Yes, it's technically possible. The limitation isn't the mode of payment, it's the credit limit your bank will give you, whether the buyer will accept a credit card payment, and better alternative forms of financing.
Most consumers won't have a high enough credit limit to pay even the downpayment of the property. Even if you have a high enough credit limit to buy a property (e.g. a limit of several hundred thousand or millions), it'll be a challenge to get the buyer to accept card payment. The buyer has to deduct merchant transaction fees (around 3%, depending on the payment processor they use), so they'll either pass that cost back to you, or sell to someone else. It might seem like a good idea to use an unlimited 1.5% cashback card to get a nice discount on your house purchase, but whatever cashback you get from using a card will be nullified by the seller trying to offset these transaction fees.
It also wouldn't make sense to pay the entire purchase price (and not just the downpayment) with a card, as you have to pay off the entire charged sum by the next charge cycle, whereas with a mortgage you can stretch out payments over 10-30 years. Stretching out your mortgage allows you to invest your money elsewhere to help cover your interest expenses (e.g. investing in an investment-grade bond portfolio, designed to cover your mortgage liabilities).
Also, it's illegal for banks in Singapore to promote their cards to be used for purchasing residential properties (https://sso.agc.gov.sg/SL/19-RG4?DocDate=20070611).
If you're looking to buy commercial properties, here's a guide on how to purchase commercial properties in Singapore: https://www.providecover.com/best-guide-for-buy...
Don't forget to protect your property with Commercial Property Insurance.
Yes, it's technically possible. The limitation isn't the mode of payment, it's the credit limit your bank will give you, whether the buyer will accept a credit card payment, and better alternative forms of financing.
Most consumers won't have a high enough credit limit to pay even the downpayment of the property. Even if you have a high enough credit limit to buy a property (e.g. a limit of several hundred thousand or millions), it'll be a challenge to get the buyer to accept card payment. The buyer has to deduct merchant transaction fees (around 3%, depending on the payment processor they use), so they'll either pass that cost back to you, or sell to someone else. It might seem like a good idea to use an unlimited 1.5% cashback card to get a nice discount on your house purchase, but whatever cashback you get from using a card will be nullified by the seller trying to offset these transaction fees.
It also wouldn't make sense to pay the entire purchase price (and not just the downpayment) with a card, as you have to pay off the entire charged sum by the next charge cycle, whereas with a mortgage you can stretch out payments over 10-30 years. Stretching out your mortgage allows you to invest your money elsewhere to help cover your interest expenses (e.g. investing in an investment-grade bond portfolio, designed to cover your mortgage liabilities).
Also, it's illegal for banks in Singapore to promote their cards to be used for purchasing residential properties (https://sso.agc.gov.sg/SL/19-RG4?DocDate=20070611).
If you're looking to buy commercial properties, here's a guide on how to purchase commercial properties in Singapore: https://www.providecover.com/best-guide-for-buy...
Don't forget to protect your property with Commercial Property Insurance.