Singapore is renowned as one of the world’s most dynamic financial hubs, attracting wealthy individuals from across the globe. Buying landed property as a foreigner isn’t easy here though.
Nonetheless, the city-state’s stable government and strategic location in the heart of Southeast Asia make it an appealing place to invest in real estate for certain types of UHNWIs.
If you’re already a citizen or permanent resident, Singapore offers a wide variety of private property options including Good Class Bungalows (GCBs), and landed houses.
Below we’ll explore the ins and outs of buying private property in Singapore whether as a foreign or local investor.
Types of Property in Singapore
Singapore’s private property market can be divided into two main categories: non-landed and landed properties.
Non-landed properties include condos and apartments, while landed properties refer to houses that come with land ownership, such as bungalows, semi-detached houses, and GCBs....