Buying Condo in Singapore by US Citizens

[chum94555]

Hello, Can anyone point me to the link of how a US CITIZEN (who is NOT Expat) located in US can buy an investment condominium in Singapore? I understand there are certain type properties non Singapore citizens cannot buy, but from those they can buy my questions are

Can a Condo be bought initially as an investment and rented out?

Mid term intent will be to occupy the Condo during occasional visit to the island

Any recommendations on Real Estate agents specializing in such transactions

Thanks in advance

[Arcachon]

What are your budget and investment horizon?

[Arcachon]

RESIDENTIAL PROPERTY ACT
(CHAPTER 274)

http://statutes.agc.gov.sg/aol/search/display/view.w3p;ident=17ad4e2b-1fba-49a3-9293-7577073f0ab3;page=0;query=DocId%3A%2204e93755-a4d5-49ce-a1b1-708ef41778f5%22%20Status%3Apublished%20Depth%3A0%20%20TransactionTime%3A20160611000000;rec=0#legis

Foreign Ownership of Properties (SLA)

http://www.sla.gov.sg/Services/RestrictiononForeignOwnershipofLandedProperty.aspx

What types of property must a foreign person seek approval to purchase?

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 house);
Shophouse (for non-commercial use);
Association premises;
Place of worship; and
Worker’s dormitory/service apartments/boarding house (not registered under the provisions of the Hotels Act).

What types of property can a foreign person purchase without approval?

Condominium unit;
Flat unit;
Strata landed house in an approved condominium development;
A leasehold estate in a landed residential property for a term not exceeding 7 years, including any further term which may be granted by way of an option for renewal;
Shophouse (for commercial use);
Industrial and commercial properties;
Hotel (registered under the provisions of the Hotels Act); and
Executive condominium unit, HDB flat and HDB shophouse.

[chum94555]

Around S$1 Million and Horizon is 5 to 7 years

Thanks

[Arcachon]

https://www.99.co/

S$1 Million cash or loan

Did you get a credit rating in Singapore and a pre-approval loan from a bank?

[august]

USA, Liechtenstein, Swiss citizens not subjected to foreigner ABSD.

[chum94555]

This is the precisely type of info I am looking for

Thanks

__________________________________


https://www.99.co/

S$1 Million cash or loan

Did you get a credit rating in Singapore and a pre-approval loan from a bank?

[Arcachon]

They are similar to Zillow.