Requirements for Owning Executive Condominiums in Singapore

Purchasing an Executive Condominium or EC in Singapore can be a great idea as it offers great living conditions at extremely reasonable prices.The ECs in the city are some residential properties that are developed by the housing authority of Singapore (the Housing and Development Board or HDB) for the citizens of the city. These properties can be privatized after a period of 10 years, after which the values of these properties rise significantly.

Moreover, these executive condominiums are also popular choices for people who are unable to afford the prices of regular residential condo units developed by private developers. After all, private residential condominiums in the city do come at a hefty price, and this price is often beyond the budgets of a large number of people with average incomes. There are, however, a number of requirements that need to be fulfilled by a person if they wish to own or purchase an EC in Singapore.

The most important thing that a person must note is that that an EC can only be purchased by a person who is a citizen of Singapore. Foreign nationals living in the city-state are not eligible to buy any kind of HDB properties, and even landed properties. Foreigners living in Singapore can only purchase and own HDB properties after they are privatized, and the privatization of the HDB properties can be done only after a local citizen has occupied the same property for at least 10 years.

In order to purchase or own an executive condominium in upcoming properties like the Signature at Yishun, a person would have to enter a balloting system. The people, whose names are drawn in the ballots, will be offered the chance to purchase the ECs. On the other hand, if there are EC units available in an already-constructed executive condominium-building, people can simply apply for a purchase depending upon their eligibility.

People applying for an EC purchase must have an average income of under $12,000 every month. People with higher salary or income structure are eligible to purchase the high-end ECs that usually come with 4 or 5 bedrooms. Salaried persons must produce the pay-slips for the latest 3 months for the verification of salary-structure. There are also a number of other financial requirements that need to be fulfilled in order to own ECs in complexes like the Signature at Yishun EC.

Executive condominiums can offer the lifestyle of private condominiums in the city, albeit at much lower costs. People eligible to purchase and own ECs must apply for one to enjoy quality life in Singapore.

Rewards Aplenty For Investors of Larger Apartments

The popularity of the current trend in the real estate industry of Singapore that involves the construction of residential properties in the upward direction has led to numerous condominium developments in the past decade or so. In fact, the rate of condominium development has gathered pace in the past few years owing to the increasing demands for residential properties in the city. This increase in the popularity is impacted by a number of factors and the interest for such properties is similar for investors as well as owners and occupiers.

The growing trend of apartment and condominium living also helps the government of Singapore to curb the housing demands of the sprawling population without a massive rise in the cost of infrastructure. The condominiums in the city allow people of the city to enjoy great connectivity to the important amenities of the city. Now, this not only allow people to live a comfortable and hassle-free life, but also enhances the economic conditions of the city as people can save money on traveling, and enhance their lifestyles in other ways. Condominiums also allow people to avail homes for their families without having to shell out millions and billions, thus offering cheaper housing solutions.

Benefits for owners and occupiers

For people who wish to occupy and live in condominiums like the North Park Residences Yishun Central, they get a home that requires very little maintenance along with extra security and a number of facilities. Moreover, owners of condominiums can also lease their properties in exchange of regular rent. Condominiums have great demand and appeal as rental properties due to their financial benefits as well as the high quality of life that they offer. Moreover, condo developers of today are also incorporating such designs in the development of condominium complexes which were previously only reserved for private houses. This has only helped to increase the demand for such properties.

Benefits for property investors

According to recent statistics, there is an increasing demand and preference for condominiums among the people of Singapore. The demand is most for the larger apartments, i.e. the 3-bedroom condominiums. Hence, investors will be able to find a lot of value in such properties. By making an investment in such a property in the new launch condominium Yishun, they will be able to create a way of generating a lot of income in the form of profits by selling the property at the right time.

Hence, residential condominiums in Singapore has a lot to offer to all interested parties.

Luxury Condos: The Luxurious Way of Getting Good Value for Money

If you are looking to make an investment in a residential property, it is your right to be choosy depending on your budget. After all, you are the person with the money! At the same time, you also need to be careful and plan the investment carefully so that you are able to milk out the best deal for your money. So, how to ensure that you are getting the best value for your money?

