Can Foreign Buyers and Foreign Companies Own a Strata Office at The Golden Mile?

Published 7 October 2026

The Short Answer for The Golden Mile

Yes. Foreign individuals and foreign companies can buy a strata office or medical suite at The Golden Mile, and no Additional Buyer’s Stamp Duty applies to them, as at October 2026. They pay Buyer’s Stamp Duty on the commercial scale and GST on each instalment, on the same footing as a Singapore buyer.

This article sets out the duty, the financing points and the practical steps.

Duty for Overseas Buyers at The Golden Mile

Buyer’s Stamp Duty is charged on the commercial scale, from 1% on the first $180,000 to 5% above $1,500,000, and there is no Additional Buyer’s Stamp Duty for any buyer profile. There is no Seller’s Stamp Duty on a later sale, whatever the holding period. The stamp duty and GST page sets out the bands, and the stamp duty calculator builds up the figure.

GST for Overseas Buyers at The Golden Mile

GST at 9% applies to each instalment. A foreign company that is not GST-registered in Singapore would generally bear the GST as a cost; a company that sets up a Singapore entity which is GST-registered and makes taxable supplies may be able to claim it, subject to the rules set by IRAS. Overseas buyers should take tax advice on the structure before committing.

Financing for Overseas Buyers at The Golden Mile

Banks in Singapore lend to overseas buyers of commercial property, assessing the borrower, the income and the intended use; owner-occupiers are generally treated most favourably. CPF is not relevant for overseas buyers, and the purchase is funded from cash and the bank loan. On a building under construction, the loan is drawn stage by stage. The commercial loan page outlines the ranges, and the purchase calculator models the cash flow.

Choosing a Unit From Overseas at The Golden Mile

Overseas buyers often start remotely. The floor plans on this site show every level of the four office collections, the medical suites page covers Level 3, and the stacking plan shows how the building fits together. The Sales Concierge can send the price list and current availability by email and hold a call to narrow the shortlist before a visit.

For a regional headquarters or a Singapore office for a foreign firm, the Enterprise Offices on Levels 16 and 17 and the Crown Offices on Levels 19 to 22 offer whole-wing layouts with waterfront views; for a smaller representative office, the Premium Offices on Levels 3 to 7 start at 710 sq ft.

Holding a Unit at The Golden Mile From Abroad

Once completed, a strata office can be occupied by the buyer’s own business or leased to a tenant. Property tax is levied from TOP at 10% of the Annual Value set by IRAS, and the unit pays maintenance fees to the management corporation. With no Seller’s Stamp Duty, an overseas owner can decide the timing of any later sale on commercial grounds alone.

The fresh 99-year lease from November 2024 gives a long horizon for a holding, and the developer’s expected vacant possession date is 30 September 2029.

In practice, the steps for a foreign buyer mirror those for a local one: an option to purchase with the 5% option fee, the Sale & Purchase Agreement within the eight-week period, Buyer’s Stamp Duty on the commercial scale and GST on each instalment. A Singapore solicitor handles the conveyancing, and the payment scheme page lists the stages that follow.

The Practical Steps at The Golden Mile

An overseas buyer usually appoints a Singapore solicitor early, since the Sale & Purchase Agreement must be exercised within three weeks of receipt and Buyer’s Stamp Duty paid within 14 days of exercise. Funds for the option fee, the balance of the first 20% and the GST need to be in Singapore dollars in time.

The Sales Concierge can arrange a sales gallery appointment around a visit to Singapore, and send the floor plans and the current price list for The Golden Mile in advance.