ข้อผิดพลาดที่พบบ่อยของผู้ซื้อชาวต่างชาติในสิงคโปร์

Most foreigner-buyer problems aren't legal or financial in nature — they are due-diligence failures that could have been caught early. Here are the ones we see most often.

Pitfall 1 — Assuming foreigner ABSD doesn't apply to you

The ABSD bracket is determined by your citizenship status at the date of OTP exercise. Mistakes:

• "I'm getting my Singapore PR next month, can I wait?" — Maybe. Verify approval is in hand before signing OTP, not just submitted.
• "I'm a US national, FTA applies, right?" — Yes, for residential. But your spouse might not be from an FTA country. Joint purchases get tricky.
• "I sold my home country property last year, so this is my first property here." — ABSD counts properties worldwide, not just in Singapore.

Always verify your bracket with a tax-aware property lawyer before signing.

Pitfall 2 — Buying without IPA

In-Principle Approval (IPA) from a bank is free, takes 1-2 weeks, and locks in how much you can borrow. Skipping this step and signing an OTP based on assumption is the #1 reason foreigners forfeit option fees.

If your loan approval comes in lower than expected after OTP exercise, you either top up in cash or default (and lose the 5% paid to date — often S$100,000+ on a S$2M condo).

Pitfall 3 — Engaging an inexperienced lawyer

A general-practice lawyer or one referenced casually by your agent is often not the right choice for a foreigner buyer. Conveyancing for non-resident buyers involves:

• Working with FTA claims
• ABSD remission applications
• LDAU clearance (if landed)
• Multi-jurisdictional stamping when documents are signed overseas
• IRAS non-resident withholding setup if you'll rent the property out

Use a lawyer who has done at least 10 foreign-buyer deals in the last year. Ask directly.

Pitfall 4 — Not getting the bank's valuation before OTP

Buyers fall in love with a unit, sign OTP, then discover the bank values it 5-10% below what they paid. The cash gap must be covered out of pocket. Get a valuation indication from your bank or a professional valuer before OTP if the price feels above-market.

The /price-check tool on this platform draws on the same HDB and URA data the banks' valuers use — a free first sanity check.

Pitfall 5 — Misreading the listing