The government of Singapore allows foreigners to buy property; however, regulations vary depending on the type of property. Before we come to details, let’s see how the Singapore government defines a foreigner. A foreigner is a corporate, agency, or a person who is not a Singapore citizen, company, limited liability partnership, or Singapore society.
Buying Land in Singapore
Buying Property in Singapore, for instance, land, you must be approved by the government. Landed properties include semi-detached and terraced houses and bungalows. You have to apply for approval online on the Singapore Land Authority website. After application, they will review your application in details.
For a foreigner to buy land in Singapore, you must have stayed in Singapore for at least five years and made a significant contribution to taxes. Significant contribution means a foreigner must have a good record of accomplishment for approval.
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