1. Purchasing of Private Residential property

When buying a private residential property, there are many factors to consider and look into. You should familiarise yourself with these considerations which may affect your purchase.

If you own a HDB flat, a DBSS flat or an Executive Condominium, you have to fulfil the minimum occupation period set by HDB before you can purchase any private residential properties. Visit their website to find out more.

If you are not a Singapore citizen, you have to obtain approval from the Controller of Residential Property in Singapore Land Authority (SLA), before you can buy landed houses including but not limited to strata landed houses.

2. Renting of Private Residential Property

Private properties approved for residential use may not be used for short-term rentals on a daily or weekly basis. Private residential properties must be rented out for at least three consecutive months. If you own a private property and wish to rent it out, you have to adhere to the following rules.

With effect from 15 May 2017, the maximum number of unrelated occupants that may be accommodated in a property is six.

This applies to all persons residing within your home. Unrelated occupants refer to any persons who are not part of the same family unit.

Domestic caregivers hired by a family are considered part of the same family unit.

If you have already signed a tenancy for seven or eight persons before 15 May 2017, it may run its course until the cut-off date of 15 May 2019. This will apply to all tenancies regardless of their contracted end-date.

Any internal partitioning works carried out on the property must not compromise the nature of the property as a single self-sufficient residential unit with essential features such as a living/dining area and kitchen.