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The Top 5 Myths About Buying Property in Singapore – Debunked!

Posted by Jayson Ang on June 4, 2023
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The Top 5 Myths About Buying Property in Singapore – Debunked!

Here are the top 5 myths about buying property in Singapore – debunked!

Myth #1: Property in Singapore is too expensive for the average person.
While it’s true that property prices in Singapore can be high, there are still options available for those on a budget. Consider looking in the suburbs or outlying areas, which may have lower prices. You can also consider smaller units or properties that need some work, which can be purchased at a lower price and then improved to increase their value.

Myth #2: You need to have a high income to qualify for a mortgage.
While having a high income can certainly make it easier to qualify for a mortgage, it’s not necessarily a requirement. Lenders consider a range of factors when determining mortgage eligibility, including your credit score, debt-to-income ratio, and the type of property you are looking to purchase. It’s worth speaking with a mortgage broker or lender to understand your options.

Myth #3: It’s not worth buying property in Singapore because of the high stamp duty.
While it’s true that stamp duty can be a significant cost when purchasing property in Singapore, it’s not necessarily a deal breaker. It’s worth considering the overall cost of the property, including stamp duty, in relation to the potential for capital appreciation and rental income.

Myth #4: You need to be a Singapore citizen to buy property in Singapore.
While Singapore citizens do have certain advantages when it comes to buying property, it’s not a requirement. Foreigners are allowed to purchase property in Singapore, although there are certain restrictions that apply. For example, foreign individuals are generally only allowed to purchase certain types of residential property, such as condominiums, apartments, commercial properties and shophouses.

Myth #5: All properties in Singapore appreciate in value.
While it’s true that many properties in Singapore have appreciated in value over time, it’s not a guarantee. It’s important to research the local market and consider factors such as the location, condition of the property, and any potential for renovation or upgrades when evaluating the potential for capital appreciation. For example, properties located in highly desirable areas or in good condition are more likely to appreciate in value than properties in less desirable areas. It’s also worth considering the overall economic climate and any potential risks or uncertainties that may impact the value of the property. Overall, it’s important to do your due diligence and carefully consider the potential risks and rewards of any property investment.

I hope this information helps to clear up some common misconceptions about buying property in Singapore.

If you want even more tips and advice on investing in the Singapore property market, be sure to like and share, or contact us for expert advice!

在新加坡购买房产的 5 大误区

今天在五新房产我们要跟你揭穿在新加坡购买房产的 5 大误区。


虽然新加坡的房地产价格确实很高,但对于那些精打细算的人来说,仍然还有很多选择。 寻找郊区或边远地区的房产价格会稍微低一点。 你也可以考虑找旧一点或小一点的单位,用低价格购买然后再装修,提高单位的价格。

误区 2:你需要有高收入才有资格获得抵押贷款。

虽然拥有高收入可以更容易获得抵押贷款,但这不是必需的。 贷方在确定抵押贷款资格时会考虑一系列因素,包括您的信用评分、债务收入比以及您希望购买的房产类型。建议跟贷款经纪人或贷方交谈谈,让你了解你的选择。


误区 3:由于印花税高,在新加坡购买房产不值得。

虽然在新加坡购买房产时印花税确实高,但这并不一定会破坏交易。 值得考虑与资本增值潜力和租金收入相关的房产总成本,包括印花税。


外国人可以在新加坡购买房产,但有一些限制。 例如,外国个人通常只被允许购买某些类型的住宅物业,例如公寓、公寓、商业物业和店屋。

误区 5:新加坡的所有房产都在升值。

虽然新加坡的许多房产确实随着时间的推移而升值,但这不是一定的。 在评估资本增值潜力时,研究当地市场并考虑诸如位置、房产状况以及任何翻新或升级的潜力等因素。 例如,在一个不受欢迎的区的房产价格不会比一个在理想区的单位高。你也得考虑整体经济环境以及可能影响房产价值的任何潜在风险或不确定性。



Should You Buy, Sell or Wait?

If you’re reading this, you must be trying to figure out the best course of action right now: is it the right time to buy or sell?

It’s difficult to give an exact answer since everyone’s situation is unique and what works for one person may not necessarily work for you.

I can bring you a wealth of on-the-ground experience and a data-driven approach to provide clarity and direction. From beginners to experienced investors, our top-down, objective approach will help you on your real estate journey.

I can help you by:

  1. Offering Strategic Real Estate Advice – I can help create a comprehensive plan to guide you through your property journey.
  2. Connecting Your Home with the Perfect Buyers – Through stunning visuals, an effective communication strategy, and an in-depth knowledge of the market, we’ll ensure your home is presented in the best possible way to fulfill your goals.




我可以为您带来丰富的实地经验和数据驱动的方法,以提供清晰度和方向。 从初学者到经验丰富的投资者,我会使用客观的方法在您的房地产之旅中为您提供有效地帮助。


– 提供战略性房地产建议。我可以帮助制定一个全面的计划来指导您完成您的房地产之旅。

– 通过令人惊叹的视觉效果、有效的沟通策略和对市场的深入了解,我们将确保以最佳方式展示您的家,以实现您的目标。

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