Points To Take Note
In order for a Foreigner (including Permanent Resident) to own a landed property, approval must be sought via Singapore Land Authority through Land Dealings Approval Unit (LDAU). A foreign person is 'defined' as a person who is NOT:
- Singapore citizen;
- Singapore company;
- Singapore limited liability partnership; or
- Singapore society.
Specifically, the restricted properties include:
- Vacant residential land;
- Terrace house;
- Semi-detached house;
- Bungalow/detached house;
- Strata Landed house which is not within an approved condominium development under the Planning Act;
- Townhouse;
- Residential Shophouse;
Process For Application
-
Legaility
The purchase of property is subject to Government approval under the Residential Property Act. Otherwise, agreement is not valid. Details of the Residential Property Act
-
Assessment Criteria
Applicant is assessed on case by case basis:
Main requirements:
- You are a Permanent Resident of at least 5 years
- Make an exceptional economic contribution to Singapore
Main factors considered
- Academic, professional and/or technical qualifications
- Employment income assessable for tax in Singapore
-
Processing Time
Processing time is estimated 20 days (assuming all documents requested are intact). There have been some cases that took 3 months.
-
Cost of application
The charges is around S$1,220 via credit and debit cards.
-
Land Size Restrictions
For purchase of land, land area cannot exceed 15,000 sqft
-
Restriction on Disposal
For development already completed or obtained Temporary Occupation Permit (TOP), buyer cannot dispose within 3 years after the date of purchase of property
-
Minimum Occupation Period
For owners of Executive Condominium, you need to have a minimum occupation period of 5 years from date of TOP
-
Current Restricted Owners
If already own a restricted property (landed, strata houses or shophouses), need to dispose of it. Time frame; New property; on or before separate legal title is issued; for property under construction, within 3 months aft TOP; TOP already but not issued with legal title, within 3 months from date when seller delivers vacant possession of new property
-
Approval Letter
When approved, SLA will issue an undertaking form. Need to fill up this form with solicitor and return to SLA. Then SLA will release approval letter
-
Submission of Applications
All applications are to be submitted online
Authority
Authority is:
Singapore Land Authority (SLA), Land Dealings (Approval) Unit
55 Newton Road #12-01 Revenue House, S(307987)
Tel: 6478 3444
Reference: Restriction on Foreigner Ownership of Landed Property
Disclaimer
Information and details are constantly being updated. Please refer to Singapore Landed Authority for the latest details.