SINGAPORE: Foreigners looking to buy property or land currently zoned for mixed commercial and residential use will be required to seek government approval from Thursday (Jul 20). The Ministry of Law (MinLaw) and the Singapore Land Authority (SLA)
SINGAPORE: Foreigners looking to buy property or land currently zoned for mixed commercial and residential use will be required to seek government approval from Thursday .Ministry of Law and the Singapore Land Authority on Wednesday night announced that they have refined the Residential Property Act to classify these developments as residential property or land.
The update was part of the regular review of the RPA to ensure the land use zones are up to date with the prevailing zoning terminology used by the Urban Redevelopment Authority , said MinLaw and SLA in a joint press release on Wednesday. As land zoned or developments permitted for mixed use are predominantly for residential use, such developments will now be deemed as residential property and regulated under the RPA, said MinLaw and SLA.
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