INFO FOR FOREIGN INVESTORS

1. Can foreigners buy bungalows? 

The Residential Property Act 1973 prohibits foreign ownership of landed properties unless a foreigner has obtained the approval from the Land Dealings Approval Unit. Write to the Comptroller of Residential Property Land Dealings Approval Unit.

A foreigner is defined under the Act to mean a non-Singapore citizen and includes a permanent resident of Singapore. Some criteria the Government takes into account when granting approval:

Whether the applicant is a permanent resident of Singapore. His contribution to Singapore, for example, professional/technical/ academic qualifications, expertise combined with
working experience and/or his investments in the type of industry or the service sector needed in Singapore. 

A successful applicant must use the landed property for owner occupied purposes. The land area must not exceed 15,000 sq. ft. The approval for purchase is valid for six months. It normally takes eight weeks to process each application.

2. What private properties are foreigners eligible to buy without the approval of the land Dealings Approval Unit?

a) Any flat in a building containing six or more storeys including the ground floor; b) Any flat or dwelling home shown as a unit in an approved plan bearing the title "condominium".  This includes cluster houses; c) HUDC Phase I and II flats (except those within buildings of less that six storeys). 

We recommend  to Foreign Investors 28. WORTH INVESTING July 12, 2002 Great location & freehold.  The Light At Cairnhill Freehold condo 1 block of 20-storey 118 units. 3-bedroom 1300 sq.ft. 4-bedroom 2000 sq ft. 1-min walk to Orchard Road & 5-min walk to Somerset subway. Penthouse worth investing. Around S$1,300 per sq. ft Tel: +65 9668 6468 judy@asiahomes.com 27. Jun 20 02. Newton 18 penthouse $1.806 million, studio 614 sq ft 27th floor, $750,000. 26. Jun 3 02. Cuscaden Residence, upscale, downtown For Rent/Sale 25.  The Lincoln Modern, 20 Lincoln Road. 5-min walk to the Novena subway & 3-min drive to Orchard Road.   judy@asiahomes.com   24. UE Square & Aspen Heights near Clarke Quay subway 23. The Armadale, near Novena subway. Completed in 2002. 22. The Equatorial, near downtown freehold. Completed in 2002. 21. Burlington Square Residence attracts singles. 20. The Bayron, near Somerset subway - easy to rent. 19. Gallop Gables, $900 per sq. ft with rental income.  18. The Estoril, $1.6 million. Freehold. 17. Avalon penthouses & condos for sale.  16. Four Seasons Park 6+1. 3800 sq. ft. 3 units. Completed: 1994.

15. Ardmore Park 4+1 2900 sq. ft, for sale. High class residents.  From $4.2 million.  13.   The Ladyhill Condominium from $1,800 per sq. ft 14. Upscale prime location - St Martin Residence . A 2200 sq. ft ground floor with patio $3.1 million.  Studios of 600 sq. ft for sale/lease to foreign investors.  12. Penthouses & condos for foreign investors from S$2-4 million. Latest info. July 12 2002. Consider The Light At Cairnhill. 11.  Tudor Ten modern bungalow $6 million.   10. The Arcadia for sale. 3+1 7500 sq. ft  $3.3 million. 4+1 3775 sq. ft $2.0 million. 9. Regency Lodge 8. Charleston 7. The Horizon (1 Holt Road). Penthouse for sale.  6. Grange 70.  Grange 80. 5.  72 Grange Road  4+1 4,297 sq. ft  S$4.2 million ($977 per sq. ft). 4.  Melrose Park near Great World City shopping mall. 3.  Landbay Condominium, East Singapore 2. River Place 1. Holland Peak  Many others: The Paterson Edge, Ardmore Park The Claymore Aspen Heights UE Square LAND FOR SALE Jul 12, 2002 Sin Joo Road 50,000 sq. ft $28 million Oxford Road 14,000 sq. ft $14 million. REFERENCES at: Subdivision Rentals (major housing developments) will have more details of developments for sale or rent.

Asia USA Realty (Singapore) asiahomes.com 
Pte Ltd.  Website:  asiahomes.com. 
House Agent's Licence No. AD041-07306B

Blk 1002, Toa Payoh Lor 8, #01-1477,
Singapore 319074, Republic of Singapore

Mobile Tel: +65 9668 6468, 9668 6469 
Tel: +65 6254 3326, 6254 2728
Fax: +65 6256 0501, 64545 843
Email: judy@asiahomes.com

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