Singapore's real estate market has long been an attractive option for Singaporeans looking to invest in residential property. However, there are certain rules and regulations in place to ensure a fair and transparent property market. In this article, we will delve into the guidelines and requirements for Singaporeans to purchase residential property in their home country. Additionally, we will highlight two exciting new and upcoming residential properties, Watten Estate condominium and Marina View Residences, that present excellent opportunities for Singaporean buyers.

Eligibility for Singaporeans:

As a Singapore citizen, you have the privilege of purchasing both HDB (Housing and Development Board) flats and private residential properties in Singapore. However, there are certain criteria to meet depending on the type of property you wish to acquire.

HDB Flats: To buy a new or resale HDB flat, you must meet the eligibility conditions set by the HDB. These include being a Singapore citizen, at least 21 years old, and forming a family nucleus (e.g., married couples, parents with children).

Private Residential Properties: Singaporeans are eligible to purchase private residential properties without any restrictions. Whether you are buying a condominium, landed property, or executive condominium (EC), you can freely explore the options available in the market.

Financing Options:

When it comes to financing your residential property purchase, Singaporeans have several avenues to explore:

Housing Loans: For HDB flats, you can apply for housing loans through the HDB or approved financial institutions. These loans typically have favorable interest rates and longer repayment periods. For private properties, you can approach banks or financial institutions for home loans.

Central Provident Fund (CPF): Singaporeans can utilize their CPF savings to finance their property purchase. The CPF can be used for down payments, monthly mortgage repayments, and other related expenses.

Additional Buyer's Stamp Duty (ABSD):

The Singapore government implemented the Additional Buyer's Stamp Duty (ABSD) as a measure to cool the property market and curb speculation. The ABSD is a tax imposed on buyers purchasing additional residential properties. As a Singaporean citizen, your ABSD rates will vary depending on your property ownership status. It is essential to familiarize yourself with the prevailing ABSD rates before making a purchase.

New and Upcoming Residential Properties:

a) Watten Estate Condo: Located in the serene Watten Estate enclave, Watten Estate condominium offers a luxurious residential experience. With its prime location and excellent connectivity, this upcoming development is set to captivate Singaporean buyers seeking a tranquil yet convenient lifestyle. Register your interest to stay updated on the launch and availability of units.

b) Marina View Residences: Situated in the prestigious Marina Bay area, Marina View Residences is a highly anticipated new residential development. Boasting breathtaking waterfront views and world-class amenities, this property presents an incredible opportunity for Singaporean buyers looking to indulge in luxury living. Stay informed about the launch and sales updates to secure your desired unit.


Buying a residential property in Singapore as a Singaporean citizen comes with certain rules and regulations to ensure a fair property market. From eligibility requirements to financing options and stamp duties, it is crucial to understand the guidelines before embarking on your property purchase journey. The new and upcoming residential properties, such as Watten Estate Condo and Marina View Residences, offer exciting prospects for Singaporean buyers, blending convenience, luxury, and unparalleled living experiences. Stay informed and seize the opportunity to invest in your dream home in the vibrant city-state of Singapore.

Author's Bio: 

This Article Penned by Lora Davis.