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 Jade scape those purchasing domestically and from foreign globe.

Condos are especially well-liked of foreign buyers. Singapore authorities used to have a rule in which a far off 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.

Yet to purchase a rental as a result of what’s called Executive Condominium projects (EC), you must be 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 authorities that if you can easily foreigner or part of a corporate body, you can buy an EC if is certainly in its eleventh year from the date the Temporary Occupation Permit was issued.

So if you’re permanent citizen clearly corporate body who wishes to purchase an EC, the appropriate action is to locate the developer since particular area acquire the information you need to make your expense. If you are a foreigner or corporate body wanting to purchase an EC, you should also check with the developer in find out what you are seeking so that you should find what ECs will be their eleventh year and beyond.

But if you will want good condo, discover go the EC route or a person look into apartment buildings that have apartments that are considered condos. It kind of depends on your citizenship, if you might be part of a corporate body that has relocated in Singapore, or 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 in the successful real estate market that involves anything from homes to the perfect condo, so be certain to look into purchasing property in Singapore if you are relocating domestically or relocating abroad.