A foreigner can buy a private property in Singapore if he has a property overseas.
In the private property market, you can only buy a condominium or and Executive Condominium after the 10th year of its Minimum Occupation Period (MOP).
You are allowed to buy both landed parcels and completed bungalows at Sentosa Cove. You will need to seek approval from the Land Dealings (Approval) Unit which will grant you an express approval within 2 days. The landed property must be for your own occupation, you cannot own more than one landed property in Singapore and you are not allowed to resell your Sentosa Cove property to other foreigners who must likewise meet the same ownership criteria. There is no MOP imposed on foreign ownership of land parcels or landed homes at Sentosa Cove.
You may be able to buy a cluster housing project which is a type of 'strata landed housing unit. This is considered restricted properties and will require special approval from the Land Dealings (Approval) Unit. This will take around 6 weeks.
Restricted properties include vacant land zoned residential, landed property including detached house, semi-detached house, terrace house, including linked house or townhouse, shophouse which is not strata subdivided and is erected on land which has been zoned residential and all apartments within a building or all units in an approved condominium development without the prior approval from the Ministry of Law.
Hope this answers your question.
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I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, yes sure no issue with that.
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Anyone can buy property as long as they are comfortable with the various stamp duty and taxes if any.
ERA Realty Network Pte Ltd
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Foreigners can purchase private residential properties, commercial and industrial properties that is not under restricted property classifications.
Do take note that Additional Buyer's Stamp Duty may apply for foreigners purchasing private residential property in Singapore.
I have been in the real estate business since 2009, with more than 10years of experience serving the Singapore real estate market.
I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.
Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.
With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.
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OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
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[main] +65 6471 8888 [mob] +65 81577565 [LDA] +65 92787772
Note: We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us!
Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.
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Landed Dynamic Alliance
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Yes you may buy a non landed private property.
You may text 9620 0827 for a casual chat.
Gavin Read More
1) There is no restriction on foreigners buying private non-landed residential property in Singapore while holding overseas property.
2) However, a foreigner is not allowed to purchase landed residential property unless receiving approval from LDAU.
3) They can choose 99yrs lease, 999 years lease, or even freehold property.
4) If they only have overseas income, this income also can be used for TDSR assessment to determine how much they can loan for property purchase.
Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636, or email: email@example.com if more information is needed.
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A foreigner can purchase the following properties in Singapore even if they own multiple properties in multiple countries:
- non-landed private residential property
- private commercial property
- private industrial property
Do take note that ABSD applies.
I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.
Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305. I will be happy to assess and share with you the possibilities for you in the current market.
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