Homejourney’s Complete Home Buying Guide for Singapore 2025 is the definitive resource for property buyers and investors—combining authoritative market data, regulatory insights, and step-by-step guidance, all with a relentless focus on user safety, trust, and transparency. Whether you’re a first-time buyer, seasoned upgrader, or investor, this comprehensive guide empowers you to make confident, informed decisions in Singapore’s dynamic property landscape.
Table of Contents
- Why Buy Property in Singapore?
- Singapore Property Market Overview (2025)
- Types of Property in Singapore
- Eligibility and Regulations for Buyers
- Financial Planning, Mortgage, and Grants
- Choosing Location & Projects
- Step-by-Step: The Buying Process
- Property Inspection & Due Diligence
- Ownership, Maintenance & Post-Purchase Steps
- Why Choose Homejourney?
- Frequently Asked Questions
- Next Steps with Homejourney
Why Buy Property in Singapore?
Singapore’s real estate is renowned for its stability, transparency, and strict regulatory framework. Homeownership remains a cornerstone of wealth creation and security, supported by government policies and a robust legal system. In 2025, Singapore continues to attract both local and international buyers due to:
- Political and economic stability
- Consistent market appreciation (average 4-5% per annum for non-landed private homes over the past decade[1][6])
- World-class infrastructure and amenities
- Transparent transaction processes that protect buyers
- Safe, trusted environment—Homejourney’s core value proposition
Singapore Property Market Overview (2025)
The Singapore property market in 2025 is characterized by stabilizing prices and healthy demand, despite recent cooling measures. Here’s a snapshot of the latest trends:
| Segment | 2025 Price Trend (YoY) | Key Insights |
|---|---|---|
| Non-landed Private Property | +4.74% | Resilient demand, driven by upgraders and investors[1][6] |
| Landed Property | -1.30% | Slight decline due to higher entry costs, but remains a prestige segment[1] |
| HDB Resale Flats | Stable | Affordable entry, strong demand from first-timers[1][2] |
Foreign buyer policies have tightened, with Additional Buyer’s Stamp Duty (ABSD) up to 60% for foreigners. Mortgage rates remain moderate but are sensitive to global trends. The Urban Redevelopment Authority’s Master Plan continues to shape growth, with new launches in key districts and ongoing infrastructure upgrades[1]Straits Times Housing News Business Times Property .
Types of Property in Singapore
Understanding property types is essential for both eligibility and investment potential. Below is a summary table for quick reference:
| Type | Eligibility | Key Features |
|---|---|---|
| HDB Flats | Singapore Citizens, PRs (with restrictions) | Most affordable, government-subsidised, resale & BTO options[1][2] |
| Executive Condominiums (ECs) | Singapore Citizens & PRs | Hybrid public-private, income ceiling S$16,000[1] |
| Private Condominiums | No citizenship restrictions | Full facilities, open to foreigners (subject to ABSD)[1][4] |
| Landed Property | Citizens; PRs/Foreigners need approval | Highest prestige, tightly regulated[1][4] |
For a detailed investment comparison, see 新加坡公寓、别墅与组屋投资价值全面对比 | Homejourney专家分析 新加坡公寓、别墅与组屋投资价值全面对比 | Homejourney专家分析 .
Eligibility and Regulations for Buyers
Eligibility Criteria (2025)
- HDB Flats: Only Singapore Citizens and PRs, must form a family nucleus. Income ceilings and other restrictions apply[1][2].
- ECs: Singapore Citizens and PRs; income ceiling of S$16,000, family nucleus required[1].
- Private Condos: Open to all, including foreigners, but ABSD applies[1][4].
- Landed Property: Citizens; PRs/Foreigners need government approval; limited to certain landed types[1][3][4].
Regulatory Framework
- Additional Buyer’s Stamp Duty (ABSD): Up to 60% for foreigners, 20% for Singaporeans buying a second property[1][3].
- Loan-to-Value (LTV) Limit: 75% for first housing loan, lower for subsequent loans[1].
- Total Debt Servicing Ratio (TDSR): Total monthly debt repayments capped at 55% of gross income[1][3].
- CPF Usage: Strict rules on using Central Provident Fund savings for property purchase—check eligibility early[1][2].
For foreigners and PRs, see also 中国买家在新加坡购房：法律、财务与文化全攻略｜Homejourney权威指南 中国买家在新加坡购房：法律、财务与文化全攻略｜Homejourney权威指南 and How to Buy Property in Singapore as an Indonesian Investor (2025)[3].
Financial Planning, Mortgage, and Grants
Budgeting and Upfront Costs
- Downpayment: Usually 20–25% of the purchase price; at least 5% must be in cash for private properties[1].
