In Singapore, the developer can only sell houses in a housing project before it was built / completed after obtaining the Building Permit and Permit Plan For Home Sales Developer. Building Plan Permit granted by the Commissioner of Building Control and Permit Sales Houses For Developers issued by the Controller of Housing. This ensures the buyer to purchase the property to be built by developers who are licensed.

Licensed real estate developers in Singapore are required to use the standard form ‘Option to Purchase’ and ‘Sale & Purchase Agreement’ as stated in the Housing Developers Rules for the sale of housing units that have not been completed. Sale & Purchase Agreement states the payment schedule in line with construction progress. Since the period of development could reach three to four years (depending on the size of the project), shoppers can enjoy the loan installments in a long time. They can tell their right from how much money they must pay to the various stages of construction of housing projects. This helps buyers to plan their finances.

After the Sale and Purchase Agreement was signed, letter of objection is recorded in the Registrar of Titles by the buyer’s lawyer to protect the interests of the buyer.

Licensed real estate developers are required to open and maintain a Project Account for housing projects in a bank or financial institution. Developers have to deposit funds into accounts in the form:

All funds paid by the purchaser (including booking fee) in connection with the purchase of housing units for issuance of Temporary Occupation Permit (TOP) for the housing units;
All loans obtained for construction of housing projects.
Funds in this account can only be drawn by a licensed developer for the purpose associated with a particular housing project. This gives a greater sense of security for the buyer that the project will be completed.

Buyers can move into their new home after the TOP is published by the Commissioner of Building Control to the developer. The developer shall repair any defective home is sold within a 12-month defects liability period from the date of handing over the house to the buyer. Thus, the buyer has the legal power in case of defects the house they bought for 12 months.

In Singapore, the developer will manage the property until the Management Corporation was formed, which is usually within two to three years from the date of TOP (depending on the size of the project). Further Management Corporation (if already established) will take over the management and maintenance of public places and facilities in the housing.

http://www.fareast.com.sg/indonesia/index.aspx?page=perlindungan-bagi-pembeli

Many foreigners who prefer to buy a new home directly from the developer (the developer), mainly built by the developers of a well-established and well known. Some factors to consider when buying a home include home location, accessibility, entertainment and recreation choices, convenience, proximity to transit centers and schools. In Singapore, residents who live with a distance of 2 km from the local schools have the advantage to obtain school facilities for their children. Capital value of houses close to the transit center or the sight of the good is usually higher than the existing property in the vicinity.

Budget and funding
Before buying the property, consider the funds and your financial plan. Ask several banks regarding credit packages are available for foreigners to obtain the best price.

Timeline
Depending on how long you will occupy and own property, the requirements may differ. For short-term ownership, you do not need to take into account the period of the property, but to consider is how you can easily sell your property.

Ease of selling property
When you decide to sell your property, it is important to think about how you can easily sell. Singapore has a very active secondary market is attractive to local buyers and foreign buyers.

http://www.fareast.com.sg/indonesia/index.aspx?page=tips-membeli-rumah

Why do foreigners invest in real estate Singapore
As a city that truly cosmopolitan, Singapore is a country where more than one million foreigners talented call home. By having ethnically diverse population, diverse cultures, and languages, Singapore is a country where the fusion of values, cultures and lifestyles together in harmony. Singapore is a city-state (state-city) is amazing where foreigners could easily settle in this country. Foreigners interested in investing or buying property in this country mainly because of the following reasons:

Terms of the purchase and ownership of interesting properties

A clear law on property ownership for foreigners.
There are no restrictions for foreigners to own condominiums or apartments.
There are no currency controls.
There is no capital income tax.
There is no tax levy for property sales.
Foreigners can acquire Singapore-dollar credit facility
Quantum bias loans reach 70% of the purchase price.
Lending rates are relatively low, ranging only between 2.5% to 3.5% per year.
An active secondary market which provides convenience in selling property.
Rental income is higher now than at the level of lending rates.
Interest payments are tax deductible credit when the property leased.
Guaranteed rights of property ownership.
Laws and regulations that protect the buyer in the country.
Singapore: a great place to live, work and berpelancong

Solial political stability.
A safe and secure.
Comfortable and beautiful environment.
Immigration-friendly policies for talented people and rich people
Excellent education center
Primary health care
Legal infrastructure and an efficient justice system.
Central banks in Asia with banking secrecy laws are strict.
No interest tax levy.
No fee income earned abroad.
There is no wealth tax.
Personal income tax structure is relatively low.
Corporate tax rates are relatively low, at only 18% per year.
http://www.fareast.com.sg/indonesia/index.aspx?page=alasan-berinvestasi

