You have probably heard about the rise in Singapore's property prices coinciding associated with acceleration of the markets. 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 usa.
Condos are especially a favorite 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 Jade scape condo sales within constructs.
Yet to purchase a high-rise apartment as a result of what is called Executive Condominium projects (EC), you must include of 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 the good news is that if you can be a foreigner or part of a corporate body, you can find an EC if can in its eleventh year from the date the Temporary Occupation Permit was issued.
So if you are a permanent citizen or even perhaps a corporate body who wishes to purchase an EC, the appropriate action is to locate the developer during this particular area to obtain the information you must make your obtain. If you are a foreigner or corporate body eager to purchase an EC, you should also check with the developer in designed you are interested in so that you may find what ECs will be their eleventh year and beyond.
But if you will want a good condo, may refine go the EC route or you're able to look into apartments or condos that have apartments that are considered condos. It more or less depends on your citizenship, if happen to be part of a company body that has relocated in Singapore, or what form of money you wish 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 in a successful real estate market that involves anything from homes to the perfect condo, so be sure to look into purchasing property in Singapore if you are relocating domestically or relocating abroad.