Buying Singapore property can be a rewarding investment. Foreigners are permitted to buy Singapore property with some restrictions on landed property, which requires special approval. Following is information to assist in deciding if buying Singapore property is a suitable strategy to grow your global assets:

The Residential Property Act governs the laws surrounding what property foreigners can purchase. While purchasing private apartments and condominiums is allowed, restrictions apply to landed property including bungalows, semi-detached and terrace houses. Buying Singapore Property that includes land requires approval from the Singapore Land Authority (SLA).

Buying Singapore property can be either a freehold or leasehold tenure basis. Freehold refers to a title that the purchaser holds indefinitely, whilst a leasehold title only gives ownership for the lease period, commonly 99 years but can be 999 years. For leasehold tenure, the title for the property reverts to the government at the end of the lease.

Asia Property Consultants assists international investors by providing professional advice from buying Singapore property, to property management services to selling property in Singapore. Services include i) providing an overview of the Singapore residential and commercial property markets, ii) providing relevant options for clients consideration iii) arranging international mortgages for the buying of Singapore property iv) appointing a local lawyer to undertake the legal matters required when buying Singapore property v) ensuring option to purchase, sales and purchase agreements and certificate of title are correctly secured.

Certain taxes are applicable when buying Singapore property. Asia Property Consultants provides investors invaluable tax and accounting advice to fulfill their tax obligations and help maximize their return on investment.

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Asia Property Consultants assists clients maintain peace of mind after buying Singapore property by providing efficient property management services including i) arranging appropriate property insurance, ii) appointing and supervising reliable agents or contractors to undertake property maintenance or refurbishment, iii) managing the process of finding tenants, iv) arranging necessary security measures, v) ad hoc problem solving and more.

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After buying Singapore property, clients who are moving to Singapore are assisted with migration services including arranging work visas, organizing relocation services and providing assistance in learning about their new country and culture.

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Reputable sources for information on buying Singapore property include: the Singapore Economic Development Board (EDB), Urban Redevelopment Authority (URA), Land Transport Authority (LTA) and the Monetary Authority of Singapore (MAS).

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