Considering obtaining an exec condo, however not sure of the procedure? Feel confident, you’re not the just one.
Prior to you dig in, simply a fast note: this write-up takes care of acquiring an exec condo from a programmer. If you’re purchasing from a proprietor outdoors market, the procedure corresponds getting an exclusive condo (though limitations use if you’re acquiring as an non Singaporean, this included Permanent Residents).
An exec condo is typically called a sort of crossbreed real estate– consider it as the government-sanctioned spawn of a HDB level and also a personal condo that’s’s acquired the streamlined functions of a condo (such as common centers like a pool as well as health club), however with the possession limitations of its 2nd moms and dad, the HDB.
To certify, all candidates have to go to the very least 21 years of ages (35 years if you’re using under the Joint Songs System). Among you should likewise be a Singapore Resident, with at the very least another candidate being either a Singapore Resident or Permanent Citizen.
Lighten and also allow us do the hefty (intellectual) training for you with our detailed overview of buying your personal exec condo.
Furthermore, your consolidated gross regular monthly family revenue could not go beyond $14,000, plus, you’ll be needed to drop under among the complying with HDB qualification plans:
Public Scheme Plan
Fiancé/ Wife or Husband to be
Joint Single Scheme
For detail of the scheme available, do visit www.parclife.net for a full write up.