Step-by-Step Property Buying Process for Foreigners in Singapore
The step-by-step property buying process for foreigners in Singapore involves checking eligibility, securing financing, paying stamp duties like ABSD at 60%, and completing legal transfers—all while navigating restrictions on HDB and landed properties. Homejourney prioritizes your safety by verifying every detail, ensuring transparent transactions in a trusted environment.
This cluster guide breaks down the process tactically, linking back to our comprehensive Pillar: Ultimate Guide to Buying Property in Singapore as a Foreigner. With 2025-2026 market cooling measures in place, foreigners face high ABSD but can access condos and Sentosa Cove landed homes seamlessly[2].
Why Foreigners Choose Singapore Property in 2025-2026
Singapore's political stability and efficient governance make it ideal for long-term investment, despite high costs[2]. Foreign buyers, including those from China navigating capital controls, target private condos for unrestricted access. Homejourney's verified listings on Property Search help you start safely.
Current context: ABSD at 60% for foreigners applies from first purchase (April 2023 measures)[2]. Yet, demand persists in areas like Orchard or Sentosa Cove, with condo prices averaging S$2,000-S$3,000 psf in prime districts.
Step 1: Confirm Eligibility and Property Types
Foreigners cannot buy new HDB flats or most landed properties without approval, but can purchase condos, privatised ECs, and Sentosa Cove landed homes freely[2]. For HDB resale, only via Non-Citizen Spouse Scheme if married to a Singaporean, requiring valid Work/Visit Pass[1].
Actionable checklist:
- Verify pass status (EP, S Pass, or Long-Term Visit Pass)[1].
- Exclude restricted types: vacant land, terrace/semi-D/bungalows outside Sentosa[2].
- Use Homejourney's Projects Directory for eligible projects.
Insider tip: Sentosa Cove offers rare landed options; approvals from SLA are case-by-case for exceptional contributors[2].
Properties Foreigners Can Buy
| Property Type | Eligibility | Notes |
|---|---|---|
| Condo/Apartment | Unrestricted | Most popular choice |
| Privatised EC | After 10 years MOP | Hybrid benefits[1] |
| Sentosa Cove Landed | Direct purchase | Luxury exception[2] |
Link to for deeper analysis.
Step 2: Calculate Costs and Stamp Duties
Budget for Buyer's Stamp Duty (BSD) up to 6% plus 60% ABSD on purchase price[2]. Example: S$1.5M condo incurs ~S$900K ABSD. Use Homejourney's ABSD Stamp Duty Calculator & Guide 2025–2026 | Homejourney for precise calculations.
Other costs: 1-2% agent fees, legal fees S$2K-S$5K, 99-year leasehold considerations. No CPF for foreigners, so full cash outlay required.
Step 3: Secure Financing
Foreigners face 50-70% LTV limits under TDSR/MSR rules from MAS. Banks offer 1.5-2.5% rates; compare via Bank Rates or Mortgage Rates .
Details in . Tip: Pre-approve loans before viewing to strengthen offers.
Step 4: Find and Book the Property
Search verified listings on Homejourney's Property Search . Engage licensed agents for viewings (e.g., 10-15 min walk from MRT like Orchard MRT Exit B).
- Submit Option to Purchase (OTP): 1% fee, valid 14-21 days.
- Exercise OTP: Pay 4% deposit.
- Appoint lawyer for due diligence.
Timeline: 8-12 weeks from OTP to key collection.
Step 5: Complete Legal Transfer and Possession
Lawyer handles caveats, title checks, and stamp duty payment within 14 days. Final 25% payment at completion. Post-purchase: Register with LTA if needed, plan maintenance via Aircon Services .
Disclaimer: This is general guidance; consult professionals for personalized advice per URA/HDB rules.
Common Mistakes to Avoid
- Ignoring 60% ABSD—budget accurately.
- Overlooking pass expiry during process[1].
- Skipping lawyer review—red flag if seller rushes.
For China buyers: Check China Capital Controls & Singapore Property: Complete 2025-2026 Buyer's Guide on forex rules.
Financial Breakdown Example (S$1.5M Condo)
| Item | Cost |
|---|---|
| ABSD (60%) | S$900,000 |
| BSD (4% avg) | S$60,000 |
| Legal/Agent | S$30,000 |
FAQ: Step-by-Step Property Buying Process for Foreigners
Can foreigners buy HDB flats?
Only resale via Non-Citizen Spouse Scheme if married to Singaporean[1].
What is the ABSD rate for foreigners in 2025?
60% on first residential purchase[2]. Use ABSD Stamp Duty Calculator & Guide 2025: Homejourney Singapore .
How long does the process take?
8-12 weeks post-OTP.
Can I get a bank loan?
Yes, up to 50-70% LTV; see Financing Options for Foreign Buyers in Singapore | Homejourney Guide .
Special rules for China buyers?
Navigate forex limits; details in China Capital Controls & Singapore Property: Complete 2025-2026 Buyer's Guide .
Ready to start? Search trusted properties on Homejourney's Property Search today. For full details, return to our Pillar: Ultimate Guide to Buying Property in Singapore as a Foreigner. Homejourney ensures safe, verified journeys—your trust is our priority.