Well, a house is a very big investment (probably one of the biggest investments that you are ever going to make). You might either want to purchase a property to gift your family their own home after years of living in rental homes and apartments, or you might just want to invest on a residential property for some rental income or profit-on-sale. Either way, you need to purchase a property that will offer great luxury to the residents. Properties that do not offer much luxury might not be ideal for your family or the people looking to rent the property. Such properties also do not hold much value in resale markets.

Hence, the standards of luxury and comfort on offer should be your most important priority. Moreover, you also need to be close to the city so that you are able to access the basic amenities with ease, and do not have to travel for hours to get to them. At the same time, it is also important to be close to nature with some greenery and serenity in the surrounding. The best properties that fit bill in Singapore are the large number of luxury condominiums being developed in the city. Condominium projects like the North Park Residences Singapore have become the latest attraction in the city with a large number of people vying for the properties in these complexes.

The best aspect of these luxury condominiums is that they offer an exquisite and luxurious lifestyle to the residents within the vicinity of the city, and at the same time, do not cost as much as the private luxury homes in the city. Of course, the prices of these condominiums are more than that of the HDB apartments, but they are well within the budgets of most citizens of Singapore with an average annual income. Moreover, considering the standards of luxurious lifestyle offered by these condominiums, and the exquisite facilities on offer, the prices seem considerably reasonable and just. Hence, you should hurry and check the latest new launch condominium Yishun to purchase the condominiums that suit your requirements best!

Critical Steps to Follow to Own the Ideal Condo in Singapore

If you are a first-time home buyer in Singapore, there are a number of things that you need to worry about. Buying your first home in the city is not always easy with a wide variety of properties on offer. These residential properties often prove to be very tempting, but you need to be very careful about your choices as the property you buy will be home to you and your family until the next time you plan to invest in a house.

Moreover, residential properties in the city do not come cheap, which makes the purchases even more crucial as you might not be able to make another one in a long time to come. Therefore, you need to plan every move of the purchase so that you are able to make a fine investment and obtain the ideal home for your family. Discussed below are some crucial steps that you must follow in order to ensure that you end up investing your money in the right residential property to make it a home for your family.

• The first thing that you must do when investing in a residential property in the city is make a list of your needs and requirements from your home. In this list, you need to add the number of rooms that you need and the necessary facilities, distance from important landmarks in the city like your workplace, your children’s school, etc. This list will help you to select the best home for your family.
• Once you have made your list, you need to search for properties that offer the requisite services. You may or may not find properties that provide all the requisite items that you have on the list, and in case you are not able to find a property that provides them all, you can make compromises on the items that are of lesser importance. You can also make a list of all the properties that offer services according to your list.
• Once you have finalized your list of properties, take some time out of your busy schedules to take a look at these properties in person. This might cost you some valuable time, but the endeavor would be worth the efforts. You can also check new launches like the Bartley condo new launch in order to learn about new and upcoming projects in the city.

Once you have found the ideal property that provides you the facilities that you need, you will need to consult a real estate agent and get their help with the purchase of the condominium near Bartley MRT or any other location in the city. This will help you get the best deal with your investment.

Benefits of Booking a Luxury Condo in Singapore at the Time of Launch

The real estate market of Singapore is going crazy at the moment where new luxury condominium developments can be seen sprouting up on every available tract of land. The industry has been jolted with somewhat of a major setback in recent years, but this has not caused any dent in the ambitions of the many popular developers in the city. This has also not caused much impact on the sales ratio of luxury condominiums as developers continue to make innumerable sales in the city. In the current scenario, it seems that there is a condominium launch planned for every month.

Now, this is great news for the many property investors in the city as these frequent launches allow them the opportunity to make smart and measured investments after careful study and vigilant comparisons of the many residential properties on offer. While many people wait for the completion of a project to book their properties, many people prefer to book their luxury condos at the time of the launch. After all, launches take place much before the completion of the projects, and only offer buyers with an idea of what they would eventually receive. There are dummy models in place to help buyers envision the eventual project well-in-advance.

