Skip to content

Interested in Great Property in Singapore? Try a Condo

You have probably discovered 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 a favorite of foreign buyers. Singapore authorities used to have a rule in which another 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 properties.

Yet to purchase a rental as a result of what is called Executive Condominium projects (EC), you must be 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 aren't permanent residents of Singapore are not eligible in order to an EC. But authorities that if you is a foreigner or part of a corporate body, you can find an EC if might be in its eleventh year from the date the Temporary Occupation Permit was issued.

So if you are permanent citizen perhaps corporate body who wishes to purchase an EC, the appropriate action is to locate the developer during this particular area acquire the information you'll want to make your expense. If you are a foreigner or corporate body attempting purchase an EC, you should also check with the developer in the area you are considering so that you will notice that what ECs have a their eleventh year and beyond.

But if you will want a good condo, you can go the EC route or a person look into apartment buildings that have apartments that are classified as condos. It extremelyincredibly depends on your citizenship, if you are part of a company body that has relocated in Singapore, or Jade scape what associated with money you would like 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 from a successful real estate market that involves anything from homes to the perfect condo, so make sure you look into purchasing property in Singapore if you are relocating domestically or relocating abroad.