Commercial


A commercial property in Singapore can be a good option for property investors who are locked out of the residential market because of the various cooling measures from the Singapore government.

 

Commercial properties in Singapore usually comes with 30-, 60-, 99-, 999-year lease or freehold. Do take note that financing institutions may quote a lower loan quantum for units running low on their lease.

 

There are many types of commercial properties, ranging from offices to HDB shops, retail shops to factories and warehouses. But whichever option you choose, you won’t have to worry about Stamp Duty (SSD), Additional Buyer’s Stamp Duty (ABSD) or restrictions on foreigners.

 

Singapore Commercial Property | For Sale | For Rent

 

When Buying A Commercial Property in Singapore

 

You can buy a commercial property either as an individual or as a corporation. There are certain things you have to take note of when making your purchase:

 

* When you buy a commercial property from a GST-registered company, you will have to pay a GST of 7%which has to be paid in cash.  But if you have a GST-registered company, you can in turn claim for the GST incurred on your purchases.

 

* When buying a commercial property as an individual, you have to pay the downpayment in cash. Your Central Provident Fund savings cannot be used to settle the downpayment or monthly loan instalment for the commercial property.

 

* You are allowed to borrow with a loan-to-value ratio (LTV) of up to 80%, even with outstanding residential mortgages. The maximum loan tenor typically stands at 30 years. However, loans for commercial property tend to command a higher interest rate relative to residential property loans.

 

Commercial properties have become an increasingly popular choice for investors who have run out of options in the residential market. To find out how you can invest in a commercial property in Singapore, give Singapore Property Pick a call at 8113 8043.

 

 

 

http://singaporepropertypick.com/commerc…