Singapore may also be ranked as the 9th costliest city in the world. But thanks to the financial grants and measures taken by the government in market regulations, most Singaporeans still can afford the home.
What sort of property can a Singaporean buy here?
There are three different types of property generally seen in Singapore:
- Private properties
- HDB flats
- Executive condominium
If you want to buy an HDB flat, then you must be a permanent resident or Singapore citizen. They are also allowed to buy any other types of private properties. It may include landed bungalows, EC’s and apartments. But be aware of the restrictions before you go to buy HDB flats.
There are top-quality condominiums sited on the land of Singapore. As the need for a residence is increasing, more and more condos are getting ready for you all. Amber Sea is about to open its door for its owners in few months. It is located in district 15 and is made to provide the best level of comfort and convenience. Find out the latest updates on official website Amber Sea https://ambersea-residence.com.sg/
What type of property can be brought by a foreigner to Singapore?
If you are a foreigner and want to buy a house in Singapore, then you do not have to hassle much in that. You can own private apartments and condos. Whereas, for buying bungalows, you will need government approval to buy such landed properties. EC’s can be brought, only if they are 10 years old.
Foreigners are not allowed to buy HDB flats in Singapore.
At what age you can buy a house in Singapore?
If you want to purchase a resale HDB flat in Singapore, then it is a must for you to be of 21 or more. If you are purchasing it as a part of the family nucleus. The nucleus may include:
- Parents and siblings
- Spouse and children
- Children under legal custody (In case you are divorced or widowed)
However, if you are single (unmarried or a widow) and want to purchase an HBD flat here, then the legal age for that is 35 years old.
Can I own more than one property in Singapore?
There are no specific limits, on your purchase of private property in Singapore as a permanent resident or a citizen. You can check out one of the most awaited properties of Singapore. Find out the latest updates on price of Amber Sea.
If he is an HDB owner and wants to buy a private property, can do so. But after five years with an occupation in the same city.
It means, if you have a wish to own both private property and an HDB flat, then you must go to own an HDB flat first and occupy it for five years. Then, you will be eligible to invest in a private property, be it a local one or overseas.
Note: You cannot own more than one HDB flat. If you want to purchase another one, then you will have to dispose of the first one within six months of your second flat.