Smart City Scheme
The Smart Cities, revolving around the work, life and play concept, are large-scale mixed-use developments in cosmopolitan conurbations with smart technology and pioneering innovation at their core. residential estates are embedded within an integrated masterplan fostering a sustainable and happier lifestyle with ample space and opportunities for innovation driven businesses and multiple leisure amenities, while living next door.
A non-citizen can acquire a residential unit, being a townhouse, villa, apartment, penthouse, or a duplex within any of the smart cities.
Also, non-citizen holders of residence permits, occupation permits or permanent residence permits can acquire a plot of serviced land of an extent of 2,100 m2 for the purpose of building a residence, in a residential development located in a smart city, approved by the EDB. The acquisition has to be made not later than 30 June 2022.
If the acquisition of the residential property is made at a minimum of USD 375,000, the non-citizen is eligible for a residence permit.
Projects approved by the Economic Development Board include
Smart City Certificate Holders:
- Savannah Smart City Ltd
- Cap Tamarin Smart City
- Uniciti (Medine Smart City)
- Moka City Ltd
- Saint Felix Smart City Ltd
- Jin Fei Smart City
- Beau Plan Smart City
- Mon Choisy Smart City
- Hermes Properties Ltd
- Azuri Smart City Company Ltd
- Yihai Investment Ltd
- Royal St Louis Development Ltd
- New Montebello Development Ltd
- Cote D’or Data Technology Park
- Ferney Development Ltd