In Singapore the largest part of the population live in housing estates which are built and maintained by the government body known as Housing and Development Board. These housing estates include clinics, supermarkets, schools, recreational facilities and other features. The rest of the population lives in apartments, condominiums, bungalows or landed property.

There are specific laws about the type of property expatriates or non residents can own. There is even a difference between the type of property a permanent resident and a citizen are allowed to own. The Singapore government imposed restrictions on foreign ownership of all private residential property in the country and this type of ownership is regulated under the Residential Property Act.

The main aim of this act is to offer Singaporeans the chance to buy and possess their own residential property at affordable rates while giving residents and foreigners a chance to buy some property. After the amendments done in 2005, foreigners can now buy apartments in non-condominium developments that have less than six floors without the need of prior approval. The restrictions still apply when it comes to landed property such as bungalows, semi-detached houses and terrace houses.

As a foreigner wishing to purchase a restricted residential property you need to download an application form, fill it out and return to the relevant government office with the necessary supporting documents such as your entry and re-entry permits.

Yishun is a popular satellite suburb that is located in the north of the island and boasts of major shopping malls with all the major branded stores among other amenities.

HDB flats are part of the restricted residential property available and to buy one you can either buy it directly from HDB in which case you must be a Singapore citizen, a spouse of a Singapore citizen or a permanent resident. If you choose to buy the flat from the resale market you must be a Singapore citizen or a permanent resident.

The HDB board maintains a strict ethnic ratio and eligibility to buy one is up to them. Interested buyers are advised to enquire directly from the HDB board about their eligibility.

When purchasing or renting a property it is more advisable to use the services of a property realtor as they are best able to advice on any requirements, as well as representing your interests. They are also able to secure the property at the best possible price while offering you a wealth of advice and ensure that all the documents are in order.

Ensure that you only use on e agent at a time as most of the property companies share the same database of property listings. Engaging more than one agent will lead to confusion and a waste of time as you are likely to be shown the same property again. An agent also understands your needs after a few viewings making them able to serve you better while offering alternatives if you do not find something you like.

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Billy Chen 曾庆义

Tel: (+65) 88689999

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