Looking for Great Property in Singapore? Try a Condo
You have probably heard about the rise in Singapore’s property prices coinciding the brand new acceleration of the environment. 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 usa.
Condos are especially common 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 flat as a result of what’s called Executive Condominium projects (EC), you must be 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 are not permanent residents of Singapore are not eligible to obtain an EC. But authorities that if you can easily foreigner or part of some corporate body, you can purchase an EC if can in its eleventh year from the date the Temporary Occupation Permit was issued.
So if you might be a permanent citizen perhaps corporate body who would like to purchase an EC, the appropriate action is to locate the developer in that particular area acquire the information you must 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 considering so that you might find what ECs will be their eleventh year and beyond.
But if you will want a good condo, may refine go the EC route or can perform look into apartments and condos that have apartments that are considered condos. It kind of depends on your citizenship, if you are part of a business body that has relocated in Singapore, or what type of money you wish to 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 in a successful real estate market that involves anything from homes to the perfect Jade scape condo, so be sure to look into purchasing property in Singapore if you are relocating domestically or relocating abroad.