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Property Buying Guidelines For Foreigners

 Property Buying Guidelines for Foreigners

Please visit Singapore Real Estates Website

for available properties listings in Singapore

 

Eligibility Of Foreign Buyers For Private Properties

 

Under the Residential Property Act (RPA), with effect from 19 July 2005, foreigners can purchase apartments in non-condominium developments of less than 6 levels without the need to obtain prior approval.

 

For restricted property such as land parcels, private landed properties like ,  terrace houses, semi-detached and bungalows, prior approval is still required from the relevant authority. Private landed properties is a special class of residential property in Singapore, due to limited land space in a small but developed island, thus it should remain restricted to foreigners. For more information, please visit the SLA website.

 

Eligibility Of Foreign Buyers

For HDB Apartments and Executive Condominiums

 

All purchase of HDB flats, HDB shophouses and Executive Condominiums, is subjected to the approval of Housing And Development Board.

Purchase of flats directly from HDB is restricted to Singapore Citizens and Singapore Permanent Residents who can form a family unit at the time of purchase, ie husband and wife, father and son,mother and daughter.

 

For purchase of flats from the secondary resale market, at least a Singapore citizen or Singapore permanent resident must be the buyer and include at least one listed occupier who is a Singapore citizen or Singapore permanent resident . For more information please visit the HDB website.

 

Investments for Permanent Residence Scheme

 

Under the Global Investor Programme (GIP) administered by the Economic Development Board (EDB), foreigners are able to apply for Permanent Resident (PR) status if they invest a certain amount in Singapore,  into business set-ups and/or other investment vehicles such as venture capital funds, foundations or trusts that focus on economic development.

Investment in private residential properties  are also considered for the application of Singapore Permanent Resident application.

 

A foreigner can apply for Singapore Permanent Residency if he invests at least S$2 million in business set-ups, other investment vehicles such as venture capital funds, foundations or trusts, and/or private residential properties. Up to 50% of the investment can be held in private residential properties, subject to foreign ownership restrictions under the Residential Property Act (RPA).

 

Please visit Singapore Real Estates Website

for available properties listings in Singapore