You have probably heard about the rise in Singapore’s property prices coinciding with the acceleration of the current economic condition. 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 gets.
Condos are especially a favorite 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.
Yet to purchase a condo as a result of what is called Executive Condominium projects (EC), you must deemed a jade scape 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 purchase an EC. But the good news is that if you tend to be a foreigner or part of the corporate body, you can acquire an EC if is in its eleventh year from the date the Temporary Occupation Permit was issued.
So if you are a permanent citizen or even perhaps a corporate body who wants to purchase an EC, the appropriate action is to locate the developer in that particular area to receive the information you’ll want 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 the area you are seeking so that you might find that what ECs is going to be their eleventh year and beyond.
But if you’ll need a good condo, discover go the EC route or you can look into apartments and condos that have apartments that are classified as condos. It kind of depends on your citizenship, if a person part of a business body that has relocated in Singapore, or what type of money you capable spend. Although property prices within Singapore have seen a rise, that rise is due towards demand and success of the economy, which cannot be overlooked. These successes have resulted within a successful real estate market that involves anything from homes to the perfect condo, so be sure to look into purchasing property in Singapore if you are relocating domestically or relocating abroad.