta Chien,

It is possible. I have assisted clients such as yourself previously in the setting up of their office here in Singapore. Probably you may contact me at +65 9630 3137 or email to cychai.wtg@gmail.com.sg to discuss further.

Warm regards,
CY Chai Read More

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Geryl Lim
Hi Mr Ta Chien,

Yes, foreign entities are allowed to purchase resisdential apartments and offices in Singapore, subjected to the applicable stamp duties as highlighted by my fellow professionals above, but the key considerations will be how these properties are beiing financed as it is usually very strict when it comes to borrowing for foreign entity in property purchases.

Let me know how else can my residential and office team value add in your planned expansion here into Singapore, especially to savings in terms of your purchase.

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

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Regards,

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

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