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Tesla Inc Chief Executive Officer Elon Musk has purchased company's shares worth $1 billion from the open market. He bought shares on Friday in multiple tranches and at different price points, according to a regulatory filing by the US electric car maker. It was his first purchase of the stock in the open market since February 2020 and Musk purchased around 2.57 million shares.Tesla shares were hovering around $417.95 around 7:04 AM ET (4:30 pm India time) and they had closed Friday at $395.94 apiece.Tesla shares have been in top action over a 1-year period, gaining by 75%.The company has been in news earlier this month as it said that it would ask shareholders to approve a new pay package for Musk that could be worth up to $975 billion based on various ambitious milestones.Moreover, a Class Action lawsuit has been filed against the company on behalf of investors who lost money as a result of alleged securities fraud between April 19, 2023 and June 22, 2025.Tesla is an American public company that designs, manufactures, and sells electric vehicles (EVs) and clean energy products like solar panels and battery storage. It was founded in 2003 and is named after inventor Nikola Tesla.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

Singapore has established itself as a key business and financial hub of the modern era, attracting professionals and investors from around the world. For Indians looking to invest in Singapore’s property market, buying a home requires careful planning and a clear understanding of the rules.While the city-state permits foreigners to purchase real estate, there are specific regulations and eligibility criteria that every prospective buyer, including Indians, must meet. Navigating these requirements is essential to ensure a smooth and legally compliant property purchase.ALSO READ: Is Singapore’s housing market turning into a magnet for foreigners?What you can buy and what you can’tYou’re considered a foreigner if you are not a Singapore Citizen, a Singapore company, a Singapore limited liability partnership or a Singapore association. As such, Singapore Permanent Residents (PRs) are also considered foreigners.What PRs (Permanent Residents) Can BuyWhat Non-PRs (Foreigners) Can BuyResale HDB flats (with another PR or Singaporean)Private condosResale executive condominiums (ECs) that have reached their Minimum Occupation Period (MOP)Private ECsPrivatised ECsLanded properties in Sentosa CovePrivate condosLanded properties (with special permission from Singapore Land Authority (SLA))Strata-landed homes–Landed properties in Sentosa Cove–Landed properties (with special permission from SLA)–Many Indians are used to living in what Singaporeans would call landed homes. So begs the question: can an Indian buy landed property in Singapore? The answer is Yes but only in certain areas and with special permission.ALSO READ: Singapore's Changi airport loses the crown. This is the world’s best airport in 2025Restrictions for buying private property in SingaporeYou will need to write to the Land Dealings Approval Unit and apply online on SLA’s website when looking to purchase the following:Vacant residential landTerrace houseSemi-detached houseBungalow/detached houseStrata landed house which is not within an approved condominium development under the Planning Act (e.g. townhouse or cluster house)Shophouse (for non-commercial use)The approval is on a case-by-case basis. Applicants stand a better chance if they can show proof that they have made an "exceptional economic contribution to Singapore”, as SLA puts it.Eligibility for buying propertyAs per a report by Property Guru, the eligibility criteria for PR and non-PR foreigners remain largely the same. Both PRs and non-Singapore PRs are restricted from buying new HDB flats such as Build-to-Order (BTO) and Sale of Balance Flats (SBFs) units as singles (you have to be married to a Singapore Citizen). Even then, a non-citizen spouse, or a spouse who is a foreigner and not an PR, can only be listed as an essential occupier and not a co-owner.1. If You’re a Non-PR Buying AloneYou can only buy private property or a privatised executive condominium (EC) that is more than 10 years old.2. If You’re an PR Buying AloneApart from new HDB flats, PRs can’t buy a resale HDB flat alone, and can only buy resale ECs that have reached their five-year MOP. Single PRs can buy private property if they wish.3. If You’re an PR Jointly Buying With Another PRA resale HDB flat (three years after obtaining your PR)A resale EC that is more than five years oldA privatised EC that is more than 10 years oldPrivate property4. If You’re an PR Buying With a Non-PRA resale EC that is more than five years oldA privatised EC that is more than 10 years oldPrivate property5. If You’re Jointly Buying as a Non-PR CoupleA privatised EC that is more than 10 years oldPrivate property6. If You’re Buying as a Singaporean-Foreigner Couple2-room Flexi BTO flat in non-mature estatesResale flat (except 3Gen and Prime flats)Private propertyWhen purchasing private property, foreigners or PRs married to a Singaporean do not need to pay Additional Buyer’s Stamp Duty (ABSD), provided they do not already own any residential property.For HDB flats, mixed-nationality couples have specific options. You may buy a 2-room Flexi BTO flat in non-mature estates (99-year lease) if you are at least 35 years old and earn below the $7,000 income ceiling. Alternatively, you can purchase most resale flats (excluding 3Gen and Prime Location Public Housing flats) if you are 21 or older. At the time of your resale flat application, your non-resident spouse must hold a valid Long Term Visit Pass or Work Pass of at least six months if they are 21+, or any valid Visit/Work Pass if they are 35+.When buying an HDB flat, you must submit your details to obtain the HDB Flat Eligibility (HFE) letter. This letter confirms your eligibility for an HDB flat, CPF Housing Grants, and HDB loan amounts.Procedures for buying property in SingaporeGet Pre-Qualified for a Home Loan Check how much you can afford using online calculators or by getting pre-qualified for a loan. This helps you understand how much banks may lend and sets a realistic budget before searching for property.Understand Taxes and Fees Foreigners must pay Additional Buyer’s Stamp Duty (ABSD) on top of Buyer’s Stamp Duty (BSD), while PRs pay different rates based on ownership. Certain nationalities may qualify for exemptions. Don’t forget legal and administrative fees when calculating costs.Browse Property Listings Explore available resale HDB flats, Executive Condominiums, and private condos. Consider location, nearby amenities, public transport, and commuting convenience when shortlisting properties.Hire a Property Agent Agents can help find properties, handle paperwork, and guide you through regulations. They usually charge around 1% of the purchase price for their services.Apply for a Bank Loan Foreign buyers can obtain up to 75% financing. Choose between fixed or floating rates and maintain sufficient savings (at least 12 months) to manage repayment risks.Make an Offer and Finalise the Purchase Once financing is ready and you’ve found your property, submit an offer. For HDB flats, use the HDB Flat Portal. For condos, pay option fees, secure financing, and complete the downpayment. Foreigners must pay the downpayment in cash, while PRs can use CPF savings combined with cash.