Dear sir/mdm,
Depending on ownership arrangements and how long the purchasers have held the SPR, they can actually own all property types except for landed homes in Singapore if they are 21 years old and above.
If you and your co-owner who are both SPR for 3 years or more in Singapore and fulfil the eligibility criteria to purchase a resale HDB, you can actually look at purchasing a resale HDB and their price is as low as $300,000. There is a 5 year Minimum Occupation Period before you can sell and in the event that your residency status is removed, you will be required to sell.
Otherwise, you may consider purchasing a non-landed private residential property, commercial or industrial property. In this case, you can hold on to this property even if you are no longer a SPR. Do take note that ABSD is applicable on all residential properties purchase and GST maybe applicable for commercial and industrial property purchases depending if seller is a GST registered company.
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
[mob]
+65 81577565
[LDA]
+65 92787772
www.geryllim.com
My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0
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Note: We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us!
Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.
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