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Buying Property In Singapore

Singapore is an ideal place for both worlds; East and West. This is the reason why Singapore is the destination of choice for Chinese and another Asian ex-pat, who wanted their children to get the best education, but still rooted and close to their culture. Here are some of the highlights to be kept in mind when buying a property in Singapore. If you are looking for Pullman residences project details then you are at the right place.

Buying Property In Singapore

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• Foreigners in Singapore can buy non-landed properties without prior approval of the government. This rule is a result of the entry into force in 2005 that prohibits foreigners from buying a property in the lower apartment blocks of six floors or come under the category of condominiums.

• They are also restricted from buying an HDB shop, a house directly from HDB HDB, HDB resale flat approved by HDB, and condos was purchased under the Executive Condominium Housing Scheme 1996.

• Fixed or PR Residents are allowed to purchase HDB flat directly from HDB, provided they form the nucleus of families with Singapore citizens. Pr cans also buy HDB flat from the resale market; give them ask at least one occupier as a Singapore citizen or PR.

• As for the property under the Executive Condominium Scheme, PR is allowed to buy property in the projects that are in their sixth to the tenth year of the Temporary Occupation Permit or TOP. As for foreigners and legal entities; they can buy property EC only after the eleventh year of TOP.