Foreigners can indeed purchase property in Singapore, with certain conditions and types of properties that are open to them. Under the Alternative Investment Market (AIM), foreign individuals are allowed to buy residential properties without prior approval, subject to the Additional Buyer's Stamp Duty (ABSD) and Loan-to-Value (LTV) limits. For landed properties, however, foreigners must obtain approval from Singapore's Land Authority (SLA) and still incur ABSD and LTV restrictions. The ABSD rates are higher for foreigners compared to Singaporeans or permanent residents, reflecting the government's measures to safeguard local property rights and prevent speculative buying. Foreign entities like corporations can also invest in residential properties without SLA approval but must comply with the same financial regulations as local investors. It's a structured system designed to balance the needs of foreign investment with national housing policies, ensuring a stable and sustainable real estate market for all stakeholders in Singapore.
