Singapore Property

In its 2009 Quality of Living Survey, the UK's Mercer Human Resource Consulting ranked Singapore as the world's 26th most livable city, the most livable city in Asia. Singapore rose in the rankings from 32nd position in the 2008 edition of Mercer's survey.

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. Refer to the related media article published on the Forbes website.

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 wether 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.

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