How to buy a property in singapore

Mortgage Consultants What type of Property to Buy in Singapore? www.PropertyBuyer.com.sg/mortgage

Renting or Staying with Family Are you Renting or staying with Family ? Renting Staying with Family

Stay or Invest? Are you buying to Stay or Invest ? Residence Investment

HDB or Private? Are you buying HDB or Private Housing? HDB Private Housing

Available Housing types in Singapore HDB types 3 room flat 4 room flat 5 room flat Executive Apt Exec Condo Design and Build (DBSS)
Private Housing
Walk up Apartment
High rise Apartment
Condominium
Strata Titled Cluster Housing
Inter Terraces
Semi Detaches
Bungalows
Landed Housing
Inter terraces (Type 1 and 2)
Corner terraces
Semi Detaches
Bungalows
Good Class Bungalows
Sentosa landed housing (Foreigner eligible)
Land tenure 99 years Land tenure 99 years 999 years Freehold

Comparison of HDB and Private Housing
HDB
Eligibility
Singaporeans only - New
Singaporeans and Permanent residents only - Resale
< $8,000 monthly household income
99 years lease hold
Cheapest form of housing on average
Mainly buy for Residential use
Lower consumption
Minimum Occupation period requirement
Capital gains Levy (upon selling of HDB)
Prices are rising
Subjected to HDB rules (Often cumbersome)
PRIVATE
Eligibility
All (Except Individual titles landed property)
Many types of Private housing.
Free to lease out
High consumption (Maintenance, property tax, etc)
Residential And Investment.
Minimum Occupation period
No Capital gains tax.
Investment?
Some PR and Singaporeans buy and rent it out (but rules very strict)
Not possible - meant for Residential use
Typically higher yield
Investment?
No restriction to renting out. (subjected to MCST rules and URA)
Well developed legal framework

HDB Asset values
Who makes money from HDB?
Investors who buy HDB for leasing out for a good rental
Investors who can capture capital gains from a Rising HDB market.
Who are these people?
Singaporeans leasing out their properties (People who have private properties but bought a HDB) - A small section of the population as this scheme lasted for a while only.
Singaporeans or PR leasing out their properties because they are overseas.
Singaporeans or PR meeting the minimum occupancy period.
For capital gains - Those who did not take any grant is not subject to sales levy.

Who will not make money
Who will NOT make money from HDB rising asset values
People who need a place to stay and are still within Singapore. (Not selling)
People who need a place to stay and will end up buying a similarly expensive property if they sell, or a more expensive property upgrading into the next level.
People who has taken a grant and therefore most of any potential capital gains ends up as Government levy.
You will end up paying higher Property Tax . Which benefits the government, not you.

Private Property Asset values
Who makes money from Private property?
Only those who own multiple properties have the option to cash out from some of their properties.
Only those who are switching property types due to pricing anomalies and distortion, but cashing out on one type and buying into another type.
Only those who are down-sizing and capturing the capital gains.

Compare Singapore Home Loan Property Buyer Mortgage Consultants help people work through the various home loans and financing options to choose the best fit options for home owners. Get Home Loan or Refinance Home Loan from: - Property Buyer Mortgage Consultants Address: No. 8 Liang Seah Street, Unit 02-01 Liang Seah Court, Singapore 189029 Tel: 6100 0608 Sms: 9782 8606 Email: [email_address] Website: http://www.PropertyBuyer.com.sg/mortgage Or http://www.SingaporeHomeLoan.net

http://singaporehomeloan.net	154
http://investinsingapore.blogspot.com	128
http://singaporemortgage.biz	93
http://valleyparkcondo.com	89
http://centenniasuites.net	81
http://singaporehomeloans.org	79
http://www.investinsingapore.blogspot.com	37

How to buy a property in singapore

by Property Buyer Singapore on Jun 06, 2011

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How to buy a property in singapore — Presentation Transcript