You have probably discovered out about the rise in Singapore’s property prices coinciding this acceleration of the economy. 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 Jade scape 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 complexes.
Yet to purchase a rental as a result of what’s called Executive Condominium projects (EC), you must be 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 purchase an EC. But tips on you that if you can be a foreigner or part of a corporate body, you can purchase an EC if it is in its eleventh year from the date the Temporary Occupation Permit was issued.
So if you’re permanent citizen clearly corporate body who wishes to purchase an EC, the appropriate action is to locate the developer during this particular area to obtain the information you must make your purchase. If you are a foreigner or corporate body attempting purchase an EC, you should also check with the developer in region you are interested in so that you will notice that what ECs have a their eleventh year and beyond.
But if you want a good condo, you will go the EC route or a person look into apartments or condos that have apartments that are considered condos. It roughly depends on your citizenship, if a person part of a business body that has relocated in Singapore, or what associated with money you wish 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 residential properties to the perfect condo, so be certain to look into purchasing property in Singapore if you are relocating domestically or relocating abroad.