Costs for Foreigner with ownership Singapore Private Property

Cost For Foreign buyers buying Singapore Private Properties

You will need to pay the Stamp Duties (Property Above 1 Million, the formula will be 4% of Purchase Price – $15,400, Property Above 1 Million, the formula will be 3% of Purchase Price – $5,400) and the ABSD Taxes + Annual Payable Property Tax.

That’s about all that you need to pay.

If the property you own is Condominium or Apartment, the management fees shall vary and is payable on a quarterly basis.

If the property you intend to rent it out, Net rental income earned by foreigners who are non-residents are taxed at the prevailing non-resident rate of 22% (20% prior to Year of Assessment 2017).

ABSD Rates on the higher of the purchase price or market value
 Profile of Buyer ABSD Rates from 8 Dec 2011 to 11 Jan 2013 ABSD Rates from 12 Jan 2013 to 5 Jul 2018 ABSD Rates on/ after 6 Jul 2018
Singapore Citizens (SC) buying first residential property1  Not applicable  Not applicable  Not applicable
SC buying second residential property1  Not applicable  7% 12%
SC buying third and subsequent residential property1  3%  10% 15%
Singapore Permanent Residents (SPR) buying first residential property1  Not applicable  5%  5%
SPR buying second and subsequent residential property1  3%  10%  15%
Foreigners (FR) buying any residential property  10% 15% 20%
Entities2 buying any residential property  10%  15% 25%3
plus Additional 5% for Housing Developers4 (non-remittable)5

Foreigner and Singapore Citizen Property Tax

For Owner Occupied Units

Owner-Occupier Tax Rates
Annual Value ($) Effective 1 Jan 2015 Property Tax Payable
First $8,000
Next $47,000
0%
4%
 $0
$1,880
First $55,000
Next $15,000

6%
$1,880
$   900
First $70,000
Next $15,000

8%
$2,780
$1,200
First $85,000
Next $15,000

10%
$3,980
$1,500
First $100,000
Next $15,000

12%
$5,480
$1,800
First $115,000
Next $15,000

14%
$7,280
$2,100
First $130,000
Above $130,000

16%
$9,380

For Non Owner Occupied Units

Non-owner-occupier Residential Tax Rates
Annual Value ($) Effective 1 Jan 2015 Property Tax Payable
First 30,000
Next $15,000
10%
12%
$3,000
$1,800
First $45,000
Next $15,000

14%
$4,800
$2,100
First $60,000
Next $15,000

16%
$6,900
$2,400
First $75,000
Next $15,000

18%
$9,300
$2,700
First $90,000
Above $90,000

20%
$12,000

At Buycondo.sg, We have assisted many Foreigner Investors in Singapore to procure their Nest Home as well as investment property and handles the Property Management as a one stop Solution. Call us now and extend our services to secure the next home purchase in Singapore.

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