Many investors understand the value of diversifying their property portfolios, buying homes and letting across the world to spread their risk and solidify their income. But it turns out that there are quite a few restrictions on what foreign buyers can and can’t do.
Across the world, governments are putting restrictions and limits on who can buy what. These policies are mainly domestically fueled. It’s not that governments don’t want wealthy investors pouring capital into their countries. It’s just that they are pandering to their local audiences, offering them housing when appropriate.
The following infographic is a case study for the rules that apply in Singapore, one of the richest Asian cities. You’ll notice that buyers can buy certain properties, but will find it more difficult to purchase others. That’s because the government in Singapore wants to hold some residences back for local people.
Take HDB flats, for instance, a local residential program designed to reduce the cost of housing for regular Singaporeans. As an outside investor, you’re allowed to purchase one of these on the resale market, but you’re not allowed to buy them brand new. That’s because the government is trying to control the price that these go to market.
However, there are fewer restrictions, as you’ll find out below, for people looking to buy commercial or industrial properties. Here, the rules are a little more relaxed, so it is easier to get the type of investment that you want.
Do you want to learn more? Take a look at the following infographic for more information:
By PropertyGuru Largest Property Portal in Singapore
(Disclaimer: This content is a partnered post. This material is provided as news and general information. It should not be construed as an endorsement of any investment service. The opinions expressed are the personal views and experience of the author, and no recommendation is made.)
