24 Property For Sale in Singapore

Considerations of buying Singapore property

Singapore is regarded as one of the most livable cities in the world. The city, with its great facilities, healthcare, and education, attracts a high number of foreigners to work and reside in every year, creating a robust demand for Singapore property.

What types of residential property can a foreigner buy in Singapore?

The government hasn’t made it easy for expats to purchase Singapore real estate. It stands to support affordable housing and buffer price escalations with a comprehensive housing policy. The implementation of Residential Property Act restricts foreign ownership of private residential property.

Foreign buyers should note the types of residential real estate they are eligible to purchase without restriction, including:

• Condominium unit
• Flat apartment
• Strata landed house in an approved condominium development
• A leasehold estate in a landed residential property for a term not exceeding 7 years, including any further term which may be granted by way of an option for renewal
• A landed property on Sentosa Cove

Stamp duties on Singapore property for foreign buyers

Foreign investors are also subjected to Additional Buyer Stamp Duty (ABSD) apart from Buyer Stamp Duty (BSD).

These cooling measures don’t stop foreign investors who recognize the city's fundamental values from buying Singapore property. It is well known that Singapore is one of the world's top financial centres with free capital flow, robust economic foundation, and a sound judicial system protecting the interests of investors. Singapore real estate is deemed relatively stable with limited downside risk and low volatility to some, making it ideal for owner occupation or long-term investment.