buy an apartment in Singapore

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How to buy an apartment in Singapore

This article will discuss in detail how to buy an apartment in Singapore. As you already know, apartments in Singapore are investment assets that have been proven to provide huge returns. Property prices that are stable and tend to increase and are followed by the strengthening of the Singapore dollar are an investment property offer that you cannot miss.

The dynamic property market in Singapore stimulates the Singapore government to take new policies to protect investors. Therefore, this article is intended for new investors and those who already own property in Singapore so that you understand the latest regulations and the steps for buying property in Singapore.

Apartments in Singapore in terms of location

Maybe you don’t know much, based on location, Singapore is divided into 3 parts, namely Core Central Region (CCR), Rest of Central Region (RCR), OCR (Outside Central Region).

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The core central region includes locations such as Orchard, Newton, novena, Tanglin, River valley, Bukit Timah, Sentosa. Rest of the central region includes locations such as Tiong Bahru, Redhill, Kallang, Paya Lebar, Boon Keng, Cut Pasir, Toa Payoh, Bishan. Outside central region includes locations such as Kovan, Sengkang, Jurong, Bedok, Tampines, Yishun, Woodlands.


The typical tenor of residential property in Singapore is 99 years leasehold, 999 years leasehold, freehold. When it comes to location, Singapore apartments with a tenor of 99 years of regular leasehold are more strategic and close to the MRT, Shopping Mall, Bus Interchange. For apartments with a tenor of 999 years and freehold usually located about 3-4 bus stops from the MRT station.

Indicative price

The price of apartments with a tenor of 99 years is lower than that of a tenor of 999 years and freehold although the location of an apartment with a tenor of 99 years is more strategic because it is near the MRT, shopping malls and bus interchange.

Location 1 Room 2 Room 3 Room
CCR SGD 1.4x million SGD 1.8x million SGD 2.x million
RCR SGD 8xx million SGD 1.x million SGD 1.x million
OCR SGD 7xx thousand SGD 9xx thousand SGD 1.x million

Property tax in Singapore

Stamp duty tax for apartment purchases in Singapore is 24% – SGD 15,400. For details on property tax in Singapore, please refer to the article on property tax in Singapore

How to buy an apartment in Singapore – Payment

The following is the standard method of paying for apartment purchases in Singapore. This payment procedure was prepared by the Singapore government to protect the interests of investors.

Stage Payment under a standard payment scheme
Booking 5%
Upon signing of the Sale & Purchase Agreement or within 8 weeks from the option date 15%
Completion of foundation work 10%
Completion of reinforced concrete framework of unit 10%
Completion of partition walls of unit 5%
Completion of roofing/ceiling of unit 5%
Completion of door sub-frames/door frames, window frames, electrical wiring, internal plastering and plumbing of unit 5%
Completion of car park, roads and drains serving the housing project 5%
Temporary Occupation Permit or Certificate of Statutory Completion 25%
On completion date 15%


Foreign nationals are not allowed to buy landed property in Singapore except in Sentosa. For those who are interested, they can submit an application to the Singapore Land Authority.


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