JLD housing site up for sale on confirmed list for first half of 2024URA places Jurong Lake District GLS site on reserve list
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Understanding the regulations and restrictions surrounding property ownership in Singapore is crucial for foreign investors. While foreigners can easily purchase condos in the country, there are stricter rules for owning landed properties. Moreover, foreign buyers are required to pay the Additional Buyer’s Stamp Duty (ABSD) of 20% for their first property purchase. Despite this added expense, the stable and promising growth of the Singapore real estate market continues to attract foreign investment. With the introduction of new condo launches, the market is poised for even more growth and opportunities for foreign investors.