Properties for foreigners

Question 1

Land Dealings Approval Unit (LDAU) of Singapore Land Authority is in charge of the approval of foreign person buying the restricted property; or subdivide the property.
MOP for them is __ years. If it’s under construction, __ years after TOP or CSC (earlier one).

If foreigner get the approval to build his own on vacant land, he MUST complete it within __ years.

Answer 1

5 years;
5 years;
3 years

Question 2

Foreigners buying property in Sentosa Cove
1. MOP?
2. Land area max __ sq m
3. approval needed?

What about outside Sentosa-
4. max land area for a foreigner is?
5. Can the property be situated in the Good Class Bungalow area?

Answer 2

No MOP;
1800 sq m;
Still need approval from LDAU;

15,000 sq f;
NO

Question 3

A housing developer who is subject to restriction under Residential Property Act refers to one who is:
-an individual who is not a Singapore citizen
-a foreign company, LLP or society
-a Singapore company, LLP or society WITHOUT a __ certificate

Answer 3

clearance

Question 4

If foreigner wants to buy another property, he must fulfil the MOP of __ years first. He’s also required to dispose the existing property:
1. on or before the date of legal completion of the purchase of the new property
2. if the property is under construction–> within __ months from the date of TOP or CSC (earlier one)
3. Within __ months from the date the seller delivers vacant possession of the new property for which the TOP has been issued but separate title has not been issued yet

Answer 4

3 months;
3 months

Question 5

If the foreign beneficiary is not allowed to acquire the restricted property through inheritance, the Personal Representatives (i.e. executors or administrators of the deceased’s estate must dispose beneficiary’s interest in the property within __ years from the date of the death of the deceased.

Answer 5

5 years