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Reasons for Property Investment in Singapore

Update Date:2015-10-7 8:05:53 Source:Tannet (Malaysia) Sdn Bhd Views:612

Malaysia Hotline: +603- 2141 8908


Key reasons foreigners and locals are attracted to invest in or buy properties in Singapore are as follows:

- Clear foreign ownership laws

- No restrictions on foreign ownership for condominiums and apartments. (There are restrictions on foreign ownership of landed properties except landed residential houses on Sentosa Cove)

- No currency control

- No capital gains tax

- No tax on foreign-earned income

- No estate duties

- No tax on interest income

- No withholding tax for disposal of properties

- Foreigners are eligible for Singapore dollar mortgage loan

- Loan quantum can be up to 70% of the purchase price

- Relatively low mortgage interest rate

- Active secondary market for easy exit of property investments

- The rental yield is generally higher than mortgage interest rate

- Interest on mortgage payment is tax deductible when the property is rented out

- Security of property rights

- Laws and regulations that protect home buyers


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