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Singapore: Changes to Residential Property Act passed

Posted on 23 November 2010

From Channelnewsasia.com: Changes to the Residential Property Act were passed in Parliament on Monday.It restricts foreign ownership of landed residential properties, including strata landed housing and land meant for residential development.
To prevent speculation, approved purchasers are allowed to buy only one property, which cannot be sold within the initial period of three years……………………………………….Full Article: Source

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