Foreigners are permitted to purchase landed property in Singapore with some restrictions. Under the Area-Specific Permission (ASP) scheme, they can buy residential properties in specific areas designated by the Singapore government. To qualify under this scheme, foreigners must invest at least SGD2 million in real estate within Singapore and hold these investments for a fixed period. Additionally, they are allowed to acquire landed property in the Rest of Central (ROC) area without any minimum investment requirement. It's important to note that there are different rules for entities, where foreign corporations can purchase both landed and non-landed properties under the Approved Outline Property (AOP) scheme, subject to approval from the Singapore Land Authority (SLA). Foreigners looking to invest in Singapore's property market should familiarize themselves with these regulations and consider the long-term implications of their investments.
