You have probably known 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 hit of foreign buyers. Singapore authorities used to have a rule in which a far off 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 buildings.
Yet to purchase an apartment as a result of what is called Executive Condominium projects (EC), you must consist Singapore citizen or resident and the purchase will need to pass 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 tips on you that if you are a foreigner or part of some corporate body, you can acquire an EC if it is in its eleventh year from the date the Temporary Occupation Permit was issued.
So if you are permanent citizen perhaps corporate body who wants to purchase an EC, the appropriate action is to locate the developer since particular area to receive the information you need to make your expense. If you are a foreigner or corporate body seeking purchase an EC, you should also check with the developer in region you are seeking so that you should find what ECs is going to 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 apartment buildings that have apartments that are considered condos. It essentially depends on your citizenship, if happen to be part of a company body that has relocated in jade scape singapore, or what associated with money you are willing 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 from a 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.