Property Checklist For HK Buyers

Are you looking property in Singapore for own use or investment? Here are the 4 crucial things you need to consider:

  1. Stamp duty tax
  2. Loan
  3. Payment scheme
  4. List of properties

Stamp Duty Tax

The major obstacle for many foreigners & HK citizen when they intend to purchase property in Singapore is due to the high stamp duty tax.

Purchase PriceTotal Stamp Duty Tax
SGD 1 Million & Below23% of purchase price minus SGD 5,400
Above SGD 1 Million24% of purchase price minus SGD 15,400

Example 1: If you purchase property at SGD 900,000, the stamp duty payable is SGD 201,600 so the total purchase + tax will be SGD 1,101,600

Example 2: If you purchase property at SGD 1,500,000, the stamp duty payable is SGD 344,600 so the total purchase + tax will be SGD 1,844,600

So if you can accept to pay the stamp duty tax then we can move forward into the next item.


As HK citizen you are eligible to get loan for your property purchase in Singapore and the documents needed are:

  1. Past 1 year salary slip
  2. Past 1 year bank statement to show proof of salary crediting from company to personal account
  3. Passport
  4. Company name card
Interest rates per annum:2 – 2.2% on average
Max tenure:30 years or up to 65 years old whichever lower
Max loan to value:60% of property purchase price

Singapore property payment scheme

StagePayment under a standard payment scheme
Upon signing of the Sale & Purchase Agreement or within 8 weeks from the option date20% less booking fee
Completion of foundation work10%
Completion of reinforced concrete framework of unit10%
Completion of partition walls of unit5%
Completion of roofing/ceiling of unit5%
Completion of door sub-frames/door frames, window frames, electrical wiring, internal plastering and plumbing of unit5%
Completion of car park, roads and drains serving the housing project5%
Temporary Occupation Permit or Certificate of Statutory Completion25%
On completion date15%

Our Latest Transaction In Assisting HK Buyers

We are experienced in assisting foreigners and HK citizen to purchase their property in Singapore. Above is our latest assistance to our HK purchaser.

This was the process for the above transaction:

  1. This purchaser contacted us from our website and discuss about their requirement
  2. Initially we explain to them about the stamp duty tax, loan, payment schedule to make sure they understand what are the cost involved
  3. Next, we recommend the properties according to their requirement and both side adjust accordingly to find the best solution in term of price, unit size, location, and layout during the discussion
  4. After thorough discussion over the phone and Whatsapp, they shortlisted the development
  5. The unique situation in this transaction is they were not in Singapore from the start till the end of the process. So with our assistance, we help this buyer proceed with their purchase remotely
  6. With our experience, the transaction was done smoothly and we also introduce lawyer to handle the conveyancing process
  7. So what did they get? With our assistance they are able to get the high ceiling and top floor unit of the development with unblock view at ONLY SGD 1769 per square feet! The highest transacted price per square feet in this development is already SGD 2159

Download Your List of Singapore Properties Now

How do you know about us: GoogleFacebookOther