Regulations on Foreign Private Properties ownership in Singapore
Can foreigners own or purchase private properties or condos in Singapore?
The Residential Property Act in force since 11 Sep 1973, restricts a Foreign person that the only private property that the person can own are Strata Titled properties (e.g. units in a condominium), unless there is special approval granted. They may request for special permission from SLA’s Unit to own landed property. For example, Sentosa Cove was a development to encourage foreigners to reside in Singapore, the approval of which can be as fast as 2 weeks. However, for other locations this typically takes 4 weeks to 6 weeks.
However, Foreigners can still own landed property for up to maximum of 7 years leasehold (including Option to Extend) through a lease.
Note that Executive Condominium (EC) is not classified as a Private Property under the Act and Foreigners may purchase them. ECs are governed under HDB.
- What are Private Properties?
Detached houses, semi-detached house, terrace house, including linked-house or townhouse.
- What is a Foreign person?
Entities or persons who are not:
- Singapore Citizen
- Singapore Company (with 100% Directors and Shareholders who are Singapore Citizen)
- Singapore society
- Singapore LLP (with 100% Directors and Shareholders who are Singapore Citizen)
- As a Foreign person, how may I still own Private Properties?
You will need to apply to Land Dealings Approval Unit under SLA for approval. You can speak to our recommended licensed agent for advisory.
- What are some general criteria for approvals?
- Good professional standing and qualifications
- Expertise needed by Singapore
- Investments in the industry or service needed by Singapore.
Note that such properties are only for personal residential use and not for rental, and sale is not allowed within 3 years of purchase. One family can only own one Private property.
Updated on 3 Aug 2017. Contact your property agent for a detailed consultation.