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Buying property in Singapore is permitted for foreigners, with the exception of vacant land and properties with land such as bungalows, semi-detached and terrace houses. Approval is required from the Singapore Land Authority (SLA) for buying property in Singapore that includes land. Following are details of the services provided by Healy Consultants along with information required for buying property in Singapore:

Whether buying property in Singapore or selling property in Singapore, Healy Consultants provide comprehensive services for clients whether their property investment is for i) residential real estate, if migrating to Singapore or ii) commercial real estate, if setting up business in Singapore.

Healy Consultants offers clients advice and management services for all aspects of buying property in Singapore. Apart from managing the key steps in the process of buying property in Singapore such as i) an option to purchase, ii) the sales and purchase agreement iii) the certificate of title, other necessary aspects our firm will project manage include:

Arranging property finance via leading international banks including ANZ Bank, DBS Bank and OCBC Bank. Our firm will source and negotiate competitive mortgage terms and conditions for buying property in Singapore.

Arranging appropriate property insurance after buying property in Singapore to give peace of mind that the structure and contents of your newly acquired asset is secure.

Providing professional tax and accounting advice to investors regarding tax obligations specific to buying property in Singapore.

International investors buying property in Singapore benefit from the efficient property management services provided by Healy Consultants. Requirements such as property maintenance, refurbishments, security, property valuations, finding tenants and ad hoc problem solving are areas project managed by our firm to save clients time and money when buying property in Singapore.

To ensure legal matters associated with buying property in Singapore are managed proficiently, our firm appoints and supervises a local lawyer to undertake these steps correctly.

For clients migrating to Singapore after buying property in Singapore, Healy Consultants organizes immigration and work visas, relocation services, orientation programs and more.

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Foreigners are permitted to buy property in Singapore, and can likewise benefit from selling property in Singapore. In 2008, foreigners (both PR and non PR) accounted for 24% of all private residential property transactions in Singapore. This figure is down from the 2007 figure of 26%. Foreign investors wishing to buy property in Singapore are required to obtain approval from the Singapore Land Authority (SLA). These ownership laws are governed by the Residential Property Act and have been in place since 1973.

In developing residential and commercial property market overviews for clients considering buying property in Singapore, Healy Consultants uses reliable and reputable sources such as Singapore Economic Development Board, the Urban Redevelopment Authority, the Land Transport Authority and the Monetary Authority of Singapore. Key economic indicators, real estate cycles, current property market sentiment, interest rates and foreign ownership legislation are all elements which influence decisions regarding buying property in Singapore.

Establishing the needs of the client in terms of budget, property locations, size, proximity to transport and schools, and security requirements is an important step when buying property in Singapore. Photos, locations summaries, rental yields and recent transactions are all included when outlining options for buying property in Singapore.

The two methods of buying property in Singapore are freehold and leasehold tenure. A freehold title is where the individual buying the property in Singapore is entitled to keep the property indefinitely. A leasehold tenure, on the other hand, gives possession to the person buying the property in Singapore for the period of the lease, usually 99 or 999 years. When the lease expires, the title and ownership of the property reverts to the state.

For more information on buying property in Singapore, call our Singapore office at (+65) 67350120 or contact at email@healyconsultants.com