ELI5: Can foreigners buy property in Singapore?
Yes, foreigners can buy some types of property in Singapore, but not all.
Imagine Singapore is like a big LEGO city. Some LEGO houses are for everyone, and some are just for Singaporeans.
- Condominiums are like apartment buildings – foreigners can usually buy these. Think of them as LEGO houses that are painted a special color, meaning anyone can own them.
- Private Apartments are similar to condominiums, and foreigners can usually purchase them.
- HDB flats (public housing) are almost always only for Singaporeans and Permanent Residents. These are like LEGO houses built with special bricks that only Singaporeans can use. They are cheaper and help Singaporeans have a place to live.
- Landed properties (like bungalows or terrace houses) also have rules. Foreigners usually need special permission from the government to buy these, and it's not always granted. This is like needing a special key to unlock a fancy LEGO house that usually only Singaporeans can own.
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