Singapore private property is both literally
and metaphorically a safe port in the storm. This may be one of the few countries where demand for luxury properties can
climb to 11-year highs, precisely because of economic downturns.
But despite its size, Singapore’s property market is segmented, with different property types operating at their own speeds. In addition, the Singapore government is unabashedly interventionist, and has an active hand in controlling property prices. So if you’re considering a real estate investment in Singapore, here are some of the key issues you need to consider:
- Property restrictions for foreigners
- Stamp duties and taxes
- Local financing options
- Enclaves and districts
- Property restrictions for foreigners
Foreigners can buy most commercial properties – such as offices, retail stores, or hotels – without restriction. With regard to residential properties, foreigners cannot usually buy the following:
- HDB flats
- Land zoned for residential use
- Shophouses zoned for residential use
- Semi-detached houses
- Bungalows
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