My spouse and I are temporary residents and already own a home purchased with Government approval. Can we buy another property for investment purposes?
Yes, provided it is not a second-hand residential property. You do not need approval to purchase new dwellings or single blocks of vacant land (that is, a block of land suitable for building one residential dwelling). Approval is required if you wish to purchase other vacant land for development or property for redevelopment.
Yes, provided it is not a second-hand residential property. You may buy new dwellings or single blocks of vacant land (that is, a block of land suitable for building one residential dwelling), subject to approval. Approval is also required if you wish to purchase other vacant land for development or property for redevelopment.
Related Questions
- My spouse and I are temporary residents and already own a home purchased with Government approval. Can we buy another property for investment purposes?
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