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On the lookout for Great Property in Singapore? Try a Condo

You have probably discovered the rise in Singapore's property prices coinciding with the acceleration of the economy. 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 usa.

Condos are especially common 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 condo sales within buildings.

Yet to purchase a condo as a result of what is called Executive Condominium projects (EC), you must consist Singapore citizen or resident and the purchase have eto 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 strategies for that if you tend to be a foreigner or part of a corporate body, you can purchase an EC if it is in its eleventh year from the date the Temporary Occupation Permit was issued.

So if you happen to be permanent citizen or a corporate body who wishes to purchase an EC, the appropriate action is to locate the developer in that particular area to obtain the information you must make your purchase. If you are a foreigner or corporate body seeking purchase an EC, you should also check with the developer in region you are interested in so that you may find what ECs are in their eleventh year and beyond.

But if you'll need a good Jade scape condo, may refine go the EC route or you can look into apartment buildings that have apartments that are considered condos. It more or less depends on your citizenship, if you are 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 towards 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 certain to look into purchasing property in Singapore if you are relocating domestically or relocating abroad.