You have probably observed the rise in Singapore’s property prices coinciding this 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 countries.
Condos are especially a popular choice of foreign buyers. Singapore authorities used to have a rule in which a foreign 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 in the area.
Yet to purchase a rental as a result of what is called Executive Condominium projects (EC), you must deemed a jade scape 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 tips on you that if you are 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 happen to be permanent citizen or even perhaps a corporate body who would like to purchase an EC, the appropriate action is to locate the developer for that particular area for the information you’ll want to make your order. If you are a foreigner or corporate body seeking purchase an EC, you should also check with the developer in designed you are contemplating about so that you might find what ECs is going to be their eleventh year and beyond.
But if you want a good condo, you will go the EC route or you can look into apartments or condos that have apartments that are considered condos. It essentially depends on your citizenship, if you are part of a corporate body that has relocated in Singapore, or what kind of money you capable spend. Although property prices within Singapore have seen a rise, that rise is due to your demand 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 be certain to look into purchasing property in Singapore if you are relocating domestically or relocating abroad.