Retail Shops Breakdown

Buy and Lease Scheme

1. 1)  1st – 5th Year – guaranteed Nett 6% pa on purchase price
2. 2)  6th – 10th year – guaranteed Nett 8% pa on purchase price
3. 3)  By mutual agreement for 11th – 15th year and mutual consent and via profit sharing

Booking Fee & Progress Payment

1) A non-refundable reservation fee of S$1,400 is payable upon reservation (equiv to US$1,000) Pls use Reservation Form attached

2) 20% of purchase price, less reservation fee paid, is payable within 14 days of reservation with exchange of contracts

Taxation for Foreign buyers

1. 1)  Stamp Duty (Transfer Fee for Hard Title) :
   4% of property valuation price determined by Ministry of Economy & Finance payable upon completion of project
2. 2)  Tax on immovable property – Tax collected annually at 0.1% per annum on the property value determined by Immovable Property Assessment Committee
3. 3)  Tax on property rental income – Tax payable at 10% per annum on the gross rent.
   NB: Tenancy Agreement has to provide that tenant can withhold this 10% tax to pay to the Dept of Tax on the 15th of the month subsequent to the month the rent was paid
4. 4)  Capital Gain Tax – not applicable to individuals but applicable on corporate income taxed at 20%
5. 5)  10% VAT on purchase (absorbed by Developer)
6. 6)  VAT on resale (applicable only for VAT registered companies)