Essential Foreigners Tips for a Successful Property Purchase in Singapore
Determine Your Budget
7. Get Proper Financing
Before you start your property search, it is crucial to understand the ownership restrictions for foreigners in Singapore. The Singapore government has implemented strict rules and regulations to control the property market and prevent speculation.
It is also essential to conduct a background check on the developer and the property’s management company, if applicable. This will give you a better understanding of the property and its potential future developments.
2. Engage the Services of a Property Agent
Foreigners are required to pay an Additional Buyer’s Stamp Duty (ABSD) on top of the standard …
