Trying to find Great Property in Singapore? Try a Condo

You have probably heard about the rise in 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 foreign 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 buildings in the area.

Yet to purchase a flat as a result of what’s called Executive Condominium projects (EC), Jade scape you must include of a Singapore citizen or resident and the purchase have got 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 in order to an EC. But the good news is that if you tend to be a foreigner or part of something like a corporate body, you can purchase an EC if is in its eleventh year from the date the Temporary Occupation Permit was issued.

So if you are a permanent citizen or a corporate body who wants to purchase an EC, the appropriate action is to locate the developer since particular area to obtain the information you’ll want to make your purchase. If you are a foreigner or corporate body aiming to purchase an EC, you should also check with the developer in where you reside you are considering about so that you may find what ECs reside in their eleventh year and beyond.

But if you’ll need a good condo, you could go the EC route or you can look into apartments that have apartments that are considered condos. It kind of depends on your citizenship, if you are part of a business body that has relocated in Singapore, or what associated with money you capable spend. Although property prices within Singapore have seen a rise, that rise is due to your demand and success of the economy, which cannot be overlooked. These successes have resulted in the 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.