Landed Residential Property’s Restrictions and Conditions for Foreign Purchasers

Restrictions on Foreign Ownership of Properties

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Property Registration Services Since 1973, the Singapore Government has imposed restrictions on foreign ownership of private residential property in Singapore. Such ownership is governed by the Residential Property Act (the Act).

The Act seeks 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, foreign companies and limited liability partnerships that make an economic contribution to Singapore to purchase such properties for their occupation.

The Land Dealings (Approval) Unit administers the provisions of the Act 

What is classified in Landed Residential Property under this rules? 

  • Lands, 
  • bungalow or detached houses, semi-detached house, terrace Houses, cluster houses, link bungalows, townhouses, 
  • shophouses or
  • Any residential property which that has separated land ownership or 
  • Any residential properties which are not approved condominium developments under the Planning Act.

Who are under these restrictions and conditions for purchasing?

  • Foreigners
  • Singapore Permanent Residents
  • Foreign Companies, Limited Partnerships, Organizations, Societies.

Frequently Asked Questions (FAQ)

Q: My spouse, a foreigner, owns a restricted residential property.  Can I still apply to buy another restricted residential property?
A: No.

Q:How long does it take to process an application?
A:The processing time is generally within 4 weeks after the date we receive all the requisite documents and information from you.

Q: I have not decided on a specific property to purchase.  Can I still apply?
A: Yes, you can apply for approval-in-principle.  If you are granted approval-in-principle, you have to submit particulars of a specific property you intend to purchase within 6 months of the letter of approval. Otherwise, the approval will lapse.  Thereafter, should you wish to purchase a restricted residential property, you will have to make a fresh application and pay the full application fee.

Q: I have not decided on a specific property to purchase.  Can I still apply?
A: Yes, you can apply for approval-in-principle.  If you are granted approval-in-principle, you have to submit particulars of a specific property you intend to purchase within 6 months of the letter of approval. Otherwise, the approval will lapse.  Thereafter, should you wish to purchase a restricted residential property, you will have to make a fresh application and pay the full application fee.

Q: I have been granted approval in the past.  Does that mean my current application will definitely be successful?
A: No, because your current application will be assessed based on the prevailing circumstances and guidelines.

Q: Is there any restriction on the type of restricted residential property I can acquire?
A: The land area of the property must not exceed 1,393.5 square metres or 15,000 square feet. The property also must not be within a good class bungalow (GCB) area.

Q: I currently own an Executive Condominium.  Can I apply to purchase a restricted residential property?

A: If you currently own an Executive Condominium (EC) under the Executive Condominium Housing Scheme Act 1996, you are not allowed to acquire an interest in another residential property or HDB flat within the Minimum Occupation Period of 5 years, starting from the date of issue of its Temporary Occupation Permit.    For more information, please visit the HDB website at www.hdb.gov.sg.


Standard conditions applied to the Foreign Purchasers

Owner occupation only:
The property shall be used only for Purchasers’ own occupation and that of the members of your family as a dwelling house and not for rental or any other purpose.

Prohibition of sale of property:
Purchasers shall not dispose of your estate or interest in the property within 5 years after the date of your purchase of the property.

Prohibition of sale of property (restrictions for resale):
Purchasers shall not dispose of your estate or interest in the property within 5 years after the date of issue of the Temporary Occupation Permit (TOP) or Certificate of Statutory Completion (TOP Cert), whichever is earlier or,

Purchasers shall not dispose of your estate or interest in the property within 5 years after the date the seller delivers vacant possession of the property.

Conditions for vacant land or land with intuition to rebuild or reconstruction:
Purchasers shall complete the construction of a new dwelling house on the subject-property or additions and alterations to or reconstruction of the subject-property and obtain the Temporary Occupation Permit or Certificate of Statutory Completion, whichever is earlier, for the subject-property, within 36 months after the date of letter conveying the decision.

Prohibition of sale of property for vacant land or land with intuition to rebuild or reconstruction:

Purchasers shall not dispose of your estate or interest in the property within 5 years after the date of issue of the Temporary Occupation Permit or Certificate of Statutory Completion, whichever is earlier.

Changing decisions after purchase to tear down and rebuild, or carry out additions & alterations to or reconstruction of my property:

Yes.  If the works require the URA’s or BCA’s approval and upon completion of the works, the Temporary Occupation Permit or Certificate of Statutory Completion is issued, Purchasers will have to apply for approval to carry out the works by submitting to relevant Authorities.

Changing decisions after purchase not to carry out any of the works mentioned.  Do I need to inform LDAU?

Purchasers are required to submit an application for variation of condition to remove the conditions imposed with regard to the above works. 

Source: The Residential Property Act (Section 25), SLA 



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