Expatriates in Singapore discover that it is truly expensive to rent a hotel room when they plan to stay for a significant length of time in the country. One solution to this costly quandary is acquiring a residential property in the city-state.

Singapore authorities do not discourage expatriates from owning residential properties in the country.

Primarily, Singapore’s Residential Property Act aims to let Singapore nationals to purchase, at affordable prices, their own residential properties. Moreover, this Act encourages foreign nationals who are thought of by the Singapore government to have made important contributions to the economy of the city-state in their wish to buy residential properties within Singapore.

Even without any licenses or sanctions from Singapore government officials, an expat may buy non-restricted residential properties. The following are specific examples of non-restricted residential properties:

- apartment flats within a structure that is not higher than 6 levels – condo units in approved condominium development sites included in the Planning Act – a lease agreement on a restricted residential property; the term must not go beyond 7 years

A foreigner may intend to own all units in an apartment or condo; still, before this can become possible, Singapore’s Minister of Law must issue an official sanction.

Likewise, a foreign national without any prior accreditation from Singapore’s Minister of Law cannot purchase residential properties that are categorized as restricted.

The Residential Property Act of Singapore specifies these restricted residential properties as follows:

- an empty residential lot – town houses, separate or semi-detached houses, or terraced houses standing on residential lots – lots not authorized for condo development under the Planning Act

The foreign national who plans to own a restricted residential property must fill out a form and then submit this, along with the necessary supporting documents, to the Singapore Land Authority. The Singapore Land Authority is in charge of appraising and approving the merits of foreign national whether he or she will be eligible to buy a restricted residential property.

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