Singapore is an idealistic spot for those looking to make the best of both the East and the West. This is maybe the reason why Singapore is a favoured destination for expat Chinese and other Asians, who’d like their children get the best teaching, yet remain rooted and close to their cultivation. High park residences fernvale are exactly what you need to reside in Singapore.
What are the benefits of purchasing high park residences?
In fact, at that place are various stories that indicate that Singapore has become the third most popular destination for the affluent Chinese. Here are a few highlights to be restrained in mind when purchasing property in Singapore.
Foreigners in Singapore can buy non landed properties (read apartments and condominiums) without prior approval of the regime rule .The foreigners from buying property and the high park residences fernvale that are lower than six storeys or come under the category of condominiums. Though they still require to seek consent from the Singapore Land Authority to purchase properties like semi-detached houses, bungalows and vacant plots.
They are also limited from buying a shop house, a house directly from the HDB, a resale flat that is permitted by the HDB, and a condo that is bought under the Executive Condominium Housing Scheme. This scheme was presented for people who desired to buy a little better than a flat, but not having enough money to buy private property. For the uninitiated, HDB is an acronym for Housing and Development Board- Singapore, the public housing authority of Singapore. This was set up by the government of Singapore, with an aim to help Singaporeans buy quality home at affordable prices.
Permanent Residents or PR’s are allowed to buy HDB flats at once from high park residences, provided they make a family nucleus with a Singapore citizen. It can buy a flat from the re-sale market; provided that they register at least one tenant as a Singaporean citizen. To protect people from flipping their property, owners looking to sell apartments that are less than 3 years old, would have to pay a duty of 3 per cent of the resale value.