Healy Consultants independently assists clients effectively and efficiently manage all legal, accounting, finance and tax matters relating to the purchase and sale of Singapore property, including residential and commercial property in the primary and secondary market. Key factors of interest for our clients with relation to Singapore property include:

Foreign investors are attracted to Singapore property for buy-to-let purposes. Singapore property offers good potential returns on investment.

Singapore property is also attractive for international entrepreneurs who wish to live in the city. Confirming this, the UK's Mercer Human Resource Consulting rates Singapore one of Asia's most sought-after cities for living in its 2007 Quality of Living Survey, and the world's 34th most livable country.

Singapore property is available for foreign investment. However, investors wishing to purchase landed Singapore property are required to obtain approval from the Singapore Land Authority (SLA). That said, availability of landed Singapore property remains tight - according to the SLA only 1,872 landed units are under construction and another 2,579 are planned in the next five years.

4.

Residential Singapore property is booming – in 2007 collective sales hit a record S$12.5 billion, 50% higher than in 2006 and far exceeding the $1.99 billion in 2005. 2007 sales figures are the highest in 13 years, thanks to robust regional economies and a large influx of expatriates in Singapore.

5.

Foreigners and permanent residents (PRs) accounted for almost one quarter of all residential sales in Singapore property in 2007.

Under the Singapore Economic Development Board's (EDB) Global Investor Programme (GIP), foreigners buying Singapore property obtain Permanent Residence (PR) if they invest a minimum of S$2 million (US$1.3 million).

Healy Consultants assists clients to obtain international mortgages for their Singapore property. Investors can borrow up to 80% of the valuation or purchase price of the Singapore property, whichever is lower, according to Monetary Authority of Singapore (MAS) guidelines.

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Residential Singapore property pay an annual property tax based on rental income. Singapore property tax is payable by the owner regardless of whether in the world they live and regardless of nationality.

Investment in commercial Singapore property continues to rise. In 2007, total investment sales hit a record high of almost US$51 billion, a 66% jump from 2006 investment sales, a measure of confidence in the Singapore property market. This compares favourably to the aggregate investment sales of US$55 billion from 1996 to 2003.

10.

The overall price index for private homes could climb by anywhere between 10% and 25% in 2008, depending on how the US sub-prime crisis develops, along with global financial market trends in 2008.

Singapore Lawyers - this page showcases our law-related services, including how we liaise with Singapore lawyers on our clients' behalf.

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