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Singapore
Landed Property
The spotlight
is on Singapore
Landed Property
and Foreign Ownership
of it.
In Singapore,
the scarcity of
land has resulted
in landed property
being highly sought
after by both
locals and foreigners
despite their
frequently astronomical
asking prices.
Generally indicating
houses with private
garden compounds
and garages, conventional
Singapore landed
property comes
in 3 forms:
• |
Singapore
bungalow:
A freestanding
structure
with no shared
wall. |
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• |
Singapore
semi-detached:
Often referred
to as Semi-D,
this refers
to a pair
of houses
with a shared
wall. |
|
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• |
Singapore
terrace house:
A row of connected
houses. A
corner terrace
house is the
last house
on the row. |
Landed
property unique
to Singapore includes
colonial bungalows
and conservation
shop houses. The
former refers
to Singapore bungalows
that were built
pre-war, when
Singapore was
still under the
British. The latter
refers to shop
houses, generally
pre-war as well,
that have been
marked for conservation.
Foreign
Ownership Of Singapore
Landed Property
For Sale
You
are a foreigner
and a listing
for a Singapore
bungalow for sale
has caught your
eye as your dream
home. Yet, will
you be able to
purchase this
property? Or will
you be forced
to turn your sights
to a Singapore
bungalow for rent
instead?
In
the 1970s, the
Singapore government
placed restrictions
via the Residential
Property Act on
the foreign ownership
of Singapore landed
property for sale.
This
Act sought to
strike a balance
between giving
Singaporeans a
stake in the country
by being able
to buy and own
residential properties
at affordable
prices while attracting
foreign talent
by allowing permanent
residents and
foreign companies
that make an economic
contribution to
Singapore to purchase
such properties
for their occupation.
Under the Act,
a foreign person
is defined as
a person who is
not a Singapore
citizen, a foreign
company or a foreign
society.
Foreigners
are restricted
from purchasing
vacant residential
land; Singapore
landed property
for sale such
as Singapore bungalow
for sale; and
landed property
in strata developments
which are not
approved condominium
developments under
the Planning Act.
If
you are a foreigner
wishing to purchase
Singapore landed
property for sale,
you should first
contact the Land
Dealings (Approval)
Unit of the Singapore
Land Authority.
Foreign
Rental Of Singapore
Landed Property
For Rent
There
are no restrictions
on Singapore landed
property for rent
and Singapore
bungalow for rent
by foreigners.
(Information
on foreign ownership
extracted from
Singapore Land
Authority www.sla.gov.sg)
For
listings on semi-detached,
terrace houses
and Singapore
bungalow for rent,
View2Offer’s
property listings
search will help
you find your
dream home.
In
addition
to finding
Singapore
landed
property
for rent,
you will
also find
Singapore
bungalow
for sale
and other
Singapore
landed
property
for sale
showcased
in our
property
listings.
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