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FAQ (Frequently Asked Questions)

1. Are food or food-related factories required to be in the Food Zone?

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Depending on the nature of activities, food factories are commonly located in JTC designated food zones. Click here for more information on JTC Food Zones.

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2. Do I need to obtain SFA licence in order to operate?

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You must get a licence from SFA if you are setting up a:

  • Food retail establishment

  • Food processing establishment

    • Meat and/or fish processing establishment

    • Other processed food establishment: For other manufacturing activities, including central kitchens and repacking of food products

  • Cold store: For storage of meat and fish products without any processing activities

  • Slaughterhouse

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Food storage warehouses used for the commercial storage of food are also encouraged to register with SFA to safeguard the safety of food consumed in Singapore by enabling the traceability of food products in the supply chain.

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For information on the setting up of food establishments, please refer to this section.

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3. Who can buy a industrial/commercial property?

 

Unlike Residential Property, there are no restrictions as to who can buy Commercial Property. Singaporeans, Permanent Residents (PRs) and Foreigners are all allowed to purchase commercial property.

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Foreign companies who are registered outside of Singapore are also allowed to buy commercial property in Singapore.

 

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4. How much loan that I can borrow when purchasing an industrial property?

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Commercial property loan is a loan that finances the purchase of a commercial property (also referred to as business property loans). Commercial property loans are subject to factors that the bank might consider in order to determine the loan amount to extend to you, including the anticipated use of the property, anticipated returns, type of property, perceived risk and market conditions.

 

You may let commercial bankers to assist on your loan check first to assess your financial ability and cash outlay needed before making the purchase decision. Let us know if you need bankers to help on the loan check.

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5. Can I use CPF to finance my purchase of industrial property?

 

Unlike Residential property where you are able to use your CPF funds for down-payment and mortgage, you are not allowed to use these funds to purchase commercial property. 

 

 

6. Is purchasing of industrial property subject to Additional Buyer Stamp Duty (ABSD)?

 

Even if you already own a residential property, you don’t have to pay ABSD for commercial property. Given that the ABSD can range from 17% to 35% for residential property, this is a huge advantage for those who are interested in investing in property, yet do not want to pay additional for ABSD.

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Let us know if you have any other questions.

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