Aellan Choo Real Estate Services

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renting house singapore

Tenant’s Guide to Renting Your First Home in Singapore

Choosing the perfect rental property in Singapore marks the commencement of an exciting journey. Understanding your requirements is pivotal. Consider the location carefully, as it sets the tone for your daily life. Whether it’s the bustling cityscape of Orchard Road or the serene neighborhoods of Bukit Timah, each locale brings its unique charm and convenience. Renting your first home in Singapore is a transformative experience.
Each step, from initial research to settling into your new abode, shapes your unique journey in this thriving city-state.

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Letter of Intent (Understanding LOI in Singapore Real Estate)

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.

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absd 2023

Singapore Doubles ABSD Rate to 60% for Foreign Property Buyers

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.

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Setting Up A Singapore Company

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.

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Buyer’s Stamp Duty (BSD) – MUST KNOW

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.

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Should Foreign Buyers Be Deterred By The 30% ABSD?

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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