How to Buy Singapore Property from Overseas: A Simple Guide for Foreign Buyers

Buying property in Singapore while living overseas might sound like a tough process — but with the right knowledge and preparation, it’s actually quite smooth and secure. Whether you’re an investor, an expat, or someone looking for a new home in one of Asia’s safest and most stable markets, Singapore real estate has a lot to offer.

In this guide, we’ll walk you through everything you need to know about how to buy Singapore property from overseas — step by step, without complicated jargon.


🏙 Why Invest in Singapore Property?

Singapore is a global financial hub with:

  • A strong legal system

  • Transparent property rules

  • Excellent rental returns

  • High property value stability

For overseas buyers, this makes Singapore one of the most secure places to invest in real estate. Whether it’s a modern condo, a luxury apartment, or a new launch property, there’s something for every budget and goal.


🌍 Can Foreigners Buy Property in Singapore?

Yes — but with some conditions.

Foreigners are allowed to purchase:

  • Private condos

  • Executive condos (resale only after 10 years)

  • Commercial properties

  • Landed properties (with special government approval)

You cannot buy HDB flats unless you’re a Permanent Resident (PR) who’s been in Singapore for 3 years and meets other criteria.

So, if you're looking for a premium condo or investment property, you’re good to go!


📝 Step-by-Step: How to Buy Property in Singapore from Overseas

Here’s the simple process explained:


1. Shortlist Your Property Online

There are many property portals and developer websites to explore current listings. Look for key factors like:

  • Location

  • Price per square foot (PSF)

  • Nearby amenities (MRT, malls, schools)

  • Developer reputation

👉 One great example is Promenade Peak — a luxury new launch condo located in a prime district. With beautiful views and world-class facilities, it’s a perfect choice for overseas buyers looking for long-term value.


2. Engage a Property Agent

Appoint a licensed real estate agent in Singapore to assist you. They’ll:

  • Arrange virtual showflat tours

  • Negotiate with developers or sellers

  • Handle paperwork and due diligence

Agents typically charge no fees to buyers — they get their commission from the seller or developer.


3. Appoint a Lawyer (Conveyancing)

A conveyancing lawyer will handle all legal documents and ensure that your property purchase is 100% compliant with Singapore law.

They will also:

  • Handle your Option to Purchase (OTP)

  • Register the property under your name

  • Ensure safe transfer of funds


4. Secure Financing or Prepare Full Payment

Foreigners usually need a minimum of 25% down payment in cash. You can also apply for a home loan from a Singapore bank if eligible.

Keep in mind:

  • Loan-To-Value (LTV) ratios may be lower for foreigners.

  • Interest rates in Singapore are competitive but vary by bank.


5. Pay Stamp Duty & Taxes

If you're a foreign buyer, you’ll need to pay:

  • Buyer’s Stamp Duty (BSD) – up to 4%

  • Additional Buyer’s Stamp Duty (ABSD) – currently 60% for foreign individuals (as of 2025)

Yes, ABSD is high — but many still invest because of long-term capital gains and rental potential.


6. Sign the OTP and S&P Agreement

Once you’re ready:

  • Pay the OTP (usually 1% of purchase price)

  • Sign the Sale & Purchase Agreement (within 2 weeks)

  • Pay the remaining 4% to exercise the option

This locks in the deal legally.


7. Final Payment and Key Collection

After full payment (including loan disbursement, if any), you’ll receive the keys. If it’s a new launch condo, you’ll wait for completion (usually 2-3 years).

Your agent or lawyer can handle everything for you — you don’t need to be in Singapore physically.


📦 Optional: Hire a Property Manager

If you’re buying the property as an investment and plan to rent it out, consider hiring a property manager in Singapore. They’ll:

  • Market your property

  • Find tenants

  • Handle repairs and complaints

It’s a stress-free way to earn passive income from overseas.


✅ Final Tips Before You Buy

  • Always check the developer's track record

  • Review the floor plan and unit facing

  • Calculate all taxes and legal fees before signing

  • Consider future resale value and rental yield


🏢 Best Property for Overseas Buyers?

Looking for a premium, centrally located condo that’s perfect for both end-users and investors?

👉 Explore Promenade Peak — a new launch condominium by a trusted developer with stunning architecture, resort-style amenities, and unmatched accessibility to MRT, shopping hubs, and top schools.

It’s the perfect example of a high-demand property that’s foreigner-friendly, beautifully designed, and packed with long-term value.


🔚 Conclusion

Buying Singapore property from overseas is 100% possible — and actually pretty smooth when you have the right guidance. With a good agent, lawyer, and a trusted developer project, you can own a slice of prime Singapore real estate without ever stepping foot into the country.

So if you’re ready to start your journey — research, plan, and choose a project like Promenade Peaks that checks all the boxes for security, value, and lifestyle.

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