What expats should know before buying their first home in Singapore

FOREIGN OWNERSHIP OF PROPERTY

https://www1.sla.gov.sg/property-boundary-n-ownership/foreign-ownership-of-property

Procedure for Purchase

https://www.singaporeexpats.com/guides-for-expats/procedure-for-purchase.htm

Step-By-Step Guide For Buying Property In Singapore As A Foreigner

https://www.propertyguru.com.sg/singapore-property-resources/singapore-buy-property-guides/step-by-step-guide-for-buying-property-in-singapore-as-a-foreigner-12304

Buying Property in Singapore as a Foreigner

Buying property in Singapore as a foreigner

6 Steps in Buying a Condo in Singapore for Foreigners

https://omh.sg/blog/post/6-steps-buying-condo-singapore-foreigners

Can foreigners buy property in Singapore?

Additional Buyer’s Stamp Duty (ABSD)

https://www.iras.gov.sg/irashome/Other-Taxes/Stamp-Duty-for-Property/Working-out-your-Stamp-Duty/Buying-or-Acquiring-Property/What-is-the-Duty-that-I-Need-to-Pay-as-a-Buyer-or-Transferee-of-Residential-Property/Additional-Buyer-s-Stamp-Duty–ABSD-/

Exceptions For Foreigners To Own Landed Properties

To be eligible to apply for ownership of a landed property in Singapore, there are certain criteria to be fulfilled;

  • Applicant is a permanent resident of Singapore
  • A foreigner who contributes to the economic benefit of Singapore
  • A foreigner who possesses qualifications, skills or experience that provides value or benefit to the economy of Singapore

If the foreigner fulfils any of the above stated criteria he may be granted approval for ownership of a landed property for residential use by following the steps below.

  1. Fill up Form A (downloadable with this link)
  2. non-refundable application fee of $900 is to be made in favour of “Singapore Land Authority
  3. Submit Form A to “Singapore Land Authority Land Dealings (Approval) Unit 55 Newton Road #12-01 Revenue House Singapore 307987” together with the supporting documents stated in Form A

The application takes approximately 3 months to process and once approval is granted, the foreign purchaser must undertake that the property is to be used solely for residence and not for any sort of income-generating purposes or investment. The in-principle approval has an expiry date of 6 months from the approval date.

It is also important for the foreign purchaser to include the additional clause within the Option to Purchase or Sales Agreement;

This sale and purchase is subject to the Purchaser obtaining the approval from the Land Dealings (Approval) Unit before completion. In the event that such approval is not granted, the sale and purchase herein shall be annulled and all monies paid shall be immediately refunded free of interest and neither party shall have any claim against the other thereafter.

Landed Home Buying Tips For Foreigners

https://www.propertyguru.com.sg/property-management-news/2015/9/107308/landed-home-buying-tips-for-foreigners

All you need to know about buying a landed home in Singapore

BSD & ABSD Singapore — How Much in Stamp Duties Do Property Buyers Pay in Singapore?

https://blog.moneysmart.sg/property/absd-singapore-bsd-stamp-duty-calculator/

The Essential Guide to Buyer’s Stamp Duties in Singapore

https://singaporelegaladvice.com/law-articles/buyer-stamp-duties-singapore

If you are a citizen with a spouse who is neither a Singapore Citizen nor a Singapore Permanent Resident (SPR), you may be eligible for the:

Can foreigners buy Property in Singapore? Step-by-Step Guide

Can a Singaporean married to a foreigner apply for an HDB flat?

https://www.homeanddecor.com.sg/articles/86444-can-singaporean-married-foreigner-apply-hdb-flat

Eligibility for Foreigners to Purchase Restricted Residential Property

https://sharonanngoh.com/buy-sell/foreign-ownership/

Property curbs couldn’t stop ultra-wealthy and foreigners from buying luxury homes in Singapore

https://sbr.com.sg/residential-property/in-focus/property-curbs-couldnt-stop-ultra-wealthy-and-foreigners-buying-luxury

What expats should know before buying their first home in Singapore

https://www.theonlinecitizen.com/2018/04/11/what-expats-should-know-before-buying-their-first-home-in-singapore/

Thinking about buying property in Singapore?

https://expatliving.sg/buying-property-in-singapore-houses-and-apartments/

Buying Property in Singapore

https://www.internations.org/singapore-expats/guide/29463-housing-accommodation/buying-property-in-singapore-16056

Buying property in Singapore as a foreigner

Properties Selling Below Valuation

https://www.linkedin.com/pulse/properties-selling-below-valuation-mani-subramanian-veeramani/

5 Ways To Build Your Wealth With Property Investment 5 Useful Tips From Experienced Practitioners.

Investing in Property in Singapore

https://www.linkedin.com/pulse/investing-property-singapore-mani-subramanian-veeramani/

Why residential property prices won’t be coming down despite cooling measures?

https://www.linkedin.com/pulse/why-residential-property-prices-wont-coming-down-mani-/

Mortgage Mistakes To Avoid When Buying A Home

https://www.linkedin.com/pulse/mortgage-mistakes-avoid-when-buying-home-subramanian-veeramani/

Is your property an asset or a liability?

https://www.linkedin.com/pulse/your-property-asset-liability-mani-subramanian-veeramani/

3 Ways to turn your home into an asset, not a liability

https://www.linkedin.com/pulse/3-ways-turn-your-home-asset-liability-mani-subramanian-veeramani/

Costs You Need to Consider Other Than Property Prices

https://www.linkedin.com/pulse/costs-you-need-consider-other-than-property-prices-mani-/

Guide To Investing In Property

https://www.linkedin.com/pulse/guide-investing-property-mani-subramanian-veeramani/

Benefits Of Hiring EXCLUSIVE Real Estate Agent For Buying/Selling Homes

https://www.linkedin.com/pulse/benefits-hiring-exclusive-real-estate-agent-homes-mani-/

Do you ever wonder

Why should I worry about the property market trends?

How to decide what should my next step be? 

What are my options and solutions? 

How Much is My Home Worth? www.bit.ly/ShowMyHomeValue

How Much Does it Cost to Buy or Upgrade to a Condo: www.bit.ly/CondoPrice

I can help you to evaluate some options available for you, 

including financial, tax and legal planning. 

http://bit.ly/DownloadPropertyReferenceGuide

Find out more

www.bit.ly/SendMeMoreDetails

Worth a quick chat, schedule now. 

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Shall I send you more tips?

– Mani

 +65 8300 4411 

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