Nepal Nationals Buying Property Overseas

This is a discussion on Nepal Nationals Buying Property Overseas within the Buying & Selling Property forum, part of the REAL ESTATE & PROPERTY LAW category; I am writing to enquire if there are any regulatory requirements/ restrictions on Nepal Nationals by IRD who intend to ...

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Old Nov 4th, 2010, 02:58 AM   #1
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Default Nepal Nationals Buying Property Overseas

I am writing to enquire if there are any regulatory requirements/ restrictions on Nepal Nationals by IRD who intend to purchase/purchased a residential property in Singapore.
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Old Nov 4th, 2010, 04:50 AM   #2
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Default Re: Nepal Nationals Buying Property Overseas

Foreign investors are allowed to invest in the Singapore commercial property market with little restrictions. If you are wishing to buy a residential property then you can invest only in private apartment blocks and condominium units, and in this regard you can only purchase units in a building that has six stories or more. They are also prohibited from purchasing the entire building. Generally foreign investors cannot invest in Singapore residential landed property or public housing. So you can’t purchase a residential property. You can only invest in private apartment blocks or condominium units in Singapore.
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Old Nov 8th, 2010, 04:53 AM   #3
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Default Re: Nepal Nationals Buying Property Overseas

How about any laws by the Nepal Government? Do they impose tax restrictions or any other restrictions on their citizens buying overseas property?
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Old Nov 8th, 2010, 03:14 PM   #4
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Default Re: Nepal Nationals Buying Property Overseas

I have the same question about Indian nationals buying in the USA.
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Old Nov 9th, 2010, 01:42 PM   #5
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Default Re: Nepal Nationals Buying Property Overseas

Indians can buy in the USA.

There may be some currency control issues if the money is all inside India to begin with. But you can do it.
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