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How much money do I need to invest in a property in Singapore?

Updated: Nov 13, 2023

Singapore is a thriving cosmopolitan city known for its vibrant culture, excellent infrastructure, and a robust real estate market. Whether you're a local resident or an expatriate, the idea of owning a piece of Singapore's real estate can be appealing. However, before you dive into the property market, it's essential to understand the costs involved and how much you need to invest in a property in this city-state.


Below, we will take a $1 million dollar private property for illustration 


1. Down Payment 

To secure your property, you'll need to make a down payment, which is typically 5-25% of the property's purchase price. The exact percentage will depend on whether you're using a bank loan or taking a housing loan from the Housing and Development Board (HDB). 


1% - Option Fee $10,000

4% - Exercise Fee  $40,000


20% - Cash and/or CPF - $200,000


2. Stamp Duty

In Singapore, you'll also need to consider the Additional Buyer's Stamp Duty (ABSD), which applies to both Singaporean and foreign buyers. The ABSD rate varies depending on your residency status and the number of properties you own. Ensure you calculate this cost into your budget when investing in Singaporean real estate.


Below is the table for Stamp Duty

Source : IRAS

Additional Buyer Stamp Duty

Buyer Stamp duty - $ 24,600

Additional Buyer Stamp duty – Not applicable 


3. Legal Fees and Miscellaneous Costs

There are other expenses associated with property acquisition, such as legal fees, valuation fees, and agent commissions. These costs can vary, so it's wise to budget for them accordingly.


$2500 - $5000 depending on complexity of the case 


5. Home Loan

There are many factor that contribute to the amount you can loan from bank. Age, Salary, debt and loan tenure will the loan amount. Generally, people will loan up to 75% for their home purchase. 


If you are planning to take a home loan, you'll need to factor in the interest rates and loan tenure. Singapore offers various home loan options, and it's essential to shop around for the best rates and terms that suit your financial situation. Request for a home loan eligibility here 


Up to 75% - $750,000


6. Maintenance Fees and Property Tax

Once you own the property, you'll have to consider ongoing costs, such as maintenance fees for condominiums or property tax for all types of properties. These costs can add up over time, so it's crucial to factor them into your investment plan. You will need to pay 6 month maintenance fee


Below is the property tax table for owner occupied and non-owner occupied 

Owner Occupied Property Tax Rate

Non Owner Occupied Property Tax Rate



Investing in property in Singapore can be a rewarding venture, but it's crucial to understand the financial commitments involved. The amount you need to invest will depend on the type of property you choose, your residency status, and the prevailing market conditions. 


Before taking the plunge, do your due diligence to ensure that your property investment aligns with your long-term financial goals. Keep in mind that the property market can fluctuate, so staying informed about the latest developments and regulations is essential for making a successful investment in Singapore's real estate.

Interested to find out how this works? Let's discuss!


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