You have probably observed the rise in Singapore's property prices coinciding this acceleration of the current economic condition. You have also probably heard that as a result of changes in various housing rules, acquiring property within Singapore has become easier for those purchasing domestically and from foreign locations.
Condos are especially a hit 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 considered a condominium. This rule no longer applies, but has not interfered with condo sales within buildings.
Yet to purchase a rental as a result of what's called Executive Condominium projects (EC), you must be described as a 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 to purchase an EC. But the good news is that if you are a foreigner or part of something like a corporate body, you can find 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 during this particular area to receive the information you must make your obtain. If you are a foreigner or corporate body wanting to purchase an EC, you should also check with the developer in where you reside you are contemplating about so that you should find what ECs will be their eleventh year and beyond.
But if you will want a good condo, discover go the EC route or can perform look into apartments that have apartments that are classified as condos. It kind of depends on your citizenship, if you are part of a company body that has relocated in Singapore, or what kind of money you would like to spend. Although property prices within Singapore have seen a rise, that rise is due into the 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 Jade scape condo, so be sure to look into purchasing property in Singapore if you are relocating domestically or relocating abroad.