Hi Fintura, as all the rest have eagerly answered that you can purchase property as an investment in Singapore.
When you are referring to legal issues - which aspect are you referring to, are you referring to contest of ownership? As a foreigner - you may not purchase landed property unless you have approval from our authorities. You may view this information at www.sla.gov.sg
As for other legal issues - the process is very transparent, and handled by local lawyers who are licenced to practice local conveyancing.
As for taxation, Singapore has a property tax which needs to be paid yearly, its based on an estimate of similar properties in the estate and vicinity, and average is taken as the annualized value of the property. The property tax for non-owner-occupied properties is at 10%.
Other taxes relating to the property purchase will be Stamp duty. If you wish to use a company to purchase the property - you'll have other considerations of corporate tax, which is very low in Singapore.
Singapore does not have capital gains tax, and we do not have controls of capital flows out of the country.
As for the finer details of your income tax, both here in Singapore and Australia, its best for me to advise you professionals in taxation for more detailed tax planning, to avoid unnecessary taxation.
As your query is not very detailed, I hope I have been able to cover most aspects of your concerns. I believe you would prefer to take the discussion off this platform, please email me, so that I can get my various friends who are experts in the legal and taxation areas to clarify for you.
Cheers,
Yian Tay
B.Com (banking and finance), Pgdip (ecommerce & emarketing)
ERA Realty Pte Ltd
CEA Regn No - R027190C
Email: yiantay.era@gmail.com
Mobile:
81003493
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