Foreigners are permitted to own property in Singapore with restriction. While foreigners can purchase condominiums, buying vacant land and properties with land such as bungalows, semi-detached and terrace houses requires approval from the Singapore Land Authority (SLA).

Advantages of owning property in Singapore include: i) satisfaction and security; ii) investment benefits of the equity gained by property that appreciates or maintains value; iii) forced savings by making mortgage repayments; and iv) tax incentive of no capitals gains tax.

Owning property in Singapore is seen as a status symbol and gives access to an exceptional lifestyle. Mercer Human Resource Consulting rates Singapore as the world's 28th most livable country in its 2010 Quality of Living Survey, making it the highest ranking Asian city on the list.

The property management services provided by Healy Consultants make life easier for investors owning property in Singapore. Outsourcing requirements such as property maintenance, refurbishments, security, property valuations, finding tenants and ad hoc problem solving saves clients time and money, allowing them to focus on their lives and businesses.

Property tax is payable by investors owning property in Singapore. There are distinctions in tax requirements for resident individuals and non-resident individuals, along with taxes for rental income. Healy Consultants provides professional tax and accounting advice to investors to ensure all tax obligations are met. Detailed information on the Singapore tax system can be found on the Inland Revenue Authority of Singapore (IRAS) website.

Healy Consultants offers a broad range of professional advice and management services to assist clients with their objective of owning property in Singapore. Whether the requirement is residential real estate or commercial real estate, our firm will establish the property demands such as budget, property locations, size, proximity to transport and schools, and security requirements to develop appropriate property investment options.

Freehold and leasehold tenure are two methods to owning property in Singapore. A freehold title entitles the property owner to keep the property indefinitely. A leasehold tenure gives posession of property for an extended long-term lease period, usually 99-999 years, ownership that is not absolute but in common practice. The title and ownership of the property is handed over to the state at the end of the lease.