In order to invest in prime locations like Singapore, it is crucial for foreign investors to have a thorough understanding of the regulations and restrictions surrounding property ownership. While purchasing condos is relatively unrestricted for foreigners, the same cannot be said for landed properties, which have stricter ownership rules. Additionally, foreign buyers must also take into account the Additional Buyer’s Stamp Duty (ABSD), currently set at 20% for the first property purchase. Despite these additional costs, the Singapore real estate market remains an attractive option for foreign investment due to its stability and potential for growth.
Wood is a popular …