SINGAPORE EXPATS FORUM
Singapore Expat Forum and Message Board for Expats in Singapore & Expatriates Relocating to Singapore
Property Purchase
Property Purchase
Dear All,
Has anyone tried to purchase a property here in Singapore while you are still working here in any Singapore pass?
Can anyone share how they have able to do it?
Their contacts and who to go to?
P.S Dear Admin,
I could not find the area of which to post this. Please feel free to move it to another section that is connected to my query . thanks
Has anyone tried to purchase a property here in Singapore while you are still working here in any Singapore pass?
Can anyone share how they have able to do it?
Their contacts and who to go to?
P.S Dear Admin,
I could not find the area of which to post this. Please feel free to move it to another section that is connected to my query . thanks
Vincent
- sundaymorningstaple
- Moderator
- Posts: 40225
- Joined: Thu, 11 Nov 2004 1:26 pm
- Location: Retired on the Little Red Dot
Our hosts here at Singapore Expats will get you sorted with no problem.
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers
Hi Bluenose,bluenose wrote:I purchased a condo here last year...no issues if you have the money.
Can you share me on how you did it? Who are your contacts that help you ?
Like lawyers who helped you, I am afraid that it might be a problem working here and purchase a condo for rent.
It state in the MOM that we could not engage in any business or self employed in this country while still working in Singapore
Please advise.
Thanks
Vincent
Is a landlord considered as a self employed? It stated in the MOM that we as pass holders could not engage in any business or self employed.JR8 wrote:So your question is, is operating as a landlord considered as running a business?
I'd imagine if you did it in a personal capacity rather than incorporating it the answer would be no, but if I were you I'd contact MoM and ask them.
Do you think its better to contact a lawyer if this is possible?
Has anyone tried this yet?
Vincent
vb2011 wrote:Is a landlord considered as a self employed? It stated in the MOM that we as pass holders could not engage in any business or self employed.JR8 wrote:So your question is, is operating as a landlord considered as running a business?
I'd imagine if you did it in a personal capacity rather than incorporating it the answer would be no, but if I were you I'd contact MoM and ask them.
Do you think its better to contact a lawyer if this is possible?
Has anyone tried this yet?
No I think you should simply ask MoM. It is a very black and white question.
I appreciate that sub-continentals always prefer to engage agents, intermediaries, experts, gurus, friends, and what ever else rather than just dealing directly with the people that have the immediate answer... but really...
JR8 wrote:vb2011 wrote:Is a landlord considered as a self employed? It stated in the MOM that we as pass holders could not engage in any business or self employed.JR8 wrote:So your question is, is operating as a landlord considered as running a business?
I'd imagine if you did it in a personal capacity rather than incorporating it the answer would be no, but if I were you I'd contact MoM and ask them.
Do you think its better to contact a lawyer if this is possible?
Has anyone tried this yet?
No I think you should simply ask MoM. It is a very black and white question.
I appreciate that sub-continentals always prefer to engage agents, intermediaries, experts, gurus, friends, and what ever else rather than just dealing directly with the people that have the immediate answer... but really...
Thanks,
I'll give it a try...
Vincent
Hi Bluenose,vb2011 wrote:Hi Bluenose,bluenose wrote:I purchased a condo here last year...no issues if you have the money.
Can you share me on how you did it? Who are your contacts that help you ?
Like lawyers who helped you, I am afraid that it might be a problem working here and purchase a condo for rent.
It state in the MOM that we could not engage in any business or self employed in this country while still working in Singapore
Please advise.
Thanks
can you share me how you did it?
Have you also let your property be rented?
Please let me know.
Thanks
Vincent
- sundaymorningstaple
- Moderator
- Posts: 40225
- Joined: Thu, 11 Nov 2004 1:26 pm
- Location: Retired on the Little Red Dot
- Strong Eagle
- Moderator
- Posts: 11504
- Joined: Sat, 10 Jul 2004 12:13 am
- Location: Off The Red Dot
- Contact:
Re: Property Purchase
Anyone can purchase certain types of properties in Singapore. Other types, like semi-D's and landed properties like shop houses can only be purchased by Singapore citizens.vb2011 wrote:Dear All,
Has anyone tried to purchase a property here in Singapore while you are still working here in any Singapore pass?
Can anyone share how they have able to do it?
Their contacts and who to go to?
P.S Dear Admin,
I could not find the area of which to post this. Please feel free to move it to another section that is connected to my query . thanks
How do you do it? You find something you want to buy. You go to the owner's agent and make an offer. You pay them money. Presto. You own an property. That answers the questions you asked, doesn't it?
Re: Property Purchase
Hi Strong Eagle,Strong Eagle wrote:Anyone can purchase certain types of properties in Singapore. Other types, like semi-D's and landed properties like shop houses can only be purchased by Singapore citizens.vb2011 wrote:Dear All,
Has anyone tried to purchase a property here in Singapore while you are still working here in any Singapore pass?
Can anyone share how they have able to do it?
Their contacts and who to go to?
P.S Dear Admin,
I could not find the area of which to post this. Please feel free to move it to another section that is connected to my query . thanks
How do you do it? You find something you want to buy. You go to the owner's agent and make an offer. You pay them money. Presto. You own an property. That answers the questions you asked, doesn't it?
I am looking for a property to buy and have it rented. The thing is i heard it can be done. I am looking for someone who have already tried it.
Singapore law when it comes to this always have so many things to consider. Especially foreign work pass and MOM has a law against working or self employed.
If I have a property and have it for rent. There is also rental tax that need to be payed as well.am I right?
So if anyone has the knowledge of doing this it sure would be a great help.
I haven't known someone who is a Foreigner working in Singapore and bought a property here and change and have it rented.
Vincent
-
- Similar Topics
- Replies
- Views
- Last post
-
-
Purchase of private property need to pay agent's commission
by mary_tan » Fri, 08 May 2020 3:48 pm » in Property Talk, Housing & Rental - 6 Replies
- 3068 Views
-
Last post by Zhou Anqi
Wed, 10 Jun 2020 10:52 am
-
-
-
Foreign property mortgages from OCBC or other Singapore bank (USA property specifically)
by American » Sat, 01 Dec 2018 2:16 pm » in Property Talk, Housing & Rental - 7 Replies
- 5957 Views
-
Last post by PNGMK
Tue, 04 Dec 2018 12:45 pm
-
-
-
Im looking to purchase a Peloton spin bike - please message me if anyone is selling thanks
by JacY123 » Tue, 08 Sep 2020 11:36 am » in Beauty, Health & Fitness - 1 Replies
- 2637 Views
-
Last post by abbby
Wed, 09 Sep 2020 9:18 pm
-
-
- 0 Replies
- 3467 Views
-
Last post by ZudyNguyen
Sun, 06 Dec 2020 8:40 pm
-
- 70 Replies
- 14735 Views
-
Last post by Wd40
Sun, 27 Jun 2021 10:37 pm
Who is online
Users browsing this forum: No registered users and 4 guests