You have probably known the rise in Singapore’s property prices coinciding with the 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 from foreign usa.
Condos are especially a popular choice of foreign buyers. Singapore authorities used to possess 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 buildings.
Yet to purchase a condo as a result of what’s called Executive Condominium projects (EC), you must consist 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 aren’t permanent residents of Singapore are not eligible obtain an EC. But authorities that if you can be a foreigner or part of some corporate body, you can acquire an EC if might be in its eleventh year from the date the Temporary Occupation Permit was issued.
So if you might be a permanent citizen or a corporate body who wishes to purchase an EC, the appropriate action is to locate the developer in that particular area to obtain the information you must make your purchase. If you are a foreigner or corporate body eager to 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 want a good Jade scape condo, you will go the EC route or you can 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 kind of money you are willing to spend. Although property prices within Singapore have seen a rise, that rise is due to 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 homes to the perfect condo, so be certain to look into purchasing property in Singapore if you are relocating domestically or relocating abroad.