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Types of Real Estate

Non-landed Properties (Condominium, apartments, offices)

Foreigners are allowed to buy non-landed residential properties in Singapore. Foreign buyers may acquire an unlimited number of non-landed private homes ie; condominiums and apartments. The only foreigners who may buy HDB flats (public housing) on the resale market are PRs.

Landed Properties

Foreigners have to be PRs first before they can receive permission to buy landed homes on mainland Singapore. Sentosa Cove is the only location where foreigners who are not PRs are allowed to purchase landed property. Foreigners interested in purchasing a landed property must seek permission from the Land Dealings (Approval) Unit under the Singapore Land Authority. Foreigners, including PRs can at any one time own only one landed home in Singapore and must occupy it themselves rather than to rent it out.

Lending Facility

Banks in Singapore are able to lend up to 80% of the valuation of the property. Currently, the lending rates range from 2% to 3% per annum and varies according to the type of home loan packages. Most banks are able to lend up to a tenure of 35 yrs depending on the age of the youngest borrower.

Independent Advice for Property Purchase

Lush lifestyles Pte Ltd will help clients in their search for a real estate either for investment purpose or as a second home. Lush lifestyles Pte Ltd will make use of third party research done by property consultants, academics, regulators etc to recommend a suitable property for investments or lifestyle purpose. Our consultant would do a suitability assessment test before short listing the properties for viewing before recommending a property.

Our consultant will then bring interested clients to view the properties shortlisted during the suitability assessment process. Our consultant will appraise all viewed properties and the client will be able to make a more objective rather than an emotional decision on the property to purchase.

After the client expresses an interest to purchase a property, the consultant will

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