Commercial or Business Developments

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A non-citizen investor must submit an application for the acquisition of immovable property or part of a building for business purposes, or for the lease of immovable property or part of a building for a period exceeding 20 years for business purposes.
Business purpose means the acquisition or holding of property by non-citizens for:-

  1. the development of high activity commercial use building including, but not limited to, shopping mall, office building or warehouse, for own use, sale, rental or lease;
  2. the development of residential properties developed under the Property Development Scheme (PDS); and
  3. any other activity carried out for reward, gain or profit but excluding the acquisition for resale or lease or rental of any bare land or serviced land.

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