buying property as a foreigner in Singapore

ðŸ“Œ Introduction
Buying property as a foreigner in Singapore can seem daunting due to strict regulations and high entry costs. But with the right information, navigating the property market becomes manageable — and rewarding. Whether you’re relocating, investing, or buying a home for your family, this guide will walk you through the process of owning real estate in Singapore as a non-citizen.

ðŸ—ï¸ Can Foreigners Buy Property in Singapore?

Yes, foreigners can buy property in Singapore, but there are restrictions depending on the type of property:

âœ… Allowed Without Approval:

Condominiums

Private apartments

Executive Condominiums (ECs) (only after 10 years from TOP)

Commercial properties (shophouses, office units)

âŒ Requires Government Approval:

Landed properties (bungalows, terrace houses)

HDB flats (not allowed unless under a special scheme, e.g. Singaporean spouse)

ðŸ‘‰ Apply for approval through the Land Dealings Approval Unit (LDAU) for landed homes.

ðŸ’° Minimum Investment & Costs

ðŸ’¡ Key Costs to Expect:

Additional Buyer’s Stamp Duty (ABSD):
- 60% for foreigners (as of 2025)

Legal fees: ~$3,000–$5,000

Property tax: Progressive rates for non-owner-occupied

Agent commission: Typically 1–2% of purchase price

Example:

A S$2 million condo purchase may result in:

S$1.2M in ABSD

~S$5K legal

~S$20K/year in property tax if rented out

ðŸ¢ Best Property Types for Foreign Buyers

Property Type	Approval Needed	Typical Use Case
Condominium	No	Personal use, investment
Executive Condo (10+ yrs)	No	Investment
Landed Property	Yes	Long-term residence
Commercial Property	No	Business, rental yield

ðŸ“ Popular Areas for Foreign Buyers

Orchard / River Valley – Prime luxury condos

Marina Bay / CBD – High-end city living

East Coast – Expat families, sea views

Holland / Bukit Timah – International schools

Sentosa Cove – Rare landed homes foreigners can buy (with approval)

ðŸ§¾ Step-by-Step Buying Process for Foreigners

Get In-Principle Approval (IPA) for financing (if taking a loan)

Engage a licensed agent and lawyer

Choose property and pay Option Fee

Sign Sale & Purchase Agreement

Pay remaining down payment + ABSD

Legal completion and title transfer

ðŸ” Tips for Buying as a Foreigner

Work with a local agent familiar with foreigner restrictions

Plan for the ABSD in your budget

Consider resale vs new launch condos

Check rental yields if investing

Stay updated on Singapore’s cooling measures and tax changes

ðŸ“ˆ Why Buy Property in Singapore?

Stable economy and political climate

Strong rule of law and property rights

High rental demand and yield in key districts

Transparent real estate regulations

Strong appreciation in key segments (e.g., D9, D10)

ðŸ§³ Alternatives If You Can’t Buy HDB or Landed Homes

Rent luxury condos or landed properties

Invest in commercial property

Set up a company and acquire under corporate ownership (subject to approval)

âœï¸ Final Thoughts

Buying property as a foreigner in Singapore is entirely possible — but only if you're informed, financially ready, and understand the regulatory environment. From luxurious condos to investment-grade commercial spaces, there are real opportunities in the market for foreign investors and residents alike.