Real Estate Broker in Singapore - Property Agents in Singapore

Why I should Invest in Singapore Properties?

*Singapore is known for its well-developed financial and trade sectors with low tax regime and openness towards foreign investment.
Singapore attracts a large amount of foreign investment as a result of its location, skilled workforce.
Low tax rates,
Advanced infrastructure and
zero-tolerance against corruption

Who is Considered a Foreigner?

Simply put, you're considered a foreigner if you are not a Singapore citizen, a Singapore company, a Singapore limited liability partnership or a Singapore association. As such, Singapore Permanent Residents (SPRs) are also considered foreigners.

What is Additional Buyer’s Stamp Duty (ABSD)?

ABSD is a tax that’s levied on top of Buyer's Stamp Duty (a tax that property buyers have to pay when they buy a property), and it's computed based on the valuation or the selling price of the property, whichever is higher.

What Foreigners Can and Can't Buy

What Singapore PRs can buy	What non-Singapore PRs can buy
Resale HDB flats (with another Singapore PR or Singaporean)	Private condos
Resale ECs that has reached their 5-year MOP	Private ECs
Privatised ECs	Landed properties in Sentosa Cove
Private condos	Landed properties (with special permission from Singapore Land Authority)
Strata-landed homes
Landed properties in Sentosa Cove
Landed properties (with special permission from Singapore Land Authority

Who Needs to Pay ABSD?

ABSD applies to the following group of buyers

Singapore Citizens: ABSD will be levied on the second (17%) and subsequent (25%) property purchases

Singapore Permanent Residents (PRs): ABSD will be levied on all purchases. The first purchase will be 5% while the second purchase will be 25%, and third and subsequent purchases will be 30%.

Foreigners: 30% ABSD for any property purchase

Entities (companies or associations): 35% for each property (plus additional 5% non-remittable ABSD for developers)

NO ABSD FOR FOREIGNERS TOO....

However, Nationals or Permanent Residents of five countries will be accorded the same Stamp Duty treatment as Singapore Citizens. This is a result of the Free Trade Agreements signed with the United States of America and the European Free Trade Association (EFTA)

Nationals and Permanent

Iceland
Liechtenstein
Norway or Switzerland

No ABSD FOR

Nationals of the United States of America

Eligible Properties are:

Private Non-landed Residential Properties
Luxurious Water-front Bungalows on Sentosa Cove

Foreign investors who are eligible can submit an application of remission through your legal representative who can manage your stump duty transactions with the Inland Revenue Authority of Singapore (IRAS) on your behalf.

Case Study

From Jan 2022, Foreigners: 30% ABSD for any property purchase.

Purchase a property at $1.5 mil

Stamp Duty Calculation

Total Stamp Fee for S$1.5 MILLIONS worth Property Purchase: S$494,600
1% of the first S$180,000	$180,000 x 1% = S$1,800
2% of the next S$180,000	$180,000 x 2% = S$3,600
3% of the next S$640,000	$640,000 x 3% = S$19,200
Remaining Amount of S$1,000,000	$500,000 x 4% = S$20,000
30% of the Purchase Price	$1500000 x30 % = S$450000

Investors

Land Brokers in Singapore