What problems should we pay attention to when buying a house in Singapore? What taxes do I have to pay to buy a house in Singapore?

Frequently asked questions about China people buying Singaporean real estate 1. Purpose of buying a house: self-occupation or investment project.

The biggest difference between China real estate and Singapore real estate is that most real estate developers in China are "embryo houses" without home improvement, while private real estate (apartment buildings) in Singapore are decorated with some home improvement. In addition, many China customers pay in cash when buying a house in Singapore, and because the interest rate of bank loans in Singapore is extremely low (the average annualized interest rate at this stage is about 1.88%), most people will allocate and choose bank loans.

Many customers in China don't like renting their own industrial chains. After all, it is very cheap to rent your own property in Chinese mainland, but in Singapore, because foreigners from all over the world work in Singapore, the rental market has been very strong. Therefore, when investors invest in buying a house, they can not only pursue the value-added development potential of perfect real estate, but also enjoy a very good rental rate of return (for example, a set of 850,000 SGD property can be borrowed by 70% (595,000 SGD) for 30 years, and financial institutions can provide about 2,200 SGD per month, with a rent of about 3,800 SGD and a fixed monthly income of 1600 SGD).

As project investment, generally speaking, the most popular ones are marina bay, Orchard Road, Shengtao Bay and Central Business District, all of which are located in the city center. In addition, the seaview apartments on the west coast and their private areas in Wuji Ma Zhi are also the best choice for many Singaporeans and foreigners to settle down and invest. If you buy your own house, you can choose a relatively quiet natural environment, which belongs to a permanent land lease and has a relatively large total area. Buyers with children also need to consider the distance between the house and the school.

If you buy back the investment in the project, you need to consider that most tenants may not have cars, and there are convenience facilities such as shopping malls, large shopping malls and farmers' markets nearby. Generally, the rental rate of return near the subway is good. Generally speaking, the rental return rate will be higher for departments with a relatively small total area of 99-year land leases, but in the long run, high-quality enterprises with a relatively large total area of permanent land leases will have a relatively high capital return.

2. What are the options for real estate? Prerequisites for purchase?

In Singapore, apart from commercial real estate, there are mainly three types of housing construction: government apartments, private apartments and state-owned houses. About 78% of Singapore's local population lives in government apartments. Apartment is a state-funded public housing, similar to the affordable housing in China. The title deed is 1999, and the transaction and lease are strictly managed. Only citizens and permanent residents of China and Singapore have the opportunity to buy, and foreigners cannot buy.

Private apartments in Singapore are equivalent to domestic commercial and residential buildings with excellent service facilities. Deeds are generally divided into 99 years, 999 years and permanent deeds (70 years in Chinese mainland). Private apartments can be bought by foreigners and locals, who are also the most popular investors. One of the major differences between commercial housing in Singapore and Chinese mainland is that the purchase of apartment buildings is calculated according to the actual use area rather than the total construction area in the Mainland, and most of them are accompanied by free test spaces.

Land-owned houses are also all kinds of houses with land, such as townhouses, semi-detached villas and conjoined single-family villas. Title deeds are divided into permanent title deeds. 1999 and 1999, due to the large population in Singapore, foreigners are strictly restricted from buying such properties. Generally speaking, foreigners and their permanent residents can only choose to buy single-family villas on Sentosa Island. Foreigners who have lived in Singapore for a long time and made special contributions to Singapore's economic development may apply to the Singapore Land Administration. After approval, you can buy a villa on Singapore Island. However, foreigners who buy single-family villas (including permanent residents) can only live in their own homes and cannot rent them out.

3. The cost of buying a house

Before choosing a property that you are satisfied with, you should know every expense and the specific terms in the property contract. Generally speaking, the key cost of buying a property is: the down payment of the property is about 30%, the government tax is 65438+ 08% of the total purchase price of the property MINUS 5400 dollars (foreign customers), and there are about 3000 lawyers' fees. Singapore's direct tax is wealth tax, and you need to pay for the assets you hold. Pay in advance every year, and calculate the collection rate according to the use value of the real estate this year.

What taxes do I have to pay to buy a house in Singapore? It must be noted that if you fail to pay taxes and fees on time, you will often be fined 5%. If you don't pay taxes after the punishment breaks out, the government department can take taxes from your bank account. The use value of our real estate this year is generally based on the rent that can be obtained when renting. When confirming the use value of real estate this year, the IRS will consider the surrounding real estate, area and other similar real estate rents.

Whether the assets are leased, existing or idle, the use value of our property this year is defined in the same way. The annual value of land is 5% of the land transfer price. When the building is destroyed, the land use value of the year is evaluated by this method. Commercial services, industrial buildings, buildings, land and other ordinary residential real estate, the tax rate is 10% per annum.

The user income tax rate is not suitable for ordinary residential real estate even if it is purchased for personal use or post-purchase. Since 2009, Singapore's real estate industry has been on the rise, which is one of the reasons why China customers value Singapore's real estate most. In addition, Singapore's housing loan standards are more relaxed than before, and mortgage interest is lower.