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Foreign property investment has become increasingly popular among Singaporeans, driven by factors such as limited domestic real estate options, high property prices at home, and a desire for portfolio diversification. This trend is further fuelled by Singapore’s strong currency, cultural ties with neighbouring countries, and the pursuit of higher rental yields and capital appreciation abroad.
Singaporeans have shown a keen interest in investing in overseas properties, with several countries emerging as preferred destinations.
Australia (SGD 760k - 1.05 million)
Australia stands out as a top choice, with Singaporeans accounting for 27.5% of all outbound residential property inquiries from Singapore, amounting to approximately $300 million in purchases during the 2022–2023 financial year. Factors such as Australia’s stable real estate market, lifestyle appeal, proximity, and educational opportunities make it attractive for Singaporean investors.
Investments typically range from AUD 500,000 to AUD 1 million for apartments in cities like Melbourne and Sydney. These properties are often used for rental income or as accommodations for children studying abroad.
There are two benchmarks to look at, namely the National Median Dwelling Price in Australia which reflects the middle price of all residential properties across the country (~AUD 825,349), and the Capital Cities Median which represents the midpoint price specifically within Australia’s major cities (~AUD 905,763).
- Sydney: Median house price is about AUD 1.18 million (~SGD 1.05 million)
- Melbourne: Median dwelling price is approximately AUD 874,200 (~SGD 780,000)
- Brisbane: Median dwelling price is around AUD 923,600 (~SGD 825,000)
- Perth: Median dwelling price is approximately AUD 850,100 (~SGD 760,000)
- Regional Areas: Median dwelling price is about AUD 673,373 (~SGD 605,000)
Beyond the property price, foreign investors should account for several additional expenses:
| Australia Property Fees | Fee | Note |
|---|---|---|
| Foreign Investment Review Board (FIRB) Application Fee | AUD 29,500 (~SGD 26,400) | *Calculated for residential properties valued between AUD 1 million and AUD 2 million |
| Stamp Duty | 4% to 5.5% | Varies by state, may have additional surcharge for foreigners |
| Legal and Conveyancing Fees | AUD 1,500 to AUD 3,000 (~SGD 1,300 to SGD 2,600) | |
| Lenders Mortgage Insurance (LMI) | AUD 5,000 and AUD 15,000 (~SGD 4,400 to SGD 13,200) | If your deposit is less than 20%, LMI may be required |
| Property Management Fees | 5% to 10% monthly | *Of monthly rental income |
| Council rates, insurance, maintenance, and potential land tax | AUD 5,000 to AUD 10,000 (~SGD 4,400 to SGD 8,800) annually |
London, United Kingdom (SGD 1.24 million)
London remains a favoured destination due to its robust legal framework, strong rental demand, and the potential for capital appreciation. The city’s global status and historical ties with Singapore contribute to its appeal.
In London, investors may spend between GBP 500,000 and GBP 1 million on apartments, with expectations of long-term capital appreciation.
As of early 2025, the average property price in London stands at approximately £673,483, equating to around SGD 1.15 million. However, prices vary significantly across different boroughs such as Kensington and Chelsea where average property prices are as of £1.07 million (~SGD 1.83 million), versus Barking and Dagenham where properties are more affordable, with average prices around £355,594 (~SGD 610,000).
Beyond the property price, you should an additional £50,000 to £100,000 (~SGD 85,000 to SGD 170,000) to accommodate for stamp duty, and all other miscellaneous fees.
| London Property Fees | Fee | Note |
|---|---|---|
| Stamp Duty Land Tax (SDLT) | £18,194 on average | *Calculated based on average house price of £563,899 |
| Legal and Conveyancing Fee | £1,500 to £3,000 (~SGD 2,600 to SGD 5,200) | |
| Survey and Valuation Fees | £500 to £1,500 (~SGD 870 to SGD 2,600) | *Depends on property's location |
New Zealand (SGD 800k - 1.2million)
New Zealand offers opportunities in new housing developments, particularly apartments and rental properties. However, foreign buyers may face restrictions and need to demonstrate that their investment benefits the country.
Investing in New Zealand property as a Singaporean requires a clear understanding of the current market dynamics and associated costs. As of late 2024, the average residential property price in New Zealand stands at approximately NZD 902,414, which translates to around SGD 745,000 based on prevailing exchange rates.
- Auckland: As the most expensive region, the average property price is about NZD 1,047,800 (~SGD 865,000).
