Tag Archives: Singapore

Getting an Overseas Property Loan in Singapore: A Complete Guide

singapore-overseas-property-loans

I get increasingly more questions from foreigners who look for financing overseas, might it be for purchases in the country where the loan is obtained, or elsewhere. Often, the buyers have sufficient with cash, but don’t want to put a big chunk of money in one investment.

There are countries in Asia that offer overseas property loans, one of the most popular ones is Singapore. I will continue writing about how you can get overseas property loans in Asian countries, but let’s start and have a look how it works when obtaining one in Singapore.

What is an overseas property loan?

If you’re a Singapore citizen or a permanent resident foreigner in Singapore, you can apply for a so called overseas property loan. Not all banks offer the loans, but you’ll find a handful of banks who do.

Simply put, overseas property loans are designed for investors who wish to buy property in another country, the banks normally offer the loans for purchases in a limited amount of developed countries, or sometimes even cities.

As a start, you can apply for the loan in your country of residence, but your main contact will be with a local branch in the country where you plan to buy.

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Top Real Estate Agencies in Singapore: A Complete Guide

real-estate-agencies-singapore

Singapore is the financial hub in Southeast Asia and attracts tons of foreigners who want to switch citizenship and settle down in one of the most well-functioning countries in the world.

Buying property is straightforward and regulations transparent, especially in comparison to other countries in the region, like Indonesia, Vietnam or Cambodia. You’ll be able to find a number of real estate agencies, all big players can be found here.

But there are many local agencies that have grown much over the years and that provide great services. Therefore, I decided to write this article where I’ve listed some of the biggest and most popular real estate agencies in Singapore.

Introductory remark

The agents are listed in a random order.

1. Propnex

With almost 7000 agents, Propnex is the biggest real estate agency in terms of agents in Singapore. The company recently merged with another big real estate agency called Dennis Wee group. Ismail Gafoor is originally from India and currently the CEO, he has received a number of awards, such as:

a. 2008 – Entrepreneur of the Year (Association of Small and Medium Enterprises), Top Entrepreneur (eCommerce Awards), Overall Indian Entrepreneur of the Year (Singapore Indian Chamber of Commerce and Industry)

b. 2015 – Entrepreneur of the Year (Spirit of Enterprise, Nexia-TS)

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Buying Commercial Property in Singapore: The Ultimate Guide

buying-commercial-property-singapore

If you read this article, you’ve probably understood that residential property is not your only option when investing in Singapore. Or maybe you just want to know more about the opportunities when buying commercial property.

The fact is that you can buy commercial property, without the necessity to put up a big amount of money on the table, if that’s your wish. Many foreigners faulty believe that buying commercial property is out of their range and dedicated to more sophisticated investors.

Therefore, I decided to write this article to explain how you can buy commercial property in Singapore and what benefits it brings.

Strata-title commercial property

Buying a unit in a condo (strata-title property) is a preferred option when expats and Asians invest in the region. Why? Because it brings many benefits and is fairly cheap, in most countries at least (maybe Singapore is an exception).

But condominiums are not the only property type which comes with a strata-title, in fact, you can buy strata-title commercial property as well. The same concept applies: you own a unit, share common areas with others and let someone maintain the whole building.

One misconception is that people faulty believe you need to buy the whole structure, but you rarely buy a whole condo building either, right?

Benefits of buying commercial property

Understandably, there are both benefits and drawbacks when buying both residential and commercial properties. First, let’s have a look at some of the benefits which might convince you to go for this option:

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Top 10 Property Developers in Singapore: A Complete Guide

property-developers-singapore

Buying off-plan is the preferred choice for many investors in Asia, including Singapore. But there’s little information out there that explains about the largest and most reputable developers.

Foreigners can generally not buy landed houses in Singapore, leaving them with the option to buy a condo or an apartment, often off-plan.

In this article, I’ve listed the biggest and most popular real estate developers in Singapore.

1. Far East Organization

Far East Organization is one of the largest property developers, not only in Singapore, but in the whole world. It’s owned by Robert and Philip Ng, who’s also ranked as the richest person in Singapore.

The group also owns the Sino Group in Hong Kong, which is one of the largest property developers in Hong Kong. Far East Organization is also one of the oldest developers in Singapore founded in 1962.

On top of that, the group owns a number of subsidiaries, like Yeo Hiap Seng Limited and Far East Orchard.

According to some estimates, they’ve completed more than 750 projects in the last five decades, making the calculations, it means that one in six families in Singapore lives in a house/apartment developed by Far East Organization.

It’s currently the only property developer in the world that has won ten FIABCI Prix Excellence Awards, which is the most reputed international award for property developers.

Property types

You can find a wide range of options to invest in Far East Organization projects. They develop everything from residential property, commercial property, offices, industrial buildings, hotels, serviced residences, shopping malls and others.

You’ll also be able to find many residential properties like terrace houses, penthouses, apartments, condominiums, townhouses, semi-detached houses, cluster housing and others.

Current projects

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A Solicitor’s Advice to Singapore Property Buyers: By Eben Ong (interview)

solicitor-singapore

Buying property in a transparent market like Singapore’s is a relatively easy task.

But even if the buying process is straightforward, it’s important that you seek help from a Solicitor that understands the conveyancing process and foreign ownership regulations in and out.

Today, I have Eben Ong with me from Loh Eben Ong LLP, a reputable Singaporean law firm that works in a wide range of areas, providing services in Conveyancing & Property, Trademark, Deed Poll and more.

The firm was established in 1994 and has a long experience of helping foreigners buying property in Singapore.

Thanks for having you here Eben. First, can you please tell us more about yourself and your current business in Singapore?

I am a practicing lawyer in Singapore, and one of the founding partners of LOH EBEN ONG LLP, a boutique law practice in Singapore.

Our law practice has an established real estate legal practice for more than 20 years. More information about our law practice can be found on our website (see link above).

It gets increasingly popular for Singaporeans, and many other foreign buyers, to look for information themselves, relying less on services from agents. Is this something you’ve noticed while working in Singapore? How do you think the real estate industry will change in the coming years?

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How to Buy Property in Singapore: A Complete Guide (infographics)

Suggestion: Watch the 5 minutes video tutorial before reading this article

Property prices have increased a lot in Singapore over the last decade, and it doesn’t surprise me as it’s one of the best places to live in the world.

Expats and foreign investors from all over the world buy property in this Asian crown jewel.

Singapore is a well-functioning state that takes care of its citizens, that’s why their property market has succeeded better compared to Hong Kong for example.

In this article I explain the crucial information you need to know when buying property in Singapore.

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