So you’ve decided to head to the little red dot that is Singapore to work, settle down and stay for the foreseeable future.
If you’re looking to buy a house, that might be a good choice if you’re staying for more than a few years.
With the money put into an appreciating asset, you would save more than, as they say in Singapore, coffee money over a period of a few years.
But where do you get started since you’re not a Singaporean? What rules, regulations and laws do you need to observe?
Here’s a quick guide on what to look out for if you’re a foreigner (non-Singaporean) deciding to buy a property in Singapore.
Who or what is a foreigner?
According to the Singapore Land Authority, a foreigner is any person who is not the following:
Singapore citizen; Singapore company; Singapore limited liability partnership; or Singapore society. You can’t buy …