FAQs

The Singapore property market has been recovering since the second half of 2020, after a brief downturn caused by the COVID-19 pandemic. Prices have been rising steadily, particularly in the private residential and landed property segments. However, the government has implemented cooling measures to prevent a property bubble from forming, so price growth is expected to be moderate.

Property tax in Singapore is based on the annual value (AV) of the property, which is the estimated gross annual rent that the property could fetch if it were rented out. The property tax rate for residential properties is progressive, ranging from 0% to 4%, depending on the AV. Non-residential properties are taxed at a flat rate of 10%.

To qualify for a housing loan in Singapore, you must meet the bank's eligibility criteria, which typically include having a stable income and a good credit score. The loan amount that you can qualify for will depend on your income and the property's value. The maximum loan-to-value (LTV) ratio for residential properties is 75%, meaning that you must make a down payment of at least 25% of the purchase price.