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Singapore Property

Singapore is one of the most expensive country to live in. Why is that so? Because property prices in Singapore is sky high. Singapore is just a small dot in the world map yet it is aiming to have a population of 6.9 million by 2030.

Singapore Property Prices

When you put so many people in a small area, property becomes very expensive. When the population keeps increasing but the land size does not increase to keep up with the pace the population increase Property Price Increase. So what does it mean to you? Due to demand and supply, the high demand and low supply would naturally lead to Singapore Property Prices to increase in the long run. So if you are a long term investor you can consider investing your money in Singapore Property.

Singapore Property For Investment

What kind of property should you invest in?

In general there are the Residential Property and Commercial Property. The Government of Singapore have implement many rounds of cooling measures to the Singapore Residential Property Market to keep Singapore Property affordable for Singaporeans. The most critical cooling measure is TDSR (Total Debt Servicing Ratio), basically it limiteds the amount you can loan base on your income and your total debt monthly repayment must not be more than 60% of your income. So if you make $10,000 a month you Total Debt should not be more than $6,000 per month. Another critical cooling measure is ABSD(Additional Buyer Stamp Duty), as a Foreigner you would have to pay an additional 15% of the property price as ABSD to the government, this makes it unfavorable for Foreigners to buy Residential Property in Singapore. As Singapore Permanent Resident in Singapore ABSD is 5% for first property and 10% from second property onwards. Singapore Citizen would pay 7% ABSD for second property and 10% from third property onwards. So I suggest avoiding Singapore Residential Property as investment and invest in Commercial Property.

Why Commercial Property?

Commercial Property are hardly affected by cooling measures and you have a level playing ground no matter you are Foreigner, Singapore Permanent Resident or Singapore Citizen. That means higher demand for investors which leads to higher potential for greater returns. Another thing is it is not affected by ABSD and there are no Seller Stamp Duty (Residential property: 16% for 1st year, 12% 2nd year, 8% 3rd year, 4% 4th year) so you can buy and sell anytime. Commercial property also allow you to loan up to 80% of the property price no matter how many property loan you have existing. Unlike Residential Property which  allow up to 80% loan for first property, 50% loan for second and 40% from third property onwards. So if all things being even, the higher level of leverage would allow you better returns.

So Which Commercial Property Should you invest in?

Currently there are 2 Commercial Project that have Special Promotion with additional 10% Price Reduction.
The developer can remove this promotion anytime so act fast to grab it while it last.
Click on the Project Name below to view the property details.

NeWest (Additional 10% Price Reduction!)

The Flow @ East Coast (Additional 10% Price Reduction + 7% GST Rebate!)