MoneySmart Travel Insurance Lucky Draw Winners 2023
June 28, 2023
What are and What not?
- 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 |