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Healy Consultants independently assists clients effectively and efficiently manage all legal, accounting, finance and tax matters relating to the purchase and sale of Singapore property, including residential and commercial property in the primary and secondary market. Key factors of interest for our clients with relation to Singapore property include:

Foreign investors are attracted to Singapore property for buy-to-let purposes. Singapore property offers good potential returns on investment.

Singapore property is also attractive for international entrepreneurs who wish to live in the city. Confirming this, the UK's Mercer Human Resource Consulting rates Singapore one of Asia's most sought-after cities for living in its 2010 Quality of Living Survey, and the world's 28th most livable country

Residential Singapore property is booming – in 2010 collective sales in January and February reached 2676 units.  This is higher than the 2,596 sold in the first quarter of last year.

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Singapore property is available for foreign investment. However, investors wishing to purchase landed Singapore property are required to obtain approval from the Singapore Land Authority (SLA). That said, availability of landed Singapore property remains tight - according to the SLA only 1,872 landed units are under construction and another 2,579 are planned in the next five years.

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Foreigners and permanent residents (PRs) accounted for almost one quarter of all residential sales in Singapore property in 2007.

Under the Singapore Economic Development Board's (EDB) Global Investor Programme (GIP), foreigners buying Singapore property obtain Permanent Residence (PR) if they invest a minimum of S$2 million (US$1.3 million).

Healy Consultants assists clients to obtain international mortgages for their Singapore property. Investors can borrow up to 80% of the valuation or purchase price of the Singapore property, whichever is lower, according to Monetary Authority of Singapore (MAS) guidelines.

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Residential Singapore property pay an annual property tax based on rental income. Singapore property tax is payable by the owner regardless of whether in the world they live and regardless of nationality.

Investment in Singapore property continues to rise. Total investment sales in the real estate sector grew to an incredible S$4.87 billion in Q1 2010. This is 18 times higher than the reported S$273.8 million in the corresponding Q1 of 2009. The commercial investment market chalked up 25.3% of total investment sales in the quarter at S$1.23 billion.

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The overall price index for private homes climbed from 165.7 points in Q4 2009 to 174.2 points in Q1 2010. In all, the residential price index has recovered by a total of 30.7 per cent since it bottomed out in the second quarter of 2009

Singapore Lawyers - this page showcases our law-related services, including how we liaise with Singapore lawyers on our clients' behalf.

For more information on Singapore property, please call our Singapore office at (+65) 67350120 or contact email@healyconsultants.com