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Foreigners are eligible to purchase condominium property in Singapore.
The applicable residential ABSD rate for 1st and subsequent property is 60%.

Singapore PR are eligible to purchase private property in Singapore.
The applicable ABSD rate for 1st property is 5%.

The downpayment is 25%.  The rest of the payments are paid progressively according to construction stages and can be financed with bank loan.

Property Value 
First $180,0001%
Next $180,0002%
Next $640,0003%
Next $500,0004%
Next $1,500,0005%
In Excess of $3,000,0006%

Sources: MND, MOF, MAS

Singapore Citizens First residential Property 0%
Second residential property 20%
Third and subsequent residential property 30%
Permanent Residents First residential Property 5%
Second residential property 30%
Third and subsequent residential property 35%
Foreigners Any residential property 60%
Entities/Trustees Any residential property 65%
Sources: MND, MOF, MAS

Scenario 1:

If a married couple meets the remission conditions specified in the Stamp Duties (Spouses) (Remission of ABSD) Rules, they may be eligible for remission of ABSD when purchasing a residential property.

You may refer to IRAS website on Remission of ABSD for a Married Couple

Scenario 2:

During Budget 2024, the Government unveiled a new measure stating that single Singapore Citizen seniors aged 55 and above may be eligible for an Additional Buyer's Stamp Duty (ABSD) refund for purchases of a second residential property made on or after 16 Feb 2024, subject to meeting certain conditions.

You may refer to IRAS website on ABSD Concession for Single Singapore Citizen Seniors

Individuals who are citizens or permanent residents of Iceland, Liechtenstein, Norway, Switzerland or nationals of the United States of America, are accorded the same Stamp Duty treatment as Singapore Citizens from paying ABSD on their first residential property purchase in Singapore.

This exemption is not applicable to other foreign buyers.

The table below summarizes the rates of Seller's Stamp Duty (SSD) that are payable on residential property acquisitions made on or after 11th March 2017 and subsequently sold within a certain duration.
Up to 1 year 12%
More than 1 year and up to 2 years 8%
More than 2 years and up to 3 years 4%
More than 3 years No SSD payable
Source: IRAS
The progressive payment schedule typically involves the developer requesting payments in stages as the construction progresses. The payment stages are tied to specific milestones, such as the completion of the foundation, framing, and completion of the building.
Order of Payment Progress of Payment Percentage of Payment
1st Payment Upon obtaining Option To Purchase 5%
Upon signing of Sales & Purchase Agreement 15%
2rd Payment On completion of foundation work 10%
3th Payment On completion of reinforced concrete framework 10%
4th Payment On completion of brick wall 5%
5th Payment On completion of ceiling/roofing 5%
6th Payment On completion of doors and window frames are in position, electrical wiring (without fittings) & plumbing & internal plastering 5%
7th Payment Completion of car park, roads and drains serving the housing project 5%
8th Payment On production of the Temporary Occupation Permit & the Architect's Certification of Completion 25%
9th Payment Upon completion of the Sale & Purchase 2%
Upon production of the Certificate of Statutory Completion 8%
On the expiry of 12 months from the date of notice to take vacant possession. 5%
The Loan-to-Value (LTV) ratios for individuals vary based on the number of existing housing loans the borrower holds. For residential property loans where the Option to Purchase (OTP) is issued on or after July 6, 2018, the following LTV limits are in effect:
Outstanding housing loans LTV limit Minimum cash downpayment
None 75% or 55%* 5% (for LTV of 75%)
10% (for LTV of 55%)
1 45% or 25%* 25%
2 or more 35% or 15%* 25%
*If the loan tenure surpasses 30 years, or if the loan duration extends past the borrower’s age of 65 years, the lower LTV limit will be applied. Source: MAS

Purchasing 1st Property using CPF
You and any co-owners are permitted to utilize your individual Ordinary Account (OA) savings, up to the lower of either the purchase price or the valuation price at the time of purchase.

Purchasing 2nd or subsequent property using CPF
After setting aside the applicable Basic Retirement Sum (BRS) in your CPF accounts, you can utilize your Ordinary Account (OA) savings for your property.

Savings in your Retirement Account (if you are aged 55 and above), Special Account, and OA can contribute towards meeting the BRS requirement. If you are below 55 years old, your BRS is determined by the current BRS.

Your BRS and Full Retirement Sum (FRS) depend on your age when you turn 55 and remain consistent throughout your lifetime. Here are the retirement sums applicable to members turning 55 from 2024 to 2027:

If you turn 55 inYour BRS isYour FRS* is
2024$102,900$205,800
2025$106,500$213,000
2026$110,200$220,400
2027$114,100$228,200

*The FRS is set at twice the BRS amount.

Source: CPF

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