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- In Singapore, real estate is a major asset class that is popular, and is available to most Singapore citizens and foreigners. Under the FTA, citizens of Switzerland, USA, Liechtenstein, Iceland and Norway enjoy similar Seller's Stamp Duty / Buyer's Stamp Duty treatments as Singaporeans when purchasing real estate).
Laws and regulations pertaining to real estate transactions are constantly changing (often within months), and can often have great monetary impact on a Buyer or Seller. The government agency, Singapore Land Authority (SLA), controls the supply of land for property development by developers.
As real estate is real property and has a higher price/investment entry level, it is important that the investor is well-equipped with the necessary market, financial, and legal knowledge for asset protection, and avoid complications which may be result in penalties.
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