Foreigner Including Permanent Resident Restrictions On Landed Properties in Singapore

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

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 is estimated 20 days (assuming all documents requested are intact).  There have been some cases that took 3 months.

The charges is around S$1,220 via credit and debit cards.

For purchase of land, land area cannot exceed 15,000 sqft

For development already completed or obtained Temporary Occupation Permit (TOP), buyer cannot dispose within 3 years after the date of purchase of property

For owners of Executive Condominium, you need to have a minimum occupation period of 5 years from date of TOP

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

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

All applications are to be submitted online