Understanding the regulations and restrictions surrounding property ownership in Singapore is crucial for foreign investors. While condos are easily accessible for foreign buyers, strict ownership rules exist for landed properties. Moreover, foreigners have to pay an Additional Buyer’s Stamp Duty (ABSD) of 20% for their initial property purchase. However, the alluring combination of stability and growth potential in the Singapore real estate market continues to draw foreign investment. Moreover, the inclusion of luxury amenities only adds to the appeal of investing in Singapore properties.
To ensure a successful investment, one must take certain steps when purchasing a condo in Singapore. It is crucial to engage the services of a reputable real estate agent who can provide guidance and expertise on the market. Additionally, conducting thorough research on the developer, location, and potential growth of the property is essential. It is also advisable to seek legal advice and review all contracts …