Now, this is often perceived as in comprehensive for buyers as they are unable to see their properties before making a purchase. Pre-completion launches, however, can be very beneficial to property investors through a financial perspective. By booking a luxury condo in popular projects like the Botanique at Bartley at the time of the launch, buyers can purchase a property at the current rates. Now, the prices of the properties are sure to rise as the construction progresses, and the property prices on completion are sure to be way more than the prices at the time of launch. Hence, booking a property at the time of the launch can be one of the best ways of cost-saving on the condominiums.

Mostly, developers in Singapore hold onto their promises, and manage to deliver properties as projected at the time of launch. On the other hand, if the developers fail to keep their word and deliver properties as promised, buyers have the right to file a claim against them in a court of law, and demand full refund. Hence, booking a luxury condominium in a Bartley condo new launch can be a great deal for investors and home-makers alike.

Why Should You Invest In A Luxury Condo In Singapore NOW?

The real estate market of Singapore has seen some great developments in the last decade with a large number of condominium complexes and luxury homes being developed around the city. This has opened up a large number of investment opportunities for the many real estate investors as well as the people looking to buy their first homes. With a variety of properties on offer, investors can find the perfect homes according to their needs and requirements. Sometimes, they would also be able to find residential properties that exceed their expectations and provide them with greater facilities than they require.

This has, however, also brought forward a challenging situation for the real estate market of Singapore. Due to the large number of condominium development projects taking place in the last decade as well as the others that are under development or in the planning process, there seems to be a surplus to the needs. Singapore now has a large number of properties that have not been purchased due to the surplus in real estate properties in the state-city. Moreover, the government of Singapore also has a few austere regulations in place that forbid foreigners from owning residential properties in the city very easily. These foreigners mostly have to be content with rental apartments and homes.

This, however, has brought forward a great opportunity for the many real estate investors in the city. Due to the surplus in the number of condominiums in the city, many condominium units in the city have remained unsold. Property developers of these projects have been forced to reduce the prices of these properties in the hopes that a reduced price might attract buyers. Hence, property prices in the city of Singapore are currently in the bottom half of what they have been in the past two decades. With the prices being as low as it currently is, this is the best time for real estate investors to invest their money on residential properties in the city like a luxury condominium in the North Park Residences Singapore.

By checking a new launch condominium Yishun and making an investment in a residential property in the present moment will help them to make tremendous amounts of profits when the market picks up. They, however, need to be very patient and wait for the most opportune moment to sell the property. This will help them to ensure great returns on their investments in the near future.

What Makes A Luxury Condo A Better Housing Option Than Private Homes?

Until a decade ago, most people in Singapore would have happily opted for a private home in the suburbs as their preferred choice of a home. Things have, however, changed in the last few years. With the great boom in the real estate industry of Singapore in the past decade, a large number of luxury condominiums have been developed in every corner of the city. These condominiums have now become the favourite among many people as their preferred choice of homes, as it offers them with similar luxury while also allowing them to stay within the vicinity of the city.

There have been multiple developments of condominium complexes in the past few years, with several structures sprawling the Singaporean skyline at the moment and many more planned for the coming years. If a person is looking to live within the vicinity of the city and have quick access to the many facilities that the city has to offer, they will find some of the finest luxury condominiums situated in the city. In case a person is looking to live away from the chaos of the city, they will also be able to find some beautiful luxury condominiums along the fringes of the main city, but with great connectivity to the city.

There are a number of reasons as why a person should opt for a luxury condominium instead of a private home. Some of these reasons have been discussed here.

• Luxury condominiums are much cheaper than single private homes. Buying a private home in the city of Singapore could cost a person twice or three times the price of a luxury condominium in the same region.
• Buying a private home will not help you avail the architecture and elegance of the big architects of Singapore, unless you willing to spend millions. A luxury condominium in complexes like the North Park Residences Singapore will help you to get superior architecture at inexpensive costs.
• Developing luxury amenities in private homes can be very expensive. On the other hand, luxury condominiums in the North Park Residences Yishun Central come with the finest luxurious amenities like community centers, gyms, swimming pools, etc. as well as staff for their maintenance that helps to reduce maintenance efforts.
• Location is one of the best aspects of luxury condominiums. Be it the center of the city or the quiet regions of the suburbs, luxury condominiums are available in abundance as per the requirements of the buyer.

There are several other reasons behind luxury condos being the preferred choice over private homes. It is now up to individuals as what they want.