Foreign investors must have a thorough understanding of the regulations and restrictions surrounding property ownership in Singapore. While the purchase of condos is typically less restricted for foreigners, there are stricter rules in place for landed properties. Additionally, foreign buyers are subject to the Additional Buyer’s Stamp Duty (ABSD), which currently stands at 20% for their initial property purchase. However, despite the added costs, the stability and promising growth potential of the Singapore real estate market continue to entice foreign investment. For those seeking to invest in Singapore’s property market, exploring available mortgage options would be wise.
Another attractive feature of flexible mortgage options is the ability to take a payment break. Life is full of unexpected events, such as job loss, illness, or family emergencies. During these times, having the option to take a break from mortgage payments can provide much-needed relief and peace of mind. Of course, this …
