You have probably discovered the rise in Singapore’s property prices coinciding with the 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 usa.
Condos are especially well-liked 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 classified as a condominium. This rule no longer applies, but has not interfered with condo sales within constructs.
Yet to purchase a flat as a result of what’s called Executive Condominium projects (EC), you must include of 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 tips on you that if you tend to be a foreigner or part of a corporate body, you can buy an EC if is in its eleventh year from the date the Temporary Occupation Permit was issued.
So if you happen to be permanent citizen perhaps corporate body who would like to purchase an EC, the appropriate action is to locate the developer in that particular area to obtain the information it is advisable to make your expense. If you are a foreigner or corporate body seeking purchase an EC, you should also check with the developer in designed you are seeking so that you may find what ECs have a their eleventh year and beyond.
But if you will need a good Jade scape condo, may refine go the EC route or purchase look into apartments that have apartments that are classified as condos. It roughly depends on your citizenship, if you are part of a corporate body that has relocated in Singapore, or what type of money you are willing to 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 in a successful real estate market that involves anything from residential properties to the perfect condo, so make sure to look into purchasing property in Singapore if you are relocating domestically or relocating abroad.