Looking for Great Property in Singapore? Try a Condo

You have probably discovered out about the rise in Singapore’s property prices coinciding this 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 gets.

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 buildings in the area.

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 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 aren’t permanent residents of Singapore are not eligible to obtain an EC. But authorities that if you can easily 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 might be a permanent citizen or even perhaps a corporate body who wants to purchase an EC, the appropriate action is to locate the developer simply because particular area for 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 where you reside you are considering so that you might find what ECs reside in their eleventh year and beyond.

But if you will want good Jade scape condo, you will go the EC route or you can look into apartment buildings that have apartments that are considered condos. It kind of depends on your citizenship, if happen to be part of a company body that has relocated in Singapore, or what type of money you are willing 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 be certain to look into purchasing property in Singapore if you are relocating domestically or relocating abroad.