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Singapore is a perfect location for those wanting to get the best of both worlds; the East and West. This is perhaps the reason why Singapore is a preferred destination for expat Chinese and other Asians, who'd comparable to their children get the best education, yet remain rooted and near to their culture. Sentosa Cove can be a virtual hub for expats who've chose to make this gated community in the deep sea marina, their home. In fact, there are many reports that declare that Singapore is among the most third most popular destination for the wealthy Chinese. Here are a few highlights to become kept in mind when buying property in Singapore.

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• Foreigners in Singapore can purchase non landed properties (read apartments and condominiums) without prior approval of the government. This rule is a result of an enactment in 2005 that barred foreigners from buying property in apartment blocks that are below six storeys or come under the course of condominiums. Nevertheless they still need to seek permission from your Singapore Land Authority to buy landed properties like bungalows, semi-detached houses, and vacant plots.

• Also, they are restricted from buying an HDB shophouse, an HDB house directly from the HDB, a resale HDB flat that's approved by the HDB, and a condominium that is purchased underneath the Executive Condominium Housing Scheme of 1996. Built was introduced for individuals that wished to buy something a lot better than an HDB flat, but couldn't manage to buy private property. For that uninitiated, HDB means for Housing and Development Board- Singapore, the public housing authority of Singapore. It was create through the government of Singapore, having an aim to help Singaporeans buy quality home at reasonable prices.

• Permanent Residents or PR's may purchase HDB flats directly from the HDB, after they form a family group nucleus using a Singapore citizen. Pr's also can buy an HDB flat in the resale market; provide they enlist a minumum of one occupier like a Singaporean citizen or PR. And also to protect people from flipping their home, owners looking to sell apartments that are less than 36 months old, would have to pay a duty of 3 percent from the resale value. Thus home owners who buy property through easy credit and selling them quickly for a profit are discouraged from doing so.

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• For properties underneath the Executive Condominium Scheme, PR's may buy property in projects which are within their sixth to tenth year with the Temporary Occupation Permit or TOP. In terms of foreigners and corporate bodies; they are able to buy EC property only following the eleventh year of the TOP.