Singapore Tool
Rent vs Buy
Singapore-specific breakeven. ABSD drags foreign buyers out 15+ years; citizens hit breakeven fast. Model the numbers by buyer status, horizon and assumptions.
Upfront Buy Cost
S$577,600
Incl. S$69,600 stamp duty
ABSD (0.00%)
0.00%
Singapore Citizen
Breakeven Year
Not within horizon
Net Worth Diff @ Yr 10
-S$138,714
Buy minus Rent
Year-by-Year Comparison
| Year | Property Value | Loan Bal. | Buyer Equity | Cum. Rent | Buy NW | Rent NW | Diff |
|---|---|---|---|---|---|---|---|
| 1 | S$2,060,000 | S$1,461,515 | S$598,485 | S$66,000 | -S$80,745 | S$540,480 | -S$621,225 |
| 2 | S$2,121,800 | S$1,421,681 | S$700,119 | S$133,980 | -S$80,742 | S$502,824 | -S$583,566 |
| 3 | S$2,185,454 | S$1,380,451 | S$805,003 | S$203,999 | -S$77,488 | S$464,645 | -S$542,132 |
| 4 | S$2,251,018 | S$1,337,775 | S$913,242 | S$276,119 | -S$70,879 | S$425,957 | -S$496,836 |
| 5 | S$2,318,548 | S$1,293,604 | S$1,024,944 | S$350,403 | -S$60,808 | S$386,777 | -S$447,585 |
| 6 | S$2,388,105 | S$1,247,885 | S$1,140,220 | S$426,915 | -S$47,162 | S$347,124 | -S$394,286 |
| 7 | S$2,459,748 | S$1,200,563 | S$1,259,185 | S$505,723 | -S$29,827 | S$307,019 | -S$336,846 |
| 8 | S$2,533,540 | S$1,151,583 | S$1,381,958 | S$586,894 | -S$8,685 | S$266,484 | -S$275,169 |
| 9 | S$2,609,546 | S$1,100,885 | S$1,508,661 | S$670,501 | S$16,389 | S$225,546 | -S$209,158 |
| 10 | S$2,687,833 | S$1,048,411 | S$1,639,422 | S$756,616 | S$45,519 | S$184,234 | -S$138,714 |
Singapore-Specific Notes
- • For foreign buyers, 60% ABSD alone = S$1,200,000 on this deal. Breakeven is rarely under 15 years.
- • Model assumes renter invests the upfront buy cost at the investment return — a conservative opp-cost anchor.
- • Property appreciation at 3%/yr is the single biggest lever. Sensitivity-test it.
- • Transaction costs on sale (~1% agent + stamping) are not modeled here — subtract them at exit.