Singapore's Law Minister said he expects the approval rate of foreigners owning private property to reduce by more than half, since the amendment to the Residential Property Act. The changes, which kicked in in January this year, impose tighter restrictions on foreign ownership. Those who renounce their citizenship or Permanent Residency are to sell their restricted residential properties in two...
Foreign Ownership
Foreigners may be allowed to own apartments and even commercial property in Indonesia under a revised rule expected by the third quarter of this year, Indonesia's investment chief said yesterday. The move is likely to draw investors into South-east Asia's biggest economy and increase the flow of foreign capital into the country. 'The government is committed to continuously review policies to make it...