The Letter of Intent (LOI) is a crucial element in Singapore’s real estate market, serving as a preliminary agreement between tenants and landlords. In a nutshell, the LOI is a friendly, non-binding document that allows tenants to express their interest in leasing a property and kickstarts the negotiation process.

In a bold move to regulate the real estate market, Singapore has recently announced a significant increase in the Additional Buyer’s Stamp Duty (ABSD) rate for foreign property buyers. Effective immediately, the ABSD rate has been doubled from 30% to a staggering 60%. This decision aims to ensure a stable and sustainable property market, while prioritizing the housing needs of Singaporean citizens. With this new measure in place, the government seeks to strike a balance between attracting foreign investment and safeguarding the interests of local residents. Foreign property buyers will now need to carefully evaluate their options, while Singapore continues to solidify its position as a thriving and resilient real estate market.

When anyone is looking to secure a property, there are two important factors that i always

Learn about co-living in Singapore, its legality, requirements, advantages and disadvantages, and what to take note of as a landlord. Contact me for more information.

Incorporating a company in Singapore involves understanding the different options available and the process of setting up your own legal entity. There are two main types of companies: public and private. Public companies are listed on the Singapore Stock Exchange and must have at least 50 shareholders, while private companies can have no more than 50 shareholders. Both locals and foreigners over 18 can incorporate a company in Singapore. Foreign individuals must complete their company registration before being eligible for an employment pass with guaranteed approval from the authorities.

Are you planning to purchase a property in Singapore? You need to be aware that buyer’s stamp duty (BSD) applies for any property that you purchase in Singapore. Here’s some quick information that are updated on 21 Feb 2023.

Singapore has a reputation as a prosperous, efficient, and safe country. Its political stability and peaceful transition of leadership have made it a popular choice for global investors. If you are a foreigner, read on to find out if the 30% ABSD rate should discourage you from purchasing a residential property in Singapore.

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