Known as an efficient business environment, stable political conditions and transparency, Singapore to be like Switzerland in the East, a global city that gives them an attraction for the talented and wealthy from all over the world. With more than 43 billion U.S. dollars, real estate investments and infrastructure carried out from now until 2011.
Currently Singapore real estate growth in foreign investment, which is almost 30 percent of buyers for residential properties. The entry of foreign buyers is basically caused by government efforts to change Singapore into a global city, with investments in the two integrated resorts at Marina Bay and Sentosa Island and the rejuvenation of Orchard Road. Several awards have been awarded to Singapore, among others:

• World’s best city to live for Asian Expatriates – ECA International 2007
• Place 1 in Asia for a place to live, work and play – Mercer Human Resource Consulting in 2005-2006
• Government Best Customer Service – Accenture 2007
Far East Organization is the largest private property developer in Singapore that offers a wide selection of properties for investors. Far East Organization also has regional offices in Jakarta, Shanghai and Seoul are able to serve its regional customers effectively.

East Coast District in the Coastal Housing Favorites
Located in the southeast of Singapore, East Coast (East Coast) is a choice residential area for locals and foreigners.

A major sights in this area is the East Coast Park, a white sand beach along the 20 miles that offers recreational and sports facilities such as bowling, golf, villa in the hills, camping, barbecues, restaurants, and Hawker center. On weekends, the Park is full of family activities that enjoy a picnic or enjoy spoi spoi wind-sea and water sports. Park there are also many bike rental kiosks or roller-blade.

Playground @ Big Splash is a newly built park that offers a diverse dining experience and a pleasant lifestyle for your family. Taverns for dinner in this area include Carl’s Jr., Indian Times, KFC, Sushi Tei, Seafood International Market and Restaurant, and Starbucks.

All three major shopping centers in the East, among others, Tampines Mall, Parkway Parade Mall and Eastpoint.
On the East Coast, you will easily reach Changi International Airport and the new town through the East Coast Marina Bay Parkway

Known as an efficient business environment, stable political conditions and transparency, Singapore to be like Switzerland in the East, a global city that gives them an attraction for the talented and wealthy from all over the world. With more than 43 billion U.S. dollars, real estate investments and infrastructure carried out from now until 2011.
Currently Singapore real estate growth in foreign investment, which is almost 30 percent of buyers for residential properties. The entry of foreign buyers is basically caused by government efforts to change Singapore into a global city, with investments in the two integrated resorts at Marina Bay and Sentosa Island and the rejuvenation of Orchard Road. Several awards have been awarded to Singapore, among others:

• World’s best city to live for Asian Expatriates – ECA International 2007
• Place 1 in Asia for a place to live, work and play – Mercer Human Resource Consulting in 2005-2006
• Government Best Customer Service – Accenture 2007
Far East Organization is the largest private property developer in Singapore that offers a wide selection of properties for investors. Far East Organization also has regional offices in Jakarta, Shanghai and Seoul that can serve the regional buyers effectivelyListen
Read phonetically

Global Investor Programme (GIP) is an initiative created by the Economic Development Board (EDB) to assist foreign investors and entrepreneurs in setting up business / company in Singapore. GIP provides a network to business network / local companies as well as the ease the immigration process.

GIP provide several investment options, among other things: invest at least S $ 1 million to establish a new business or expand an existing business, or invest at least S $ 1.5 million for joint ventures with Singapore in the areas of capital funds, foundations or trusts approved by EDB, or invest at least S $ 2 million for the businesses mentioned above plus in property with a value of not more than 50% of the total investment.

Through the GIP, Investors may also submit the following options to ease the immigration process:

• The status of permanent residents
• Tourist Visa
• social visit visas for businessmen
• EntrePass – for entrepreneurs who will establish a new business in Singapore
More detailed information about the Global Investor Programme can be seen in http://www.edb.gov.sg

Monetary Authority of Singapore has a Financial Sector Incentive Scheme (Financial Sector Incentive Scheme) which offer opportunities for rich people to move their wealth to be a citizen of Singapore and Singapore Permanent. For more information, please visit http://www.mas.gov.sg

Contact Singapore

Contact Singapore is an alliance of the Singapore Economic Development Board and Ministry of Manpower Singapore as a one-stop service center (one-stop center) for foreigners who want to work, invest and settle in Singapore.

By having a representative office in Asia, Europe and North America, Contact Singapore actively links between companies in Singapore with prospective employees worldwide and provide the latest information about career opportunities (jobs) in Singapore. Contact Singapore is also working with partners from the private sector to facilitate the prospective investors in Singapore.

For more information, please visit the Contact Singapore in www.contactsingapore.sg