Looking for Great Property in Singapore? Try a Condo

You have probably known the rise in Singapore’s property prices coinciding with the 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 a popular choice of foreign buyers. Singapore authorities used to have a rule in which a distant 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 an apartment 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 are not permanent residents of Singapore are not eligible purchase an EC. But authorities that if you tend to be a foreigner or part of the corporate body, you can purchase an EC if might be in its eleventh year from the date the Temporary Occupation Permit was issued.

So if you happen to be permanent citizen or perhaps a corporate body who wants to purchase an EC, the appropriate action is to locate the developer simply because particular area to obtain the information you must make your expense. 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 contemplating about so that you will notice that what ECs have a their eleventh year and beyond.

But if you’ll need a good condo, you will go the EC route or purchase look into apartments that have apartments that are considered condos. It more or less depends on your citizenship, if a person part of a corporate 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 towards 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 make sure to look into purchasing property in Singapore if you are relocating domestically or Jade scape relocating abroad.