Singapore Property

In its 2010 Quality of Living Survey, the UK's Mercer Human Resource Consulting ranked Singapore as the world's 28th most livable city, the most livable city in Asia.

Foreigners are eligible to purchase in Singapore. However to buy when land is attached, approval from the Singapore Land Authority is required.

Under the Singapore Economic Development Board's (EDB) Global Investor Programme (GIP), foreigners buying Singapore property are eligible for Permanent Residence (PR) status if they invest a minimum of S$2 million (US$1.3 million). For more information on Healy Consultants' Singapore migration services, kindly visit our Migration to Singapore page.

The Monetary Authority of Singapore (MAS) allows a Singapore property purchaser to borrow up to 80% of the valuation or purchase price, whichever is lower.

Healy Consultants can help arrange a mortgage via a local Singapore bank.

Property developers are positive on the residential property outlook despite the measures implemented recently to cool down speculation activities in the private residential property market and hence slow down the growth in prices.

Residential properties attract property tax, based on the estimated annual rent of the property (assuming it is let). Tax is payable by the owner regardless of whether they are resident in Singapore, and regardless of nationality.

After a significant decline in the price index for private Singapore property between Q2 2008 and Q2 2009, private property prices have climbed back above the peak reached in 2008. The Singapore government has implemented measures to try and curtail the rapid rise in private property prices.

For more information on Singapore property , email email@healyconsultants.com or call us in Singapore at (+65) 6735 0120.

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