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TIPS ON BUYING A HOME IN SINGAPORE
Selecting a home
Many foreigners prefer to purchase a new home directly from developers, especially established and reputable developers. Some factors to consider when purchasing a home include location of the property, accessibility, entertainment and recreation options, amenities nearby, closeness to mass rapid transit station and schools. In Singapore, residents staying within 2 kilometres of a local school have an added advantage in getting entry into the school for their children. Capital values of homes near a mass rapid transit station or with good views are usually higher than other properties in the vicinity.
Budget and financing
Before committing to purchase a property, consider your budget and financial planning. Check with the various banks the mortgage loan packages available to foreigners to get the best deal.
Time frame
Before committing to purchase a property, consider your budget and financial planning. Check with the various banks the mortgage loan packages available to foreigners to get the best deal.
Ease of exit
When you decide to sell off your property, ease of exit is important. Singapore has a very active secondary market which attracts local and foreign buyers so selling off your property is easy.
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