You have probably discovered 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 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 classified as a condominium. This rule no longer applies, but has not interfered with Jade scape condo sales within properties.

Yet to purchase a high-rise apartment as a result of what’s 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 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 something like a corporate body, you can obtain an EC if it is in its eleventh year from the date the Temporary Occupation Permit was issued.

So if you are permanent citizen or even perhaps 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 pay. If you are a foreigner or corporate body attempting purchase an EC, you should also check with the developer in find out what you are considering so that you might find what ECs will be their eleventh year and beyond.

But if you’ll need a good condo, you could go the EC route or purchase look into apartment buildings that have apartments that are classified as condos. It more or less depends on your citizenship, if you might be part of a corporate body that has relocated in Singapore, or what type of money you definitely will 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 within 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.