A number of listed World Heritage locations such as George Town, Penang and Casco Viejo, Panama have struggled to strike the
balance between the
economic benefits of catering to greatly increased visitor numbers and
preserving the original culture and local communities that drew the recognition.
The Residential Property Act (RPA) strikes a
balance between ensuring that the limited supply of landed residential properties in Singapore remains the primary
preserve of Singapore Citizens, whilst allowing selected foreigners who have demonstrated social commitment and are making a significant
economic contribution to Singapore to also own landed homes.