When it comes to investing in Singapore’s real estate market, foreign investors must be well-informed about the regulations and restrictions surrounding property ownership. While condos are relatively accessible for foreigners, the same cannot be said for landed properties, which have more stringent ownership rules. Additionally, foreign buyers are required to pay the Additional Buyer’s Stamp Duty (ABSD), currently set at 20% for their first property purchase. Despite this extra expense, the consistent stability and promising growth potential of Singapore’s real estate market continue to attract foreign investment. Interested investors can explore new condo launches to further their options.
Surbana Jurong Group has announced the appointment of Professor Cheong Koon Hean as a new member of its board of directors in a press release on Jan 6. With her extensive experience and expertise in the built environment, Cheong’s appointment will further enhance Surbana Jurong’s ability to provide innovative, resilient, and sustainable solutions.
Previously, Cheong served as the CEO of HDB from 2010 to 2020 and held the same position in URA from 2004 to 2010. Currently, she is the chair of the Lee Kuan Yew Centre for Innovative Cities and a Professor of Practice at the Singapore University of Technology and Design. She also chairs the Centre for Liveable Cities Advisory Panel under the Ministry of National Development.
In addition to her new role at Surbana Jurong, Cheong is also a member of the boards of National University of Singapore and CapitaLand Group. She is also Singapore’s non-resident ambassador to Finland.
Cheong’s appointment comes at a crucial time as the built environment continues to evolve towards smart and sustainable solutions. With her vast experience and knowledge, she will play a crucial role in driving Surbana Jurong towards a greener future.