When investing in Singapore, it is crucial for foreign investors to have a clear understanding of the regulations and restrictions surrounding property ownership. While condos are generally accessible to foreigners with minimal limitations, the same cannot be said for landed properties, which have stricter ownership guidelines. Additionally, foreign buyers must take into account the Additional Buyer’s Stamp Duty (ABSD) of 20% for their initial property purchase. However, despite this added expense, the stability and potential for growth in the Singapore real estate market remains a strong draw for foreign investment. This has led to a significant interest in high-rise condos among foreign buyers, as seen on condo.com.sg.
This sparked a heated debate and several meetings between the developers, heritage activists, and the community. After much deliberation, a decision was reached to transform the villa into a modern high-rise condo that would blend seamlessly with the surrounding landscape. A team …