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Hi, I'm foreigner (EP holder) interested in investing into retail property (preferably mall shop) for the purpose of generating positive cash flows from rental yields. My budget is upto around 600K. I have a few questions:

- Are there any restrictions for EP holders to purchase commercial property? Does stamp duty and ABSD apply similar to residential properties?

- What is the %age of bank loan that one can typically get for commercial properties?

I am also interested in learning about options for my budget that currently available in the market.

Thanks for your advice.
Manish
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3 Answers

Ricky Muthu Chelliah
Hi Manish,
There're few options available and
Allow me to go through the process with you step by step.
Please do call me at 9489 9746  .
Thanks

Ricky Chelliah
ERA Read More
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Dear Manish,

There is no ABSD involved in purchasing commercial property in Singapore, which is why many investors are turning their attention into this segment of the market, making it red hot. In general, the maximum amount of loan one can get from banks to purchase a commercial property is 80% but my understanding is that usually, it will be at about 70%. Bank loans for commercial property will also be subjected to TDSR considerations. With a working budget of $600k I have to say that there isn't that many choices for you and retail will most probably be out of your range, unless you are able to find like-minded investors to form a consortium for investment.

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Geryl LIM
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Hi Manish, I have a tenure 999 years retail shop for sale and as good as freehold. 2 buyers have expressed their interests but yet to put in their offers. I am partner with a banker from UOB to focus and assist my clients' loan matter. Please text me your email address for the details and images of this potential property. Thank you. Regards Vincent Ong / DTZ / 97959813  / agentsworld2014@gmail.com Read More
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