In search of Great Property in Singapore? Try a Condo

You have probably discovered the rise in jade scape singapore‘s property prices coinciding this 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 globe.

Condos are especially a popular choice of foreign buyers. Singapore authorities used to have a rule in which a different 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 constructs.

Yet to purchase a condo as a result of what is 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 aren’t permanent residents of Singapore are not eligible purchase an EC. But authorities that if you can be a foreigner or part of the corporate body, you can obtain an EC if it is in its eleventh year from the date the Temporary Occupation Permit was issued.

So if you happen to be permanent citizen clearly corporate body who would like to purchase an EC, the appropriate action is to locate the developer in that particular area acquire 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 region you are interested in so that you may find what ECs have a their eleventh year and beyond.

But if you want a good condo, you will go the EC route or can perform look into apartments or condos that have apartments that are classified as condos. It essentially depends on your citizenship, if an individual part of a corporate 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 on the demand and success of the economy, which cannot be overlooked. These successes have resulted in a successful real estate market that involves anything from residential properties to the perfect condo, so be sure to look into purchasing property in Singapore if you are relocating domestically or relocating abroad.