Purchasing Property In Singapore

Singapore is a great place for anyone looking to get the best of both worlds; West and the East. This can be probably the reasons why Singapore is a preferred destination for expat Chinese and other Asians, who had enjoy their kids get the schooling that is best, yet stay rooted and close to their culture. Sentosa Cove is a virtual heart for expats who have made this gated community their home, in the deep sea marina. Actually, you'll find many reports that indicate that Singapore has become the third most popular destination for the rich Chinese. Here are several highlights to be considered when buying Seaside Residences Showflat location in Singapore.

* Foreigners in Singapore can purchase non landed properties (read flats and condominiums) without prior acceptance of the authorities. This rule is an outcome of an enactment in 2005 that barred foreigners from buying Seaside Residences Showflat location in apartment blocks which are come under the kind of condominiums or lower than six storeys. Yet they still need to get permission from the Singapore Land Authority to purchase landed properties like bungalows, semi-detached houses, and plots that were empty.
* They may also be restricted from buying a HDB shophouse, a HDB house straight from the HDB, a resale HDB a condominium which is bought under the Executive Condominium Housing Scheme of 1996, and flat which is accepted by the HDB. This scheme was introduced for individuals who wanted to purchase something better than a HDB flat, but could not manage to purchase private property. For the uninitiated, HDB is an acronym for Development and Housing Board- the public housing authority of Singapore, Singapore. The authorities of Singapore set up this, with an objective to help Singaporeans purchase quality home at reasonable costs.