Foreign Investors Among Asia’s Most Promising Place For Real Estate Investment
Singapore presents the perfect environment to live in and for investment. One of the fastest growing economies in Asia, Singapore is ranked fourth among the world’s top ten financial centres according to the 2011 Global Financial Centres Index.
Its stable and capable government also ensures socio-political stability through an efficient and legal infrastructure and judiciary system. This global city is also an investment and tax-friendly country with no capital gains tax and estate duty, making it a welcoming country for foreign investors.
Other than being one of the fastest growing economies in Asia, Singapore also offers vibrant and attractive real estate
Top in key global rankings for cities
Singapore is globally regarded as a great place to live, work and play. Among other accolades, Singapore has been ranked the world’s easiest place to do business and the Asian country with the best quality of life. You can read more from EDB Facts and Rankings.
Well-connected to the world
Singapore is the gateway to the world with established air and sea hubs, as well as robust infrastructure for broadband internet connectivity across the country.
- A vibrant city for live
Take your pick from a range of entertainment options, including the casinos at Marina Bay Sands and Resorts World Sentosa, accessible daily. Singapore has also been recognized as the 3rd most popular place to relocate to worldwide over the last five years.
Continuous Population growth
Singapore’s population is expected to grow to 6.9 million by 2030 in the future with its strong immigration policy, translating into strong rental demand and property price growth. You can read more from National Population And Talent Division – Population White Paper, January 2013.
Safe and multicultural society
Singapore’s diverse cultures and extremely low crime rate make it an appealing location to expatriates from all over the world.
Good hedge against inflation
Cash-rich individuals should seize the favourable opportunities to invest in properties in Singapore when bank mortgage rates are at their most attractive.
Global Investor Programme
The Global Investor Programme (GIP), targeted at Entrepreneurs, Investors, Businessmen, eases the way to set up and operate businesses in Singapore. The GIP also facilitates a range of immigration processes for their entry and stay here.
For more information on the GIP, please read the Contact Singapore GIP Fact Sheet.
Favorable Factors for Foreign Investors
No foreign ownership restrictions on condominiums and mixed developments
- Clear foreign ownership laws put in place
- Home buyers can enjoy the security of property rights and laws and regulations
- No currency controls, capital gains taxes, or withholding tax for property disposals
- Foreigners are eligible for tax deductions on mortgage interest when the property is rented out
- Foreigners are eligible for attractive Singapore dollar mortgage loans*
- Foreigners can obtain a loan quantum of up to 70% of purchase price*
- Relatively low mortgage interest rates
- The rental yield is generally higher than the mortgage interest rate
- A resale market provides investment exits when necessary
ABSD* Exemptions for Nationalities Under FTA
According to the IRAS tax guide published on 11 January 2013, foreigners under Free Trade Agreements (FTAs) who fall within the scope of the respective FTAs will be accorded with the same treatment as Singapore Citizens (SC). These include Nationals and Permanent Residents of Switzerland, Liechtenstein, Norway, Iceland and Nationals of the United States of America. Foreigners under FTAs are exempted from the 15% Additional Buyer’s Stamp Duty (ABSD)*. Find out more information on IRAS e-tax guide.