Dear sir/mdm,
Foreign nationals are eligible to purchase non-landed private residential properties here in Singapore and will be subjected to prevailing stamp duty and Additional Buyers' Stamp Duty rates. For a German resident, the current additional buyer's stamp duty rate is at 30% of the purchase price. You will need to ensure that relevant funds for the purchase are available, and if you require any home loan to finance the purchase, it can be done. You may appoint a power of attorney to assist you in signing of documents here on the purchase as well as future rental while you are not in town including the management of the property.
AirBnB in Singapore is allowable as long as the minimum rental term is 3 months as it is against the regulations to rent out for period of less than 3 months for residential properties in Singapore. Rental management services are available too. We can discuss more. Importantly, it will be filing of the income tax and paying the relevant taxes that will be important to manage.
Hope the above helps!
I have been in the real estate business since 2009, with more than 13 years of experience serving the Singapore real estate market.
I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.
Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.
With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.
We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!
Warmest regards,
Geryl Lim
Associate Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main]
+65 6471 8888
[mob]
+65 81577565
[LDA]
+65 92787772
www.geryllim.com
My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0
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Note: We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us!
Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.
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