{"id":4697,"date":"2019-02-26T03:10:11","date_gmt":"2019-02-25T19:10:11","guid":{"rendered":"https:\/\/www.99.co\/blog\/singapore\/?p=4697"},"modified":"2022-07-01T04:00:29","modified_gmt":"2022-06-30T20:00:29","slug":"what-properties-can-singapore-permanent-residents-buy","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/what-properties-can-singapore-permanent-residents-buy\/","title":{"rendered":"What Properties Can Singapore Permanent Resident Buy?"},"content":{"rendered":"
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Congratulations! You’ve found your home away from home and become a Permanent Resident (PR). Your next challenge will be navigating Singapore\u2019s real estate maze. Don’t worry – the huge range of property types is more a boon than a bane. Here’s what you need to know:<\/p>\n

The real estate industry <\/b><\/h3>\n

Singapore is home to a rich and varied urban landscape. With a robust public housing programme, and a diverse set of market places (HDB resale, non-landed private & landed), the real estate industry\u00a0 supplies housing to all segments of Singapore society.<\/span><\/p>\n

Let\u2019s take a closer look at what Singapore has to offer for its Permanent Residents:<\/p>\n

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Build To Order (BTO)<\/b><\/h3>\n

These are sometimes simply referred to as “new flats”. BTO flats are typically the most affordable form of housing.
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Only <\/span>PRs who have a Singapore Citizen (SC) spouse can purchase BTO flats. In addition, first-timer households consisting of one Singapore Citizen and one or more PRs must pay a $10,000 premium to buy these flats. You can get the money back though:<\/span><\/p>\n

When you or your spouse gets Singapore citizenship – or you have a child who is a Singapore Citizen – you can apply for a $10,000 Citizen Top-Up Grant.<\/p>\n

HDB Resale<\/b><\/h3>\n

Resale flats are HDB flats being resold on the open market. These are preferred by buyers who don’t want to wait for a BTO flat to be built, or who want to buy flats in more developed areas (BTO flats tend to be launched in less mature estates, with fewer amenities).<\/p>\n

Unlike BTO flats, you and your spouse can buy resale flats that have passed the five year Minimum Occupancy Period (MOP). This is even if both of you are PRs (but you cannot buy a resale flat as a single, if you are a PR).<\/p>\n

For resale flats however, non-Malaysian PRs must fit into the Singapore Permanent Resident (SPR) quota.<\/p>\n

Under the quota, a maximum of five percent of the neighbourhood’s residents can be non-Malaysian PRs. For each block of flats, the maximum number of PRs is limited to eight per cent of the total residents.<\/p>\n

HDB has an e-service<\/a> that allows you to check if you meet the quotas.<\/p>\n

In addition, note that you and your spouse must have had your PR status for at least three years, before you can buy a resale flat. Both of you must meet the three year requirement – so if you have been a PR for seven years, but your spouse has been a PR for one year, you will still need to wait two years to be eligible.
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Executive Condominiums (ECs)<\/strong><\/h3>\n

ECs are full suite condos built by private developers – inclusive of pools, saunas, BBQ pits, and so forth. ECs only count as HDB properties for 10 years, after which they are treated as fully private properties.<\/p>\n

You can purchase an EC if your spouse is a Singapore Citizen. Note that after 10 years, ECs are fully privatised – you can then purchase them as you would any other condo.<\/p>\n

Private Property <\/b><\/h3>\n

Private properties can be divided into restricted nd non-restricted properties.
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PRs are free to purchase any type of non-restricted private property. These include the following:<\/p>\n