Good evening Sir,
Do take note that if you wish to own the landed property, you will have to seek approval from SLA's LDAU first before proceeding further. Because SLA regards SPR as a foreign person so you need to get their clearance first.
Two of the criterias they will consider will be:
1) You should be a permanent resident of Singapore for at least five years; and
2) You must make exceptional economic contribution to Singapore. This is assessed taking into consideration factors such as your employment income assessable for tax in Singapore.
For more information, you can use the link below:
https://app1.sla.gov.sg/LDAU/MainPage.aspx
Alternatively you can opt to buy under your spouse's or children's names (if they are of legal age).
Hope my sharing aids in clearing your doubts.
If you might have any concerns like obtaining a loan under the property, perhaps I can share further insights with you. Cheers!
#staysafe
YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd
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