How to buy a property in singapore


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How to buy a property in Singapore and understand it's various property classes and investment potential. Consider getting a mortgage and Home loan consultant to help you.

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How to buy a property in singapore

  1. 1. Mortgage Consultants What type of Property to Buy in Singapore?
  2. 2. Renting or Staying with Family Are you Renting or staying with Family ? Renting Staying with Family
  3. 3. Stay or Invest? Are you buying to Stay or Invest ? Residence Investment
  4. 4. HDB or Private? Are you buying HDB or Private Housing? HDB Private Housing
  5. 5. Available Housing types in Singapore HDB types 3 room flat 4 room flat 5 room flat Executive Apt Exec Condo Design and Build (DBSS) <ul><li>Private Housing </li></ul><ul><li>Walk up Apartment </li></ul><ul><li>High rise Apartment </li></ul><ul><li>Condominium </li></ul><ul><li>Strata Titled Cluster Housing </li></ul><ul><li>Inter Terraces </li></ul><ul><li>Semi Detaches </li></ul><ul><li>Bungalows </li></ul><ul><li>Landed Housing </li></ul><ul><li>Inter terraces (Type 1 and 2) </li></ul><ul><li>Corner terraces </li></ul><ul><li>Semi Detaches </li></ul><ul><li>Bungalows </li></ul><ul><li>Good Class Bungalows </li></ul><ul><li>Sentosa landed housing (Foreigner eligible) </li></ul>Land tenure 99 years Land tenure 99 years 999 years Freehold
  6. 6. Comparison of HDB and Private Housing <ul><li>HDB </li></ul><ul><li>Eligibility </li></ul><ul><li>Singaporeans only - New </li></ul><ul><li>Singaporeans and Permanent residents only - Resale </li></ul><ul><li>< $8,000 monthly household income </li></ul><ul><li>99 years lease hold </li></ul><ul><li>Cheapest form of housing on average </li></ul><ul><li>Mainly buy for Residential use </li></ul><ul><li>Lower consumption </li></ul><ul><li>Minimum Occupation period requirement </li></ul><ul><li>Capital gains Levy (upon selling of HDB) </li></ul><ul><li>Prices are rising </li></ul><ul><li>Subjected to HDB rules (Often cumbersome) </li></ul><ul><li>PRIVATE </li></ul><ul><li>Eligibility </li></ul><ul><li>All (Except Individual titles landed property) </li></ul><ul><li>Many types of Private housing. </li></ul><ul><li>Free to lease out </li></ul><ul><li>High consumption (Maintenance, property tax, etc) </li></ul><ul><li>Residential And Investment. </li></ul><ul><li>Minimum Occupation period </li></ul><ul><li>No Capital gains tax. </li></ul><ul><li>Investment? </li></ul><ul><li>Some PR and Singaporeans buy and rent it out (but rules very strict) </li></ul><ul><li>Not possible - meant for Residential use </li></ul><ul><li>Typically higher yield </li></ul><ul><li>Investment? </li></ul><ul><li>No restriction to renting out. (subjected to MCST rules and URA) </li></ul><ul><li>Well developed legal framework </li></ul>
  7. 7. HDB Asset values <ul><li>Who makes money from HDB? </li></ul><ul><li>Investors who buy HDB for leasing out for a good rental </li></ul><ul><li>Investors who can capture capital gains from a Rising HDB market. </li></ul><ul><li>Who are these people? </li></ul><ul><li>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. </li></ul><ul><li>Singaporeans or PR leasing out their properties because they are overseas. </li></ul><ul><li>Singaporeans or PR meeting the minimum occupancy period. </li></ul><ul><li>For capital gains - Those who did not take any grant is not subject to sales levy. </li></ul>
  8. 8. Who will not make money <ul><li>Who will NOT make money from HDB rising asset values </li></ul><ul><li>People who need a place to stay and are still within Singapore. (Not selling) </li></ul><ul><li>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. </li></ul><ul><li>People who has taken a grant and therefore most of any potential capital gains ends up as Government levy. </li></ul><ul><li>You will end up paying higher Property Tax . Which benefits the government, not you. </li></ul>
  9. 9. Private Property Asset values <ul><li>Who makes money from Private property? </li></ul><ul><li>Only those who own multiple properties have the option to cash out from some of their properties. </li></ul><ul><li>Only those who are switching property types due to pricing anomalies and distortion, but cashing out on one type and buying into another type. </li></ul><ul><li>Only those who are down-sizing and capturing the capital gains. </li></ul>
  10. 10. 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: Or