Can foreigners buy landed house?

Discuss about where to live, renting a property, tenancy issues, property trend and property investment in Singapore.
Post Reply
cojelek
Newbie
Newbie
Posts: 2
Joined: Tue, 31 Jul 2007 1:06 am

Can foreigners buy landed house?

Post by cojelek » Tue, 31 Jul 2007 1:10 am

Can foreigners buy any kind of landed houses in SG?. Which is more convenient, condo or landed house?.



Thx!:)

Singapore Property Search

 

User avatar
joop
Site Admin
Site Admin
Posts: 1053
Joined: Wed, 23 Jul 2003 8:51 pm
Location: Singapore
Contact:

Buying private property

Post by joop » Tue, 31 Jul 2007 12:26 pm

Foreigners can't buy landed property but they can apply through SLA for approval to buy, you can read up more information at Singapore Expats - Eligibility to buy Private Property

It is easier for a foreigner to buy a condominium.
Singapore Expats

Home | Classifieds | Condo | Forum | Property
Image

huggybear
Chatter
Chatter
Posts: 414
Joined: Sun, 17 Dec 2006 9:07 am
Location: Hibernation

Post by huggybear » Tue, 31 Jul 2007 12:45 pm

because since foreigners are forbidden to buy landed property you've shrunk your pool of people who can buy the place significantly

or in ssimple econ terms.

the supply of house buyers shrinks to virtually nil while supply of people buying condos is abundant (and thus prices of condos soar).

cojelek
Newbie
Newbie
Posts: 2
Joined: Tue, 31 Jul 2007 1:06 am

Post by cojelek » Tue, 31 Jul 2007 1:14 pm

but it seems like that the locals prefer condo over landed house too. CMIIW.

Amelia Camelia
Regular
Regular
Posts: 82
Joined: Wed, 09 May 2007 10:54 pm
Location: East Coast (reloc from London)

Post by Amelia Camelia » Tue, 31 Jul 2007 1:31 pm

Just an aside...

It is possible for PRs to buy landed property. I haven't looked into it personally, but when I was looking to rent I fell in love with a house and learnt that the owner was PR.

I think it's quite a cumbersome process, but it is nonetheless possible.

regards
AC

User avatar
sundaymorningstaple
Moderator
Moderator
Posts: 39632
Joined: Thu, 11 Nov 2004 1:26 pm
Answers: 10
Location: Retired on the Little Red Dot

Post by sundaymorningstaple » Tue, 31 Jul 2007 1:44 pm

Amelia Camelia wrote:Just an aside...

It is possible for PRs to buy landed property. I haven't looked into it personally, but when I was looking to rent I fell in love with a house and learnt that the owner was PR.

I think it's quite a cumbersome process, but it is nonetheless possible.

regards
AC
If you looked at Joop's link you would have seen that it is clearly indicated that it is both possible and the link for the application for doing so. :wink:
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers

kaka
Regular
Regular
Posts: 88
Joined: Fri, 15 Dec 2006 8:54 pm

Post by kaka » Mon, 06 Aug 2007 10:44 pm

does anyone know the criteria? for e.g. if a foreigner were to apply for eligibility to buy landed property, what do they look into?

User avatar
Addadude
Reporter
Reporter
Posts: 860
Joined: Fri, 26 May 2006 12:37 pm
Answers: 1
Location: Darkest Telok Blangah

Post by Addadude » Fri, 10 Aug 2007 10:25 am

If you have the $$$, you can buy a bungalow land parcel at Sentosa Cove and build your dream villa there. It's the only place in Singapore where foreigners can buy landed property or land to build a house without having to get special permission. Look at spending upwards of $4 million just for the plot of land though.

User avatar
joop
Site Admin
Site Admin
Posts: 1053
Joined: Wed, 23 Jul 2003 8:51 pm
Location: Singapore
Contact:

Post by joop » Fri, 10 Aug 2007 4:16 pm

kaka wrote:does anyone know the criteria? for e.g. if a foreigner were to apply for eligibility to buy landed property, what do they look into?
All applications are evaluated on a case-by-case basis, taking into account factors like the economic contribution of the applicant or his professional qualifications. Applicants granted apporval must undertake in writing to use the residential property only for...:

1. In the case of an individual, his own occupation and that his family as a dwelling house only or;

2. In the case of a foreign company, occupation as a dwelling house by its executives, managers, employees or other personnel and their families and not for any other purposes..
Singapore Expats

Home | Classifieds | Condo | Forum | Property
Image

hagar
Member
Member
Posts: 26
Joined: Thu, 23 Aug 2007 4:09 pm

Post by hagar » Thu, 23 Aug 2007 4:57 pm

The process is not very difficult we went through it last year It is very similar to the PR application process. You will need to allow up to two months though.

There are two types a) Approval in principal which you can do beforehand following which the approval on the specific property once found will be much faster and b) Approval for a specific property.

If you go for the second one be sure to make sure that the letter of intent includes a subject to LDA approval clause otherwise yo may lose your deposit if approval is not granted. Full deposit should not be made till after approval is granted. Our seller did not like the wait as prices were rising and he could not show the property to other interested parties while the approval was in process. The Agent should be able to help you with all this.

There are restrections to the size of land - i believe it is 10,000 sq feet. Also in our case we are not allowed to sell, develop or rent out the property for the first 3 years of ownership (two to go). You will also be subject to property tax on the deemed annual rent of the property (determined by LDA) of 10% of the deemed annual rent if it is not your primary residence or 4% if it is.

Hope this helps a little.

Cheers

Post Reply
  • Similar Topics
    Replies
    Views
    Last post

Return to “Property Talk, Housing & Rental”

Who is online

Users browsing this forum: No registered users and 4 guests