You have probably heard about the rise in Singapore’s property prices coinciding associated with acceleration of the monetary system. 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 favorite 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 is called Executive Condominium projects (EC), you must deemed 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 obtain an EC. But the majority of that if you are a 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 happen to be permanent citizen or perhaps a corporate body who would like to purchase an EC, the appropriate action is to locate the developer for that particular area for the information you’ll want to make your pay. If you are a foreigner or corporate body attempting purchase an EC, you should also check with the developer in where you reside you are seeking so that you will notice that what ECs reside in their eleventh year and beyond.

But if you want a good condo, you will go the EC route or you’re able to look into apartments and condos that have apartments that are considered condos. It essentially depends on your citizenship, Jade scape if you might be part of a business body that has relocated in Singapore, or what kind 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 in the successful real estate market that involves anything from residential properties to the perfect condo, so make sure you look into purchasing property in Singapore if you are relocating domestically or relocating abroad.