Singapore

Singapore is a metropolitan city with 4.24 million people. The main island has a total land area of 682 square km. Singapore’s strategic location is a gateway to the region’s resources, talents and markets. It is well known for its stable political and social environment, strong infrastructure, and skilled work force.

The Singapore Government has announced on 18^th April 2005 that two Integrated Resort Casinos will be built on Marina Bay site and the island resort Sentosa. The casinos are expected to be operating by 2009. The Singapore property market is showing signs of recovery and visible improvement in the high-end market. Developments like The Sail @ Marina Bay and The Berth at Sentosa Cove are having resounding sales. The recent property policy changes in relaxing of real estate financing and foreign ownership rules will enhance a positive effect into the property market. These government measures will boost the investors’ confidence.

Eligibility to Buy Private Property

Under the Residential Property Act (RPA), with effect from 19 July 2005, foreigners can purchase apartments in non-condominium developments of less than 6 levels without the need to obtain prior approval. For restricted property such as vacant land, landed properties such as bungalows, semi-detached and terrace houses, prior approval is needed. A copy of the ministerial statement can be found here.

Property Investments for Permanent Resident Application

Under the Global Investor Programme (GIP), a foreigner can be considered for PR status if he invests at least S$2 million in business set-ups, other investment vehicles such as venture capital funds, foundations or trusts, and/or private residential properties. Up to 50% of the investment can be in private residential properties, subject to foreign ownership restrictions under the Residential Property Act (RPA). A copy of the ministerial statement can be found here.

Visa Requirement

Foreigners holding travel documents issued by the certain countries will require a visa to enter Singapore. List of countries of can be found here.

Singapore Properties For Sale

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RANGE OF SERVICES

With the professional knowledge and experiences of the Singapore property market, our company provides you with comprehensive services that includes: 

1. Sales and Purchase of Singapore Properties

2. Leasing of Singapore Properties

3. Management of Singapore Properties

For enquiries, feel free to contact Miss. Cecilia Cheuk at (852) 2877 1636 or email us at
ldsssung@lawsonsurveyors.com for details.