Approvals Granted to Foreigners to Purchase Landed Properties under Residential Property Act 1976

Mr Leong Mun Wai asked the Minister for Home Affairs (a) for each year since 2013, how many foreign persons have received approval to purchase terrace houses, semi-detached houses, detached or strata landed houses under the Residential Property Act 1976; (b) whether investigations into the sources of funds for the purchase of these properties are conducted before such approvals are granted; and (c) if not, why not.

Mrs Josephine Teo: Many Members have filed queries on the recent anti-money laundering operations conducted by the Police and Singapore’s anti-money laundering framework. The queries cover a wide range of issues across several Ministries. The Ministry of Home Affairs, together with various other Ministries, will respond to the queries comprehensively in a Ministerial Statement in October.