Punggol Digital District
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Overview
A new smart and digital business district in Singapore, which will be integrated with a new MRT line.
Building/Community Amenities
- Bike Storage & Repair
- Cinema / Movie Theater
- Clubhouse / Resident Lounge
- Community Garden
- Fitness Center / Gym
- Jogging / Biking Trails
- Near Public Transportation
- On-site Retail / Shops
- Park
- Restaurant (On-site)
- Rooftop Deck / Terrace
- Sports Court / Facilities
- Sustainable / Green Building
- Waterfront / River View
Investment Insights
Legal & Ownership
Legal & Ownership Information
Ownership Structure
Ownership Rights
Full ownership rights (Freehold)
Foreign Ownership
Foreigners can buy property in Singapore, but there are restrictions. They can freely purchase non-landed properties, such as apartments and condominiums, but require government approval to buy landed properties.
Tax Considerations
Property Taxes
Property taxes in Singapore include a Buyer’s Stamp Duty (BSD) and, for foreigners, an Additional Buyer’s Stamp Duty (ABSD) of up to 60%
Transfer Tax
Stamp Duty (BSD) and, for foreigners, an Additional Buyer’s Stamp Duty (ABSD) of up to 60%
Inheritance Tax
capital gains tax, but rental income is taxable, typically at a rate of 22% for non-residents
Important Considerations
Restrictions
- Foreigners can buy property in Singapore, but there are restrictions. They can freely purchase non-landed properties, such as apartments and condominiums, but require government approval to buy landed properties.
Required Documents
Financing Options
Financing Options
Financing in Singapore
Singapore offers a robust property financing environment for foreign buyers, with a variety of mortgage options available through local banks and property developers. Typically, foreign buyers can expect a loan-to-value (LTV) ratio of around 70% to 80%, making it feasible to secure significant financing for property investments. The city's status as a global financial hub, coupled with its stable economy and transparent legal system, enhances its attractiveness for mortgage financing. Singapore's property market is known for its resilience and potential for long-term appreciation, making it an appealing choice for international investors seeking to leverage mortgage options.
Requirements for Foreign Buyers
- 1Valid passport
- 2Proof of income (e.g., salary slips, employment letter)
- 3Bank statements for the last 6 months
- 4Credit report
- 5Approval in Principle (AIP) from the bank
- 6Tax returns or tax assessment notices
- 7Property purchase agreement
