In its 2007 Quality of Living Survey, the UK's Mercer Human Resource Consulting ranked Singapore as the world's 34th most livable city. Singapore property is therefore attractive for those living and working in Singapore.

Singapore property developers are positive on the residential property outlook. Refer to the related media article published on the Forbes website.

Foreigners are eligible to buy Singapore property. However to buy Singapore property with land 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) in the Singapore property. 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 Singapore property mortgage via a local Singapore bank.

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

In all, the overall price index for private Singapore property is expected to climb by up to 25% in 2008, though this depends on the severity of the US sub-prime crisis and the behaviour of global financial markets in 2008.

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

Back to Singapore Company Incorporation page.

Back to Home page.