You have probably observed the rise in Singapore’s property prices coinciding that’s not a problem 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 locations.
Condos are especially common 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 complexes.
Yet to purchase a high-rise apartment as a result of what is called Executive Condominium projects (EC), you must deemed 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 are not 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 the corporate body, you can acquire an EC if can in its eleventh year from the date the Temporary Occupation Permit was issued.
So if you are permanent citizen clearly corporate body who wishes to purchase an EC, the appropriate action is to locate the developer since particular area acquire the information you need to make your purchase. If you are a foreigner or corporate body eager to purchase an EC, you should also check with the developer in the area you are interested in so that you may 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 you can look into apartment buildings that have apartments that are classified as condos. It more or less depends on your citizenship, if an individual part of a corporate body that has relocated in Singapore, or what type of money you would like 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 within a successful real estate market that involves anything from homes to the perfect condo, Jade scape so make sure you look into purchasing property in Singapore if you are relocating domestically or relocating abroad.