Buying Singapore property can be a rewarding investment. Restrictions apply for buying Singapore landed property, however, foreign individuals are permitted to buy Singapore property. Following is information to assist in deciding if buying Singapore property is a suitable strategy to grow your global assets:

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.

The Residential Property Act governs the laws surrounding what property foreign individuals 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).

Asia Property Consultants assists international investors buying Singapore property by providing professional advice on all steps in the process, such as sourcing suitable purchase options, project managing property management services and selling property in Singapore. Our firm's independent 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 buying 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.

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).

Buying Singapore property requires payment of certain taxes. Asia Property Consultants provides investors invaluable tax and accounting advice to fulfill their tax obligations and help maximize their return on investment.

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.

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.

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