Dear Felic,
Gd day to u. I'm one of the marketing agent for the developer of Link Residence @ Holland.
Yes, you may buy it subject to LDU for approval.
Foreigners Buying
The Residential Property Act of Singapore states that a foreign person cannot acquire or purchase restricted residential property unless he obtains prior approval. Such property includes:
(a) vacant residential land;
(b) landed property [i.e detached house, semi-detached house, terrace house (including linked house or townhouse)]; and
(c) landed property in strata developments which are not approved condominium developments under the Planning Act.
A foreign person is defined under the Residential Property Act to be:
(a) any person who is not a citizen,
(b) any permanent resident,
(c) any foreign company or any converted foreign company,
(d) any foreign society or converted society.
Hence, even a permanent resident is categorised as a foreigner unlike in the case of purchasing a Housing and Development Board (HDB) flat, whereby a permanent resident could be the applicant or the authorised occupant of the said flat. However, it does not necessarily mean that all foreigners are restricted from purchasing restricted residential properties in Singapore. A foreign person can still buy resticted residential property caught under the Act if he/she had obtained explicit approval from:
Land Dealings (Approval) Unit
Singapore Land Authority
55 Newton Road
#12-01 Revenue House
Singapore 307987
The approval will be looked upon favourably if:
(a) the individual is a permanent resident
(b) an individual who can provide economic benefits to Singapore or makes adequate contribution in Singapore; and
(c) one who possesses professional or other qualifications or experience which are of benefits or advantageous to Singapore.
Pls follow this link to read more info.
http://www.sla.gov.sg/htm/ser/ser0306.htm
Pls do not hesitate to call me at 90-488288 or u can email me. Be glad to serve you and answer your enquirers.
Sincerely,
Sherlyn Goh
(+65) 90488288
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