Maximizing Savings Adding Luxuries to Your Budget without Breaking the Bank
In Singapore, it is essential for foreign investors to be well-informed about the regulations and limitations governing property ownership. While purchasing condos is relatively unrestricted for foreigners, the same cannot be said for landed properties, which have stricter ownership guidelines. Additionally, foreign buyers must take into consideration the Additional Buyer’s Stamp Duty (ABSD), currently set at a 20% rate for their initial property purchase. Despite these added expenses, the Singapore real estate market’s stability and potential for growth remain attractive to foreign investors, especially with the presence of luxury amenities such as upscale facilities and lavish living spaces.
The first step to achieving this is to take a close look at your expenses. Are there any non-essential items that you can cut back on? Perhaps you can forego eating out several times a week or cancel that monthly subscription service that you rarely use. By trimming down unnecessary expenses, you …

