Additionally, foreign buyers of Park Town Residences should be aware of the Additional Buyer’s Stamp Duty (ABSD) that applies to them. This is a tax imposed on foreigners buying residential properties in Singapore, on top of the standard buyer’s stamp duty. The ABSD rates range from 5% to 20%, depending on the buyer’s residency status and the number of residential properties they own in Singapore.
3. Engage the Services of a Trusted Real Estate Agent
5. Do Your Due Diligence
Navigating the Singapore property market can be overwhelming, especially for foreigners who are not familiar with the local laws and processes. That’s why it’s crucial to engage the services of a trusted and experienced real estate agent. They can provide valuable insights into the market, help you understand the property buying process, and represent your interests during negotiations with the developer.
In conclusion, Singapore’s property market offers many opportunities for …
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