Condos in Singapore is an inviting place for foreigners

1. Condos in Singapore is an inviting place for foreigners Many of us need to stay far from our homeland for our job or business purposes, now if you are in Singapore for your occupation purposes, then you need to search for a place for a pleasant stay. As Singapore government developed, one of the smartest housing concepts across the planet, with their HDB flats they are providing the cheapest possible accommodation for the citizens. So this might not be applicable for you, as you are not a native of Singapore, but that’s not the only option, the condominium or condos of Singapore are other suitable option, which is much more inviting than the public housings, also you can find it within the popular parts of the city. So, searching for a condo is not a tough job, you can find the options easily by yourself or you can engage a real estate agent for some more options or close the deal faster with the best options available as per current scenario. There are vast options of condos for sale in Singapore are available as per the recent growth of the real estate market, to scale the availability as per demand. The beginning of the house Hunt: Now purchasing a house is much more hectic than purchasing any other things, so you need to be much more watchful about the checkpoints of condos for purchase in Singapore, which begins with its location. Assuming you are in Singapore, mainly for your occupation purpose, so you always try to stay close from your work station, so first, you need to check the location for your prospect house. Plan your house: Now for having a pleasant stay you need to do elaborated planning regarding many points, such as; budget, requirements, the status of the property, interior, internet connection availability etc. So you need to plan your house accordingly. Here the support of a professional real estate agent can help you much to accomplish all the requirements for purchasing a condo in Singapore with ease. As there is a couple of options are available for condos in Singapore, so you need to update with their details; i) New launch condos: For purchasing a new launch condominium in Singapore, is a time taking procedure, you need to speculate your home when you fill for the ‘Intend to Buy’ option. After finding a prospect home, there is some other decorum, you need to follow, you need to sign up for a new BTO (Build-To-Order) process that will be available in the next 3-5 years, so for this process, the buyer needs to wait for that time span. Also, this will be brand new, so there is nothing to check regarding the interior and cable connections. ii) Resale condos: Also, resale units are also available in a wide option, as the owner of condos can sell out their property to the foreigners, but before purchasing you need to check the status of the interior, which includes the status of wall paints, floor, cable connections, and other requirements. Here assistance of a property agent can be helpful as they pose the best knowledge regarding the property market.

2. Choose a condo from the enlisted options: There are several directories are available for condos with their details and price, and detailed surfing is required, now you can to do it yourself or hire a professional property agent to aid you. As condos are comparable in design and facilities as they are developed and sold by private developers. Also, there are other facilities, as, after the initial 5 years, you are allowed to sell your condo to Singaporeans. Foreigners can also purchase a condominium after 10 years, so then all the conditions are lifted and you can make a better profit out of it. So after detailed checking, you can go ahead to the next step, if all other factors are matching the requirements. Book the chosen condo: This includes the legal procedures, so engaging a legal advisor might be helpful in this matter, as there are multiple ownership restrictions as stated in the Residential Property Act and it is highly regulated by the Singapore Land Authority, so you need to go through it while continuing with the booking procedure. Also here some documentation is required and also you need to fill the required fees and taxes for your purchase procedure. Option to Purchase (OTP) process completion: After you book the unit for purchase, the owner or developer of condos needs to grant you Option to Purchase (OTP) and then you can go ahead to complete the purchasing process. This step involves the completion stages like finalizing documents, which are signed by buyer and seller The lawyer will then arrange documents transferring the title of the property, and ensure the sale is registered properly, after that the final stage or handing over the keys. Conclusion: You might not be in your homeland, but still you can opt for a pleasant stay by purchasing a condo, as it is a smart and inviting place to stay with attractive designs, so here we mentioned some important points you need to remind before selecting a new or resale condo for sale in Singapore, which you can accomplish by yourself and after that you will gain the satisfaction of having a home in a foreign place.