Sabbie Clutched October 8, 2011 Share October 8, 2011 Anyone here has any knowledge of the dynamics of buying commercial properties in Singapore? What are they costs involved and how much bank loan we can take and the estimated interest rates? I only got knowledge of resident and never look into commercial before. Thanks! ↡ Advertisement Link to post Share on other sites More sharing options...
Mugenr 2nd Gear October 8, 2011 Share October 8, 2011 Wat wld u like to know... Link to post Share on other sites More sharing options...
Scb11980 1st Gear October 8, 2011 Share October 8, 2011 sabbie sabbie bro i notice you have started alot of threads recently Link to post Share on other sites More sharing options...
Sabbie Clutched October 8, 2011 Author Share October 8, 2011 why some commericial properties need to pay GST and some don't, what quantum can bank loan and interest rate Link to post Share on other sites More sharing options...
Sabbie Clutched October 8, 2011 Author Share October 8, 2011 sabbie sabbie bro i notice you have started alot of threads recently Could be infected with the funner disease Link to post Share on other sites More sharing options...
Yoongf 4th Gear October 8, 2011 Share October 8, 2011 why some commericial properties need to pay GST and some don't, what quantum can bank loan and interest rate If the seller is GST registered, then have to pay GST. Quantum of bank loan.. commercial really depends on the expected rental return. Banks look at the ability to service the monthly installments. Link to post Share on other sites More sharing options...
Sabbie Clutched October 8, 2011 Author Share October 8, 2011 If the seller is GST registered, then have to pay GST. Quantum of bank loan.. commercial really depends on the expected rental return. Banks look at the ability to service the monthly installments. oic, thanks, so if buy from individual and non company means no need to pay gst hor...i heard bank only lend 70% is this true? doesn't this depend on income of buyer or cmpany rather than expected rental? Link to post Share on other sites More sharing options...
Chucky2007 Turbocharged October 8, 2011 Share October 8, 2011 Some banks loan 50%, some up to 80%.. commercial property also lots if type and also have specific usage Link to post Share on other sites More sharing options...
Sabbie Clutched October 9, 2011 Author Share October 9, 2011 Some banks loan 50%, some up to 80%.. commercial property also lots if type and also have specific usage Thanks, learned somethings from this thread. Link to post Share on other sites More sharing options...
Latio2005A Turbocharged October 9, 2011 Share October 9, 2011 Sabbie, wanna buy commercial prop, better register a GST company. Not that difficult. Then hor, you pay GST to developer, but can claim back later. Any prop agent worth the salt should be able to advise. I no agent btw. Link to post Share on other sites More sharing options...
Sabbie Clutched October 9, 2011 Author Share October 9, 2011 Sabbie, wanna buy commercial prop, better register a GST company. Not that difficult. Then hor, you pay GST to developer, but can claim back later. Any prop agent worth the salt should be able to advise. I no agent btw. Yup, if not bohua to pay the 7%, unless I look for those that no need to pay gst, but don't think there are many, still learning, only know about residential at the moment, so can just set up a investment holding company to buy commercial properties? Link to post Share on other sites More sharing options...
Volvo138 Neutral Newbie November 2, 2011 Share November 2, 2011 (edited) Hi, i"m new here, dot mind sharing, Cost to take note when buying Commercial / Industrial pty, need to incur 7% Gst, but if register under a company able to claim back as wat Latio2005A said. Stamp Fee as usual, & den will be legal fee. legal fee normally if take up loan they will subsidy 0.4% of loan amount, so meaning u pay less den a $1000 or even free, U re able to take up to 80% loan from most bank if buying under company name, provided is alive for 2 yrs or so, they will base on yur annual turnover liability... & so on, buying under personal name will loan onli 70% base on your NOA.. As for Interest is vry competative nw a days, in market est 1.6% nw.. sor rate or sibor need to chk with those banks... Edited November 2, 2011 by Volvo138 Link to post Share on other sites More sharing options...
Sabbie Clutched November 2, 2011 Author Share November 2, 2011 Hi, i"m new here, dot mind sharing, Cost to take note when buying Commercial / Industrial pty, need to incur 7% Gst, but if register under a company able to claim back as wat Latio2005A said. Stamp Fee as usual, & den will be legal fee. legal fee normally if take up loan they will subsidy 0.4% of loan amount, so meaning u pay less den a $1000 or even free, U re able to take up to 80% loan from most bank if buying under company name, provided is alive for 2 yrs or so, they will base on yur annual turnover liability... & so on, buying under personal name will loan onli 70% base on your NOA.. As for Interest is vry competative nw a days, in market est 1.6% nw.. sor rate or sibor need to chk with those banks... Thanks for sharing Link to post Share on other sites More sharing options...
Volvo138 Neutral Newbie November 2, 2011 Share November 2, 2011 No worries Link to post Share on other sites More sharing options...
Sabbie Clutched November 2, 2011 Author Share November 2, 2011 No worries Speaking of which I also realised there are not many strata title commercial properties you can buy in singapore... Link to post Share on other sites More sharing options...
Scb11980 1st Gear November 2, 2011 Share November 2, 2011 Speaking of which I also realised there are not many strata title commercial properties you can buy in singapore... what do you think of ubi Link to post Share on other sites More sharing options...
Sabbie Clutched November 2, 2011 Author Share November 2, 2011 what do you think of ubi Bizhub? waiting for your advice Link to post Share on other sites More sharing options...
Cheepo 3rd Gear November 2, 2011 Share November 2, 2011 Industrial properties as an investment are easy to manage. No need to do much renovation. Tenants usually stay for quite a few years and are reluctant to move unless they outgrow the place. ↡ Advertisement Link to post Share on other sites More sharing options...
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