Singapore is renowned for its dynamic real estate market, stability, and investor-friendly environment. The city-state continues to be a sought-after destination for foreign investors, and understanding the property rules, as well as the latest market offerings, is crucial for anyone looking to purchase real estate in the country.
In this article, we’ll break down the types of properties foreigners can buy in Singapore, the regulations governing these purchases, and highlight some of the latest new condominium and townhouse launches that are attracting global interest.
What Foreigners Can Buy in Singapore
Foreigners can buy properties in Singapore, but there are restrictions based on property type. These guidelines ensure that residential properties remain accessible to Singaporeans while offering investment opportunities for foreign buyers.
1. Private Condominiums (Non-landed Properties)
Foreigners are generally allowed to purchase private condominiums and apartments in Singapore without any restrictions, provided that the property is not part of a landed development (i.e., it’s a high-rise, non-landed property).
- Condominiums: These are the most common type of property that foreigners invest in. A condominium in Singapore typically offers a modern, luxury lifestyle with shared amenities such as pools, gyms, and gardens.
- Investment Potential: Condos are a popular choice due to their relatively lower price point compared to landed properties, their potential for high rental yields, and strong demand from expatriates and foreign professionals.
2. Landed Properties
Foreigners can purchase landed properties in Singapore, but only under specific conditions. They need approval from the Singapore Land Authority (SLA), which typically grants permission for:
- Good Class Bungalows (GCBs): These are luxurious, large properties located in exclusive neighborhoods. Foreigners who wish to purchase GCBs must meet certain criteria, such as being a permanent resident (PR) and demonstrating the property’s purchase would contribute to the country’s economy.
- Semi-detached and Terrace Houses: These may be permissible for foreign buyers, but only under special approval. Foreign buyers who are permanent residents and looking to purchase such properties need to apply to the relevant authorities.
3. Executive Condominiums (ECs)
Executive Condominiums (ECs) are a hybrid between public and private housing. While foreigners can purchase ECs once they have been fully privatized (usually after 10 years), they cannot purchase ECs during the first 10 years after its completion unless they are Singapore citizens or PRs.
4. Commercial Properties
Foreigners can also invest in commercial properties such as office spaces, retail units, and industrial properties in Singapore without facing significant restrictions. This segment offers great opportunities, particularly in Singapore’s thriving financial and tech sectors.
Latest New Condo and Townhouse Launch Recommendations
With Singapore’s strong property fundamentals, including consistent demand, limited supply, and high capital appreciation potential, new condominium and townhouse projects continue to be popular among foreign buyers. Here are some of the most exciting new launches in the market:
1. Meyer Blue
- Location: Meyer Road, East Coast
- Launch Date: 2025
- Property Type: Freehold luxury condominium
- Developer: Blue Horizon Development
- Overview: Nestled in the highly sought-after East Coast area, Meyer Blue is an exclusive, contemporary 25-storey residential tower offering 150 premium units. Set against the backdrop of Singapore’s scenic coastline, this property provides residents with stunning sea views, as well as easy access to the vibrant Katong and Joo Chiat neighborhoods. Meyer Blue caters to those seeking a refined lifestyle with spacious 2- to 4-bedroom apartments featuring high-end finishes and smart home technology. The development boasts a range of luxury amenities, including a wellness center, infinity pool, and sky garden, making it the perfect choice for discerning homeowners and investors looking for a prime, tranquil address in the city.
2. One Bernam
- Location: Bernam Street, Tanjong Pagar
- Launch Date: 2024
- Property Type: Freehold condominium
- Developer: MCC Land
- Overview: Situated in the vibrant Tanjong Pagar district, One Bernam is a sleek, modern 35-storey residential tower offering 350 units. With its exceptional connectivity to the CBD, this project is a great choice for foreign investors interested in urban living. One Bernam features spacious 1- to 4-bedroom apartments, many of which come with panoramic views of the skyline and Singapore’s famous Marina Bay Sands. With top-tier amenities like a sky terrace, swimming pool, and gym, the development is designed for the cosmopolitan professional.
3. The M
- Location: Middle Road, Bugis
- Launch Date: 2024
- Property Type: Condominium
- Developer: Wing Tai Asia
- Overview: The M is a distinctive 99-year leasehold condominium that stands out for its unique architecture and its location in the heart of the city. The project is set to be completed by mid-2024 and will offer 522 units of various sizes. The M is perfect for investors looking for a city-central property that’s within walking distance of Singapore’s best retail, dining, and entertainment options. Foreigners will find this development particularly appealing because of its proximity to the business districts, key international schools, and top hospitals.
Location: Miltonia, North Singapore
Launch Date: 2024
Property Type: High-end luxury condominium
Developer: TG Development Pte Ltd
Overview:
Skies Miltonia is an exceptional residential development located in the serene district of Miltonia, offering residents a tranquil escape surrounded by lush greenery while maintaining convenient access to the city. This 99-year leasehold condominium comprises a collection of elegantly designed units, ranging from 1-bedroom to 4-bedroom apartments. Each home is equipped with premium finishes, spacious layouts, and contemporary designs that cater to both family living and individuals seeking luxury in a natural setting.
The development stands out for its proximity to key transport routes, including the Seletar Expressway (SLE), making it a highly attractive choice for commuters who need quick access to Singapore’s central business district (CBD) and key commercial hubs. The lush environment of nearby golf courses and parks adds an exclusive charm to the development, while amenities such as a swimming pool, clubhouse, and fitness center ensure a complete lifestyle experience.
Ideal for both homeowners and investors, Skies Miltonia’s location and premium offerings make it one of the most anticipated residential projects in Northern Singapore.
Conclusion
Singapore offers a wealth of real estate opportunities for foreigners, particularly in the high-end residential market. With strong capital appreciation, high rental demand, and excellent urban infrastructure, condominiums and townhouses are particularly attractive to foreign investors.
Whether you’re looking for a luxurious lifestyle close to the CBD, or an up-and-coming area with strong growth potential, there are many options for foreign buyers. Some of the most exciting launches in 2023 and 2024, including Skies Miltonia, Meyer Blue, One Bernam, and The M, cater to diverse needs, from urban professionals to families seeking spacious landed properties.
As always, it’s essential for foreign investors to familiarize themselves with the local regulations and seek professional advice to navigate the purchasing process in Singapore.
