You have probably discovered the rise in Singapore’s property prices coinciding this acceleration of the current economic condition. You have also probably heard that as a result of 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 possess a rule in which another buyer could only purchase an apartment in a building higher than six stories and the apartment had to be classified as a condominium. This rule no longer applies, but has not interfered with condo sales within complexes.
Yet to purchase an apartment 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 got 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 obtain an EC. But strategies for that if you is a foreigner or part of the corporate body, you can obtain 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 or a corporate body who wishes to purchase an EC, the appropriate action is to locate the developer in that particular area to receive the information it is advisable to make your order. If you are a foreigner or corporate body aiming to purchase an EC, you should also check with the developer in the area you are considering so that you might find what ECs will be their eleventh year and beyond.
But if you will want good condo, discover go the EC route or purchase look into apartment buildings that have apartments that are classified as condos. It more or less depends on your citizenship, if happen to be part of a corporate body that has relocated in Singapore, or what kind of 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 a successful real estate market that involves anything from homes to the perfect condo, so make sure to look into purchasing property in Singapore if you are relocating domestically or relocating abroad.