You have probably discovered the rise in Singapore’s property prices coinciding associated with 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 in the area.
Yet to purchase a high-rise apartment as a result of what is called Executive Condominium projects (EC), you must be described as a Singapore citizen or resident and the purchase must take place anywhere between the sixth and tenth year from the date the Temporary Occupation Permit was granted. Any foreigners or corporate bodies who aren’t permanent residents of Singapore are not eligible purchase an EC. But tips on you that if you can easily foreigner or part of some corporate body, you can buy an EC if it is in its eleventh year from the date the Temporary Occupation Permit was issued.
So if you are a permanent citizen perhaps corporate body who would like to purchase an EC, the appropriate action is to locate the developer during this particular area to receive the information you need to make your order. If you are a foreigner or corporate body eager to purchase an EC, you should also check with the developer in the area you are contemplating about so that you may find what ECs will be their eleventh year and beyond.
But if you want a good condo, you could go the EC route or you can look into apartments or condos that have apartments that are considered condos. It extremelyincredibly depends on your citizenship, if you are part of a corporate body that has relocated in Singapore, or what involving money you would like to spend. Although property prices within Singapore have seen a rise, that rise is due to the demand Jade scape and success of the economy, which cannot be overlooked. These successes have resulted within a successful real estate market that involves anything from residential properties to the perfect condo, so make sure to look into purchasing property in Singapore if you are relocating domestically or relocating abroad.