Refinements to the Meaning of “Residential Property” under the Residential Property Act

On 19 July 2023, the Ministry of Law and the Singapore Land Authority jointly announced certain amendments to the Schedule of the Residential Property Notification (“RPN“) to update the list of land use zones designated as non-residential property for the purposes of the Residential Property Act 1976 (“RPA“). The amendments have taken effect on 20 July 2023.

Essentially, land zoned as “Commercial & Residential” has been removed from the Schedule of the RPN, effectively bringing such land within the ambit of the RPA. Consequently, foreign persons who wish to acquire land zoned as “Commercial & Residential” would be required to seek the Land Dealings Approvals Unit’s approval for such acquisition. In this Update, we provide a summary of the key changes to the RPN.