Asked by Anonymous
What properties can foreigners buy in Singapore?
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2 Answers
Hi,
As a forigner, you only have choice of buying private condominium, apartment or executive condominium (EC) more than 10 years.
In general executive condominium was meant for SC, thus there are certain amount of subsidizes from the government. Thus price of EC is usually lower than private.
Of course, everything comes with a price. Appreciation from EC cannot match private, this is the only short coming from my analysis.
New EC are meant for citizen only, and you have to be PR to be eligible to purchase EC more than 5 years old.
Dependent on where you came from, it you are citizen or PR of USA, Norway, Iceland, Liechtenstein and Switzerland, you will be exempted from ABSD (Additional Buyer stamp Duty).
Due to current policy, all landed property are not open to any foreigner.
Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636 , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
Note:
Any response to our answer do not reach us until we scroll through each and every query posted daily.
The best way to get a follow up is to whatsapp or email us directly. Read More
As a forigner, you only have choice of buying private condominium, apartment or executive condominium (EC) more than 10 years.
In general executive condominium was meant for SC, thus there are certain amount of subsidizes from the government. Thus price of EC is usually lower than private.
Of course, everything comes with a price. Appreciation from EC cannot match private, this is the only short coming from my analysis.
New EC are meant for citizen only, and you have to be PR to be eligible to purchase EC more than 5 years old.
Dependent on where you came from, it you are citizen or PR of USA, Norway, Iceland, Liechtenstein and Switzerland, you will be exempted from ABSD (Additional Buyer stamp Duty).
Due to current policy, all landed property are not open to any foreigner.
Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636 , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
Note:
Any response to our answer do not reach us until we scroll through each and every query posted daily.
The best way to get a follow up is to whatsapp or email us directly. Read More
Hi there,
Not much to be discussed - commercial property is the way to go. The exemption of the 20% ABSD required when foreigners purchase residential property is good enough reason.
Feel free to contact me to discuss further.
Regards,
Teck Chuan
BBA (Finance), NUS
Marketing Director
ERA Realty Network Pte Ltd
Mobile: 91374602 Read More
Not much to be discussed - commercial property is the way to go. The exemption of the 20% ABSD required when foreigners purchase residential property is good enough reason.
Feel free to contact me to discuss further.
Regards,
Teck Chuan
BBA (Finance), NUS
Marketing Director
ERA Realty Network Pte Ltd
Mobile: 91374602 Read More