Does it make sense to buy property in Singapore as a single foreigner on EP?

Hi Sir/Mdm/Ms,

For your scenario, let me try and break down for you.

Buying a property in Singapore is generally considered a wise and stable investment due to the highly competitive economy and efficient government that comes up with good policy. Properties here generally appreciates in capital growth and rarely have we seen drop in prices due to market demand.

There are certain important things to take note for purchasing a singapore property.

1) Do you foresee that you will be staying for the long term in Singapore?

2) Will the property be for own stay? If it is for own stay, it may be wise to purchase. If for investment, it will depends on rental market.

3) What is the exit strategy? I could advise you further on this.

4) Are you able to hold on the property for long term?

Generally for EP holders depending on their needs, buying could be an option. Do text me at 97723007 for discussion.

Tze Wee

97723007

CEA Reg no.R058547I

Marketing Manager

ERA Realty Network Pte Ltd

Firstly, we need to have a complete understanding on our cashflow. Through this process, we will understand our earning ability and spending habit. Here is a guide to help you: https://www.blog.pzl.sg/understanding-your-pers...

Next, it depends on your needs and long-term goals. For instance, do you intend to stay in Singapore in the long-term? If yes and when affordability allows, then it may make sense to own a property rather than to pay rent.

On the other hand, if you are buying a property in Singapore solely for investment, then I will suggest you to evaluate the option carefully. This is because it is a illiquid investment and when circumstance change, you may be stranded with a liability and a poor asset. Hence, comprehensive financial planning is important to negate the possiblity of this problem. (I mentioned this because I have a few clients that got caught into a similar situation.)

All in all, it depends on how we plan your future.

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