- Stamp Duties: Buyer’s Stamp Duty (BSD) and ABSD (if applicable)[1][3].
- Legal Fees: Typically S$3,000–5,000[3].
- Other Costs: Valuation, agent fees, renovation, insurance, and emergency fund[3].
Financing Options
- Bank Loans: Up to 75% LTV for first property; check latest mortgage rates on Homejourney Bank Rates Mortgage Rates .
- HDB Loans: For eligible HDB buyers; stricter eligibility, but lower minimum downpayment (10%).
- CPF Usage: Can be used for downpayment and monthly installments, subject to limits.
Government Grants (2025)
- Enhanced CPF Housing Grant (EHG): Up to S$80,000 for first-timers, subject to income ceiling (S$9,000 for families)[2].
- Proximity Housing Grant (PHG): Up to S$30,000 if living with/near parents[2].
For a detailed financing and grant breakdown, see First-Time Buyer's Guide to Singapore Property Market: Homejourney’s Trusted Approach First-Time Buyer's Guide to Singapore Property Market: Homejourney’s Trusted App... .
Choosing Location & Projects
Location is the single biggest driver of property value and satisfaction. Homejourney empowers your search with verified, trusted listings Property Search Property Search . Key criteria include:
- Proximity to MRT: Properties within 500m of MRT stations command a premium[1][4].
- School Networks: Access to top schools boosts demand and price.
- Workplace/Amenities: Shorter commutes, easy access to retail and healthcare.
- Future URA Master Plan: Research upcoming developments for growth potential.
- Neighbourhood Character: Each district offers unique vibes—explore with Homejourney’s projects directory Projects Projects Directory .
For in-depth project analysis, see 2025年新加坡房产市场概览（中国投资者版）| Homejourney权威指南 2025年新加坡房产市场概览（中国投资者版）| Homejourney权威指南 .
Step-by-Step: The Buying Process
Buying property in Singapore is a structured, multi-stage process. Homejourney’s verified approach ensures transparency and safety at every step:
- Define Criteria: Budget, location, property type, must-have features.
- Secure In-Principle Approval (IPA): Get pre-approval for your loan for a stronger negotiating position.
- Property Search: Use Homejourney for AI-powered, safe, and trusted listings Property Search Property Search .
- View and Shortlist: Attend viewings, compare units, assess condition.
- Make an Offer: Negotiate price and terms, submit Option to Purchase (OTP).
- Exercise OTP & Pay Deposit: Secure the property by exercising your rights within the stipulated period.
- Finalise Financing: Confirm the loan, complete legal checks, pay stamp duties.
- Completion & Key Collection: Transfer ownership, receive keys, move in.
For a full workflow, see Singapore Property Transaction Process: Step-by-Step Guide by Homejourney Singapore Property Transaction Process: Step-by-Step Guide by Homejourney .
Property Inspection & Due Diligence
Due diligence is crucial for a safe and secure transaction. Homejourney recommends:
- Title and Legal Checks: Confirm ownership, encumbrances, and compliance.
- Physical Inspection: Assess unit condition, check for defects, evaluate building maintenance.
- Renovation Needs: Factor in cost, timeline, and regulatory approvals.
- Maintenance Fees: Review monthly fees, sinking fund, and management quality[3].
For a detailed checklist, see Essential Property Inspection Checklist for Singapore Buyers | Homejourney Guide Essential Property Inspection Checklist for Singapore Buyers | Homejourney Guide .
Ownership, Maintenance & Post-Purchase Steps
Ownership and Title Transfer
- Legal Completion: Buyer receives keys, title is transferred, and mortgage (if any) is registered.
- Insurance: Secure fire/home insurance immediately after completion.
Property Maintenance & Services
- Routine Maintenance: Engage professional services for aircon, electrical, and plumbing needs Aircon Services .
- Management Fees: Pay monthly MCST fees for condos, town council fees for HDB.
- Renovation & Upgrades: Comply with HDB/MCST guidelines for works.
For home maintenance tips, see Homejourney’s Property Maintenance Services Aircon Services .
Why Choose Homejourney?
Homejourney is Singapore’s most trusted property platform, designed around your safety and confidence:
- Verified Listings: Rigorous checks to prevent scams and misrepresentation.
- Transparent Processes: Step-by-step guidance, with clarity on costs and timelines.
- User Feedback Loop: Continuous improvement based on real buyer and seller feedback.
- Customer-Centric Support: Dedicated advisors and exceptional service at every step.
Homejourney empowers you to make confident, informed decisions—supported by a safe, secure environment and full transparency.