In Singapore, housing is known as condominiums. The first was constructed in 1994. When private developers design executive condominiums Singapore, they include basic amenities such as swimming pools, clubs, playgrounds, and security. Private houses cost less than executive condos. Because the Singaporean government provides the land where the house is constructed. So, the rules are simple for the house owner to understand. You can see Grand Dunman price for more information.
In order to buy a home from a developer you will need to live there for at least 5 years. Basically, for the first five years following purchase you won’t be allowed to sell or rent your home. The property cannot be sold to foreign investors even after five-year period. It can only be given to a local Singaporean. To sell the property to foreigners, it must be kept under your personal custody for a period of at least 10 years. You may be wondering about the advantages to owning a condominium executive in Singapore.
Spending less on an executive condo allows you to enjoy all the benefits of owning a property in Singapore.
Singapore Government provides financial assistance when purchasing executive condos. This will allow you to budget for the interest that is due on your loan repayment. So, you can save up money for unexpected expenses. New launches of property are plentiful. Choose the one that best suits your family.
A house is a huge investment and you will have spent years of saving to get it. When you buy executive condos, you can use the money to pay for future expenses. Your child’s college education can be saved for or you could save up for your retirement.
An executive condominium is a great way to ensure a tension-free life. The future is not tension free if you just relax. Singapore will provide financial assistance to those who buy executive condos, provided they have jobs.
They are located within an enclosed compound that provides residents with the necessary security.
In executive condos, your children can play in parks. Swim a few laps and unwind in your swimming pool after you get home from work. Many units are available in this kind of condominium. This allows you to make new friends while spending time at the clubhouse.
When you’re not sure of the rules, or don’t have enough time to look for the best executive condominiums Singapore on your own, you can seek the help of reputable companies offering real estate services. The companies will have the latest information regarding all properties that are being built in Singapore. Your budget and need can be discussed with an expert at the firm. Team members will assess your needs and with their expertise, help you to select the most suitable property.