The Singapore Land Authority SLA mission is to optimize the property resources for the economic and social development of the nation. The Ministry of Lay supervises the SLA statutory board. The supervision involves the regulation of their property boundary. A practicing surveyor registered in Singapore carries out the property boundary survey. The SLA requires the registered surveyor to deal directly with the SLA, including completing the technical and the administrative needs of the survey.
Foreign ownership
Any foreign person is needed to seek the approval of the Singapore authorities before completing the purchase. However, the possession or purchase of any property in Singapore is limited and applied only to people who made a decent financial contribution to Singapore. Approval to buy can be searched for the following types of property
- Vacant residential land
- Terrace house
- Semi-detached house
- Bungalow or detached house
- Strata landed house
- Shop house
- Association premises
- Place of worship
- Worker’s dormitory
Urban Redevelopment Authority
The URA mission is to plan and make the property a great, sustainable place to live, including conservation functions historical and cultural sites. Through time, the consultation is an essential part of its planning function, which involves both the public and the private sector. The URA also serves to sell land by tender to assist the private developers, including tenders for government land and extended to purchasing reserved land.
Housing Development Board HDB
The Housing and Development Board is under the supervision of the Ministry of National Development. The HDB is the public housing authority of Pasir Ris 8 Condo Singapore. It helps plan and provide quality homes that are cost effective yet high in quality standard. The HDB also manages the needs of those elderly who are in financial trouble.
The idea is mainly resource allocation and planning in securing the property and its raw materials to achieve maximum results from the markets of sale. The HDB regulates the sale of the HDB flats, which comprises its own resale. The HDB also functions to present a variety of schemes so that owners have the ability to monetize their apartments as long as they ensure that their companies do not disturb their neighbours.
You need to understand that about three quarters of the total land in Singapore is owned by the State. The government uses the property to ease and plan urban growth in addition to stabilize the housing market rates. Aside from the GLS programme, other agencies were also approved to Manage chosen HDB estates and the leasing of vacant state properties. The Supply is made to fulfill economic development.