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Rental as an investment
Guide on buying a property for rental income
Complete guide on the steps and procedures.
- Check eligibility
- Post on Carousell, Gumtree, Ohmyhome, etc
- Get HDB Approval ($18 for whole flat, or $9 per bedroom)
- Sign Tenancy Agreement & collect deposit
- Pay stamp duty to IRAS (guide)
- For HDB, register your tenants particulars
- Move in & inventory list
- Re-contract (repeat step 3-5)
Paying Stamp Duty
For every tenancy agreement, you need to stamp the document and pay the stamp duty for the lease. For more information on how to pay IRAS the stamp duty, refer to this guide.
Register Foreign Workers
If your tenants are foreign workers, they have to be registered with MOM. This can be done by the foreign workers or their company. If so, homeworkers will receive an SMS to alert that their address is being registered.
Homeowners can also register or remove foreign workers tenants.