You have probably heard about the rise in Singapore’s property prices coinciding this 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 locations.

Condos are especially a favorite of foreign buyers. Singapore authorities used to have a rule in which another 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 Jade scape condo sales within properties.

Yet to purchase a high-rise apartment as a result of what is called Executive Condominium projects (EC), you must be described as 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 to obtain an EC. But strategies for that if you tend to be a foreigner or part of some 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 a 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 receive the information you need to make your obtain. If you are a foreigner or corporate body seeking purchase an EC, you should also check with the developer in where you reside you are contemplating about so that you might find what ECs is going to be their eleventh year and beyond.

But if you will want good condo, may refine go the EC route or a person look into apartment buildings that have apartments that are classified as condos. It essentially depends on your citizenship, if an individual part of a company body that has relocated in Singapore, or what type of money you wish to spend. Although property prices within Singapore have seen a rise, that rise is due to the demand and success of the economy, which cannot be overlooked. These successes have resulted in the 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.