Money Talks Podcast: The ins and outs of owning a property overseas

For instance, like UK, everyone can buy and sell it. It’s a completely marketplace. But… in Australia, you can only buy a new built property, meaning you ca n’t buy a resale. Just Singaporeans and Australians can currently purchase a home in New Zealand.

Knowledge of the rule of law and tax laws, because unfortunately, when you buy and sell, what are your mark duties, which are your acquisition costs, your property tax, continued costs, capital gains tax, and other related taxes, or resettlement of profits, are what are your tax obligations. &nbsp,

Andrea: 
But when it comes to buying property in Singapore… we can utilize our CPF. Obviously, we ca n’t do that for our property overseas. How would you recommend clients to help them finance this outside property? &nbsp,

Clarice: 
Buyers should definitely practice caution and research the financing methods available to them before proceeding to make a decision to invest in a specific city or country. There are overseas property investment mortgage available even from the local banks here in Singapore, such as DBS, UOB, OCBC, Maybank. There are also financing options available from the specific countries that I’ve mentioned.

But generally speaking, customers do have a lot of home loans available to them, but this is only for purchase.