It is crucial for overseas investors to have a thorough understanding of the regulations and limitations surrounding property ownership in Singapore. As a general rule, foreigners are permitted to acquire condominiums with relatively few restrictions, in contrast to landed properties which have more stringent ownership policies. It should be noted that foreign buyers are subject to the Additional Buyer’s Stamp Duty (ABSD), which is currently set at 20% for their initial real estate purchase. Despite the added expenses, the stability and growth potential of the Singapore real estate market continue to attract significant foreign investment. This makes real estate in Singapore a highly desirable asset for real estate investors.
Moreover, the development of real estate also impacts the efficiency of our roads. As cities continue to grow and expand, there is a greater need for coordination and collaboration between developers and transportation authorities to ensure that new developments do not …