Foreigners are allowed to purchase properties in Singapore, with certain conditions. They can buy residential property but are restricted to purchasing a maximum of two such properties within a 24-month period. Additionally, they are not permitted to own landed properties, which includes terraced houses, semi-detached houses, and detached houses. Foreigners can invest in condominium units, which offer a variety of living options ranging from apartments to luxurious penthouses. Investment in property by foreign entities is regulated to ensure the stability of Singapore's housing market and to prioritize local citizens in the residential property sector. The process involves obtaining approval from the Singapore Land Authority (SLA), and it's crucial for potential buyers to understand these regulations before proceeding with any property purchase to comply with Singaporean laws.
