Restricted properties include:
Yes, subject to approval. The company is required to submit an online application. A non-refundable application fee is payable.
No. If the company is granted approval to purchase a restricted property, it will be subject to the condition that the property is used for the occupation of the company’s senior personnel as a dwelling house and not for rental or any other purpose.
A foreign company within the meaning of the Residential Property Act is a company that is not a Singapore company. A Singapore company is one which is incorporated in Singapore and where all its directors and members/shareholders are Singapore citizens and if a member/shareholder is a company, it must be a Singapore company, and so on. The ultimate beneficiaries of the company must be Singapore citizens.