On the lookout for Great Property in Singapore? Try a Condo
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 common of foreign buyers. Singapore authorities used to possess a rule in which a different 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.
Yet to purchase an apartment as a result of what is called Executive Condominium projects (EC), you must deemed a jade scape singapore citizen or resident and the purchase have to 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 purchase an EC. But the majority of that if you can easily foreigner or part of the corporate body, you can find an EC if is certainly in its eleventh year from the date the Temporary Occupation Permit was issued.
So if you are permanent citizen or a corporate body who wants to purchase an EC, the appropriate action is to locate the developer in that particular area to obtain 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 find out what you are interested in so that you might find what ECs have a their eleventh year and beyond.
But if you want a good condo, you will go the EC route or you can look into apartments 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 kind of money you definitely will 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 the successful real estate market that involves anything from homes to the perfect condo, so be sure to look into purchasing property in Singapore if you are relocating domestically or relocating abroad.
