Residential Property Act – Part 2, which type of properties are considered restricted and which are not, are HDB considered Restricted property?

What are and What not?

Restricted Properties:

  • Vacant residential land
  • Terrace house
  • Semi-detached house
  • Bungalow / detached house
  • Strata-landed house which is not within an approved condominium development under the Planning Act (eg,
  • townhouse or cluster housing)
  • Lease of restricted properties for a term not exceed 7 years (including any extension or option for renewal)
  • Shophouse (for non-commercial use)
  • Association premises
  • Places of worship
  • Worker’s dormitory / service apartments / boarding house (not registered under the provisions of the Hotels Act)

Properties that are NOT restricted under this Act:

  • Condominium unit
  • Flat unit
  • Strata landed house in a condominium development
  • Lease of restricted properties for a term not exceeding 7 years (including any extension or option for renewal)
  • Shophouse (for commercial use)
  • Industrial and commercial properties
  • Hotel (registered under the provisions of the Hotels Act)
  • Foreign person cannot own 100% of these residential projects. If the foreign person buys the entire residential project, he/she will still need to get approval (LDAU – SLA).
  • No need to get approval if leave at least 1 unit in the residential project to be owned by a Singaporean

The following are NOT restricted under Residential Property Act. They are subjected to Housing and Development Act

  • Executive condominium unit
  • HDB flat
  • HDB shophouses

Note:

Not all shophouses are eligible to foreign person. It depends on the zoning of the land and the permanent use of the building.  Shophouses which are non-commercial are subject to LDAU’s approval. Such as:
• Shophouses which are on ‘Residential’ zoned land

• ‘Residential with Commercial at 1st storey’ zoned land are restricted to foreign person