Real Estate Resources

Singapore’s Residential Property Regulations For Foreigners

Expatriates may find renting a hotel room for the whole duration of their stay in Singapore to be a very expensive quandary. The alternative answer to this problem is for the foreigners to buy residential properties in the country.

The Singapore administration does not restrict foreigners from purchasing or acquiring residential properties in the city-state.

Mainly, Singapore’s Residential Property Act aims to allow Singapore nationals to purchase, at reasonable prices, their own residential properties. Moreover, this act encourages foreign nationals who are considered by the Singapore government to have made important contributions to the economy of the country in their wish to acquire residential properties within the country.

Even without any licenses or approval from the Singapore government, an expatriate may buy non-restricted residential properties. The following are some samples of non-restricted residential properties:

- apartment units within a structure that is not more than 6 floors in height - condo units in approved condo development sites under the Planning Act - a lease contract on a restricted property; the term must not exceed…

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