You have probably discovered out about the rise in Singapore’s property prices coinciding associated with acceleration of the environment. You have also probably heard that because of the changes in various housing rules, acquiring property within Singapore has become easier for those purchasing domestically and from foreign locations.
Condos are especially a popular choice of foreign buyers. Singapore authorities used to have a rule in which another buyer could only purchase an apartment in a building higher than six stories and the apartment had to be considered a condominium. This rule no longer applies, but has not interfered with condo sales within buildings in the area.
Yet to purchase an apartment as a result of what’s called Executive Condominium projects (EC), you must be a Singapore citizen or resident and the purchase have to take place anywhere between the sixth and tenth year from the date the Temporary Occupation Permit was granted. Any foreigners or corporate bodies who are not permanent residents of Singapore are not eligible to obtain an EC. But the good news is that if you can easily foreigner or part of the corporate body, you can purchase an EC if might be in its eleventh year from the date the Temporary Occupation Permit was issued.
So if you are a permanent citizen clearly corporate body who would like to purchase an EC, the appropriate action is to locate the developer in that particular area to receive the information you need to make your pay. If you are a foreigner or corporate body wanting to purchase an EC, you should also check with the developer in region you are considering so that you may find what ECs are in their eleventh year and beyond.
But if you will want a good condo, discover go the EC route or can perform look into apartments and condos that have apartments that are considered condos. It more or less depends on your citizenship, if you might be part of a corporate body that has relocated in Singapore, or Jade scape what associated with money you wish to spend. Although property prices within Singapore have seen a rise, that rise is due on the demand and success of the economy, which cannot be overlooked. These successes have resulted in the successful real estate market that involves anything from homes to the perfect condo, so make sure you look into purchasing property in Singapore if you are relocating domestically or relocating abroad.