With its strategic geographical area and economic growth, Singapore property is always in great demand for not only Singapore citizens and PR, but also investors who are looking for profit in the vibrant market conditions. While rumors of million-dollar HDB flats continue to fuel the craze, is property investment as profitable as it has been portrayed to be? Let’s find out.
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Public Residential Housing |
Private Residential Housing |
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Executive Condominium |
Apartments, Landed Property |
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Who can make the purchase? |
● Singapore Citizen ● Singapore Permanent Resident |
● Singapore Citizen ● Also, be a family nucleus with at least another Singapore Citizen or Permanent Resident |
● Singapore Citizen ● Foreigner can buy villas and townhouses in Sentosa Island |
Eligibility |
● Must be at least 21 years old if purchasing the HDB flat with: -Spouse and/or children -Parents and siblings -Children under your legal custody (if you’re widowed or divorced) ● At least 21 years old if you’re widowed or orphaned ● At least 35 years old if you’re single or divorced with no kids
*Note: A single (unmarried) person is restricted to a 2-room Flexi unit under the new Build To Order (BTO) scheme. |
First time buyers, ● Must be at least 21 years old, if you’re purchasing with your family members, are widowed or orphaned ● At least 35 years old if you’re single (unmarried) or divorced with no kids ● Your average gross monthly household income must not exceed S$16,000 ● You must not own or dispose of any private property within 30 months ● You must not have bought directly from HDB twice (include HDB resale flat with CPF Housing Grant)
If purchase an Executive Condominium from the open market (resales EC): ● Must be at least 21 years old
For Foreigner: ● Can only buy ECs that are at least 10 years old |
● Must be at least 21 years old ● To buy landed property, you need to be a permanent Singapore resident for at least 5 years. ● You need to make “significant contributions” based on your income assessable for tax in Singapore. |
Minimum Occupation Period (MOP) |
● 5-20 years (depends on mode of purchase |
● 5 years from the Temporary Occupation Permit (TOP) date for your EC |
None |