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How to Buy Property in Singapore as a Foreigner

Thinking about buying property in Singapore but not sure where to start? Don't worry – you're not alone! Many foreigners dream of owning a slice of this beautiful, vibrant city. Whether you're planning to live here, invest, or just have a second home, Singapore’s property market is full of exciting opportunities. Let’s break down the steps in the simplest way possible!

1. Understand What You Can (and Can’t) Buy

First things first — foreigners can buy property in Singapore, but there are some rules you need to know.

✅ You CAN buy:

  • Private condominiums

  • Executive condominiums (ECs) that are more than 10 years old

  • Commercial properties (like offices and shops)

❌ You CANNOT buy without approval:

  • Landed properties (like bungalows, terrace houses, or semi-detached homes)

  • HDB flats (public housing)

If you're really keen on landed property, you’ll need to apply for approval from the Singapore Land Authority (SLA) — and approvals are rare unless you have strong ties to Singapore.

2. Check Your Eligibility

Before you start house hunting, make sure you're legally allowed to purchase property. As a foreigner, you’ll need to hold one of these:

  • Employment Pass (EP)

  • S Pass

  • Dependant Pass

  • Student Pass

  • Long-Term Visit Pass

If you're not working or studying in Singapore but just want an investment property, that’s fine too — you can still buy a private condo!

3. Plan Your Finances

Buying property here isn’t just about the price tag on the house or condo. You need to plan for:

  • Buyer’s Stamp Duty (BSD): Paid on the purchase price or market value (whichever is higher).

  • Additional Buyer’s Stamp Duty (ABSD): Foreigners usually pay 60% ABSD (updated in 2023).

  • Legal fees: For hiring a property lawyer.

  • Mortgage fees: If you're taking a loan.

💡 Quick Tip: Most banks in Singapore will loan foreigners up to 75% of the property's value, but you must meet their income and credit requirements.

4. Choose the Right Property

This is the fun part! 🏠

You’ll want to look for:

  • Good location (near MRT stations, malls, schools)

  • Freehold vs leasehold properties

  • Quality developers

  • Potential for rental income

If you're searching for a luxurious, freehold condominium with amazing facilities, you should definitely explore Faber Residence.
👉 Check out Faber Residences — a stunning new launch near Clementi that's perfect for both living and investing!

5. Engage a Real Estate Agent

While it's possible to buy on your own, a licensed property agent can make your life so much easier. They help with:

  • Finding suitable properties

  • Negotiating prices

  • Handling paperwork

  • Explaining government regulations

Make sure your agent is registered with the Council for Estate Agencies (CEA) in Singapore!

6. Make an Offer and Pay the Option Fee

Once you’ve found the property you love, here’s what happens:

  1. You make an offer.

  2. If accepted, you pay an Option to Purchase (OTP) fee (usually 1% of the property price).

  3. You have 14 days to decide whether to go ahead with the purchase.

  4. If you move forward, you pay another 4% to 9% to confirm the deal.

7. Hire a Lawyer

You’ll need a lawyer to help you:

  • Handle the sales contract

  • Ensure legal checks on the property

  • Register your ownership with the Land Titles Registry

Tip: Some banks offer free or discounted legal services if you’re taking a mortgage with them.

8. Complete the Purchase

Once all payments are made, documents are signed, and duties are paid, the property is officially yours! 🎉

You’ll get your Title Deed as proof of ownership, and you can now move in, rent it out, or just enjoy your investment growing over time.

Final Thoughts

Buying property in Singapore as a foreigner is totally possible — you just need to be prepared, understand the process, and budget properly.
Whether you’re looking for a cozy apartment or a luxury condo, Singapore offers a world-class living experience.

If you want a premium choice that ticks all the right boxes — great location, freehold status, top-tier facilities — don’t miss out on Faber Residence.
It's one of the best new luxury condos you can invest in right now!

Good luck with your property journey! 🏡✨

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