Q: Can foreigner buy singapore property?
A: yes, foreigners can buy private residentiall (non landed), commercial and industrial property in Singapore.

Q: other than the property price, what are the other cost?
A: for residential, foreigners need to pay 18-19% stamp duty. For commercial and industrial properties, buyers need to pay 3% stamp amd 6% GST. Legal fees cost are $3000.

Q: Are foreigners eligible for bank loan:
A: Yes, loan to valuation up to 80%

Q: does buyers need to pay commission
A: buyer does not need to pay commission.

Q: currently what is the bank loan interest rate (2018)
A: it is around 1.5%-2%

Q: what is the rental yield
A: around 3-3.5%

Q: what is the quantum of Singapore private property?
A: it is from S$600,000 onward.

Q: why Malaysians buy Singapore properties?
A: 1. Singapore property market is well regulated by Singapore governmemt.
2. Easy to rent out. Vacancy rate for residential property is only around 5-8%. Many expatriates work in Singapore
3. Positive cash flow. Rental yield is around 3-3.5%, bank loaninterest is 1.5% only.
4. Good capital appreciation.
5. Stable and appreciating currency. It was RM1 = $1 in 1960. Now it RM3 = $1
6. Easy to collect rent. Dont have to worry too much that the tenant does not pay rent
7. Singapore land scarcity
8. Growing population. Singapore targets population of 6.9 million. Currently, Singapore population is 5.6 million.
9. Malaysians buying Singapore property for their children who are working or studying in Singapore.
10 Diversification
11. One of the world safest country.

For more detail about Singapore property investment. You may pm me for discussion.

Any goodbuy? I am new

Like buying property in Malaysia, the same rule applied when we are buying properth in Singapore.

It depend whether you are buying for your own stay or for investment. If you are buying for investment, i recommend you to look for something near to Orchard or the CBD. The price is higher though.

You may take a look at The Crest.

Is it a freehold or leasehold?

99 leasehold. Majority Singapore properties are 99 leashold.

For investors, what is the popular area? What are the prices?

Is it hard to sell or to rent out a property there

Foreigners normally invest in city and city fringe area. Chinese and chinese like to invest in orchard and cbd area. Chinese and indonesian are very rich. Lol

Based on my experience, malaysians invest in city fringe. Tiong bharu, redhill, toa payoh, bishan, paya lebar etc

Yes. As long as it is priced near market price

As a guide, focus on Core central region CCR and outside core central region RCR. These places are easier to rent out

Malaysians are very rich too

Q: other than the property price, what are the other cost?
A: for residential, foreigners need to pay 18-19% stamp duty.


800k sgd condo , need pay 150k stamp duty ? really ?
then u already lost money on the 1st step

No, very easy. Vacancy is low .
The problem is the high barrier of entry. And the taxes are extremely punitive for foreigners.

This post has been edited by corleone74: Mar 30 2018, 09:11 PM

D21 is rcr
D19 also quite hot .
Fave are d9,10,11 but also priciest.

This post has been edited by corleone74: Mar 30 2018, 09:08 PM

In long term confirm will earn back thru rental and cap appreciation.you are also earning SGD , stable currency compared to rm.

Also, be smart. You can tumpang relative who r PR or better still Singaporean citizen.

This post has been edited by corleone74: Mar 30 2018, 09:29 PM

For 800k the stamp duty payable is $138,600.

Buyer stamp duty is 3% for property below $1million, 4% for property above $1mil.

Non singapore citizen need to pay additional buyer stamp duty (ABSD).
For foreigner, it is 15%
For permanent resident, first property it is 5%, second property onwardis 10%
For singaporean, first property is 0% , second property is 7%, 3rd property onward 10%

Hence, foreigner like malaysian pay 15% additional buyer stamp duty and 3%-4% buyer stamp duty, total 18% - 19%

ABSD was introduced in 2011 to cool dow singapore red hot market back then. HK, England, Canada Australia also impose additional on foreign purchase too.

Even though, there is ABSD, many foreigners are still buying singapore property.

Whoi agent. R u agent? Why recommend the crest of all condo.

This condo did badly when launched, they had to cut price to move units.

For investors I always advise them BUY FREEHOLD, safer for long term cap appreciation

http://sbr.com.sg/residential-property/new...wing-tais-crest

This post has been edited by corleone74: Mar 30 2018, 09:28 PM

I think even fh in singapore is only 999 years.

In singapore, for residential property the tenure are 60 years (only 1 such project), 99 years, 999 years and freehold. I also encounter 999,999 years.

property market so bad until needed to promo here in lowyat
Singaporean all buy at Johor state