Good day Mr. Wanxing Chen,
Thank you for your queries.
As my fellow agents have shared earlier, Singapore government has imposed restrictions on private residential ownership under Residential Property Act since 1973. In August 2004, some of the rules were relaxed for Sentosa Cove.
All vacant residential land, landed property and landed property in strata developments are considered “Restricted Residential Property” under this Act and require interested foreigners to submit the Approved Forms with supporting documents to Land Dealings (Approval) Unit (LDAU).
At A Glance:
1. Landed Homes On Mainland Singapore:
- Only Permanent Resident (PR) may apply to buy
- Application takes at least 4 weeks, fees from $900
- Maximum land area of 1,393.5 sqm or 15,000 sqft
- Excludes Good Class Bungalows (GCB) area
- Minimum Occupation or Prohibition of Sale period of 5 years
2. Landed Homes On Sentosa Cove:
- Foreigners and PRs may apply to buy
- Express application of 2 days, fees from $900
- No minimum occupation period
3. For owner occupation only, not for rental or other purpose and allowed to own only one at any one time whether on the mainland or Sentosa Cove
Source: http://www.sla.gov.sg/htm/ser/ser0306.htm
Forms:
http://www.sla.gov.sg/doc/ser/Forms_Apr_2012/Form%20A.doc
http://www.sla.gov.sg/doc/ser/Forms_Aug_2011/Form%20(Sentosa%20Cove).pdf
Should you prefer to avoid the above restrictions while still attaining the feel of owning a landed home, I would like to recommend Palm Isles Garden Terraces in District 17 Flora Drive.
Garden Terraces is a 3-Level 5BR home of 3014sf starting from $2,314,860 or $768 psf. Estimated TOP June 2015. It has both the features of a huge 2-storey terrace house with a private basement and all the perks and facilities offered in Condominiums. Foreigners are eligible due to its unique Condominium status, certainly a value buy for personal use or investment.
Summary of its unique features:
- Spacious private garden
- A huge back patio which is not included in the strata area but free for own use
- 2 private basement parking lots with high ceiling of 3.4m, shield vehicles from harsh weather
- Full condo facilities: 24hrs Security, 4 themed swimming pools, 2 tennis courts, Gymnasium, Function Room, Steam room and many more.
More details including floor plans could be found here:
http://www.propertyguru.com.sg/listing/17959248/for-sale-palm-islesMeet me at Palm Isles Showroom at any time to your convenience from 11am to 6pm to view actual unit and to discuss all your concern and queries on landed properties elsewhere.
Thank you and have a pleasant day.
Warm Regards,
Karrien N. Chan
CEA Reg. No.: R052532H
Mobile: +65 822 50 212
Email: karrien.realty@yahoo.com
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