Important Information for Foreign Purchasers

Rules and Practices in Purchasing Singapore Properties


PAYMENT MODES

1) Property Under Constructions (Included Property obtained TOP less than 1 year)

Pay according to Progress of The Constructions
This term and conditions are standardised by Singapore Authorities as following

Payment to be made to: Project Account (Special Control Account setup by Authorities to safeguard Buyers)

2) Property After Construction (1 Year After TOP Obtained)

TAXES
Normal Buyer’s Stamp Duty (BSD)
To be paid buy buyers within 14 days after exercise 3% of Purchase Price minus $5,400/-

Additional Buyer’s Stamp Duty  (ABSD or property cooling measure)
To be paid by buyers in addition of the Normal Buyer’s Stamp Duty within 14 days after exercise according to citizenship status of buyers as following:-

Seller Stamp Duty (SSD)
To be paid if sell the property purchased after 14 Jan 2011 as following:-

Property Tax

Residential Property for Own Stay
4% per annum based on estimated of annual value or 1 year rental (allow only 1 property)

Residential Property for Investment
10-16% per annum based on estimated of annual value or 1 year rental based on progressive rate below:-

By Calculations: ranges of 10-16% for rental rate range of $30,000-$180,000


About this page: Singapore Condo For Sale, Singapore, Practices, Real Estate, Rules, Regulations, Foreign Purchasers, Property Tax, Taxes, Mode of Payments, 

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