«

»

Oct 15

In search of Great Property in Singapore? Try a Condo

You have probably discovered the rise in Singapore’s property prices coinciding that’s not a problem acceleration of the markets. 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 locations.

Condos are especially a hit of foreign buyers. Singapore authorities used to possess a rule in which a distant 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 include of a Singapore citizen or resident and the purchase have eto 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 to obtain an EC. But the majority of that if you tend to be a foreigner or part of some corporate body, you can obtain an EC if can in its eleventh year from the date the Temporary Occupation Permit was issued.

So if you are permanent citizen or even perhaps a corporate body who would like to purchase an EC, the appropriate action is to locate the developer during this particular area obtain the information you’ll want 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 region you are contemplating about so that you may find what ECs will be their eleventh year and beyond.

But if you will want good condo, may refine go the EC route or can perform look into apartments or condos that have apartments that are classified as condos. It essentially depends on your citizenship, if an individual part of a corporate body that has relocated in Singapore, or what associated with money you would like 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 within 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 Jade scape relocating abroad.