- Otago: Including areas like Queenstown and Wanaka, the average is around NZD 878,400 (~SGD 725,000).
- Bay of Plenty: Properties average NZD 869,800 (~SGD 715,000).
- West Coast: One of the more affordable regions, with average prices at NZD 385,000 (~SGD 318,000).
For Singaporean investors, it’s essential to account for additional costs beyond the property price:
- Legal and Administrative Fees: Including solicitor fees, registration costs, and potential agent commissions.
- Taxes: Such as the Bright-line test, which taxes gains on properties sold within a certain period.
- Financing Costs: Interest rates and mortgage-related expenses.
Given these factors, a minimum budget of SGD 800,000 to SGD 1 million is advisable for investing in mid-tier properties in regions like Wellington or Christchurch. For premium areas like Auckland or Queenstown, budgets may need to exceed SGD 1.2 million.
Tiny Homes
Otherwise, try Tiny Homes if you have a smaller budget. Gaining popularity in New Zealand, these compact dwellings range from NZD 50,000 to NZD 200,000 (~SGD 41,000 to SGD 165,000), offering a minimalist lifestyle and potential rental opportunities.
Thailand & Malaysia (SGD 200k - 500k)
Proximity, cultural similarities, and more affordable property prices make these countries attractive for Singaporean investors seeking holiday homes or rental income.
In countries like Thailand and Malaysia, investment amounts are generally lower, ranging from SGD 200,000 to SGD 500,000, making them accessible options for diversification.
Thailand (SGD 300k)
Property prices in Thailand vary significantly based on location, property type, and quality. For example, an average condominium prices are approximately ฿145,000 per square metre, which translates to SGD 270,000. In Phuket and Pattaya, high-quality furnished apartments start from USD 100,000 to USD 140,000 (~SGD 135,000 to SGD 190,000). In Chiang Mai and Hua Hin, properties are more affordable options are available, with prices starting from USD 70,000 (~SGD 95,000).
It’s important to note that foreigners are generally prohibited from owning land in Thailand. However, they can legally own condominiums, provided that foreign ownership in the condominium project does not exceed 49% of the total floor area. Also, foreigners may face challenges securing mortgages from Thai banks. It’s advisable to explore financing options in Singapore or through international banks. Also, make sure to steer clear of scams and only engage reputable legal and real estate professionals to conduct thorough due diligence, ensuring clear title deeds and compliance with local regulations
Other legal fees can cumulatively amount to approximately 6% to 9% of the property’s value. They are namely:
| Thailand Property Fees | Fee | Note |
|---|---|---|
| Transfer Fee | 2% | *Of the property's appraised value |
| Legal Fees | 1% to 2% | *Of property price |
| Stamp Duty | 0.5% | *Of registered sale value |
| Specific Business Tax (SBT) | 3.3% | *Of appraised value or sale price (whichever is higher), applicable if the property is sold within 5years of acquisition |
| Withholding Tax | 1% | *Of appraised value or sale price (whichever is higher) |
Malaysia (SGD 315k)
Property investment prices come in a wide range in Malaysia. As a general rule of thumb, the national average property price is approximately MYR 450,000 (~SGD 130,000).
In Kuala Lumpur, for example, the average house price stands at MYR 794,467 (~SGD 230,000). In Selangor, the average house price is MYR 553,693 (~SGD 160,000). In Penang, the average house price is MYR 475,037 (~SGD 137,000). Finally, closest to home, in Johor, the average house price is MYR 437,280 (~SGD 126,000).
Other property fees include:
| Malaysia Property Fees | Fee | Note |
|---|---|---|
| Stamp Duty | 4% | |
| Legal Fees | 1% | |
| Valuation Fees | 0.3% | |
| Property Agent Fees | 3% | |
| Loan Stamp Duty | 0.5% | |
| Annual Taxes | *Varies by property size & location. Includes parcel rent, and assessment rate |
4 Popular Investment Property Types
Singaporean investors typically focus on the following property types:
Off-the-plan Apartments
In countries like Australia, foreign buyers are generally limited to purchasing new developments. These properties are appealing due to their modern amenities and potential for capital growth.
Condominiums
Condos are popular for their manageable sizes, security features, and shared facilities. They are often located in prime areas, attracting both investors and tenants.
2- to 3-Bedroom Units
These units are in demand for their versatility, catering to families, students, and professionals. They offer a balance between affordability and rental yield potential.