You have probably known the rise in Singapore’s property prices coinciding that’s not a problem 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 globe.

Condos are especially a hit 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 considered a condominium. This rule no longer applies, but has not interfered with condo sales within complexes.

Yet to purchase a flat as a result of what’s called Executive Condominium projects (EC), you must deemed a Singapore citizen or Jade scape 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 aren’t permanent residents of Singapore are not eligible to obtain an EC. But tips on you that if you can be a foreigner or part of an corporate body, you can acquire an EC if it is in its eleventh year from the date the Temporary Occupation Permit was issued.

So if you’re permanent citizen perhaps corporate body who wishes to purchase an EC, the appropriate action is to locate the developer in that particular area for the information you must make your pay. If you are a foreigner or corporate body eager to purchase an EC, you should also check with the developer in designed you are considering about so that you might find what ECs have a their eleventh year and beyond.

But if you will need a good condo, you could go the EC route or purchase look into apartments that have apartments that are considered condos. It essentially depends on your citizenship, if happen to be part of a corporate body that has relocated in Singapore, or what form 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 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.