If you’ve ever travelled long haul, it’s likely you have passed through the city state of Singapore at some point in your journey. The Lion City is often called the gateway to Asia for its position as a transportation hub on many global sea and air routes. With English widely spoken, a year-round tropical climate, and with high rankings in employment, education, and lifestyle it’s no surprise that Singapore topped HSBC's annual Expat Explorer survey of best expatriate destinations in 2016 for the second year running. RE Talk Asia has compiled some information to help people looking to invest in property in Singapore.

Buying property in Singapore

Foreign investors are able to purchase certain types of private property in Singapore. Condominiums for example may be purchased by foreigners without restriction, while approval must be gained from the Land Dealings Approval unit to purchase some landed property types, like terraces. For more information on the types of property ownership available, restrictions on foreign ownership and the legislation related to property in Singapore, read our guide here.

Renting property in Singapore

Expats looking to rent in Singapore have a choice of options, depending on their budget: from government-owned flats in high-rise developments, to privately-owned condominiums to landed homes with lush gardens. Lease periods of 12 months are standard, with a security deposit of one month usually paid by the tenant in advance. Find out more about renting property in Singapore here.

Singapore property taxes

All residential properties in Singapore are subject to various property taxes and duties. Property buyers and renters alike are subject to stamp duties, calculated by the Inland Revenue Authority. Read this article for an overview of the applicable.

Obtaining finance in Singapore

Foreigner buyers with no outstanding Singapore housing loans can generally borrow up to 80% of the purchase price of a property, depending on the financial institution and subject to regulatory requirement. Loans are made in Singapore dollars, with loan tenure from a minimum of five years to a maximum of thirty-five years. Find out more here.

Singapore real estate glossary

Confused by various property investment terms in Singapore? What is the difference between a condominium and an executive condominium? Click here for our country-specific guide.

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