Despite low yields and high taxes, Singapore properties still a draw for foreigners

SINGAPORE welcomes foreign investment. When foreign electronics, finance, chemicals, consumer goods, pharmaceutical and technology firms grow their operations here, jobs are created. Opportunities also open for knowledge transfer as well as for local businesses to be suppliers and service providers.

However, an area where foreign investment brings questionable benefits is foreigners buying properties here.

Generally, only Singapore citizens can buy private landed homes here. Typically, foreigners can buy non-landed private homes as well as various types of non-residential properties such as commercial buildings.