Can Foreigners Buy Gcb?
Can a Foreigner Buy a Good Class Bungalow? Foreigners Will Need to Get Approval from the Government to Buy a Gcb, So Most Buyers Tend to Be Singaporeans. but...
Can a foreigner buy a good class bungalow? Foreigners will need to get approval from the government to buy a GCB, so most buyers tend to be Singaporeans. But we've also seen exceptional cases, such as James Dyson's Cluny Road purchase back in 2019.
How do you qualify for GCB?
To qualify as a GCB, the property must have at least 1,400 square metres (approx. 15,070 sq. ft.) of land area, and the bungalow itself is limited to a maximum of two storeys in height.
Can foreigners buy good class bungalow?
Is there any restriction on the property that foreigners can buy? Yes. The land area of the property must not exceed 1,393.5 sq metres or 15,000 sq feet. In addition, the property must not be situated within a good class bungalow (GCB) area.