Frequent question: Can foreigner buy executive condominium Singapore?

Can a Singaporean and foreigner buy EC?

Singaporean-Foreigner Couples Buying Executive Condominiums

Under the existing HDB Schemes, only full citizen couples or citizen-PR couples are allowed to purchase brand new EC flats. However, resale EC flats that are more than 10 years old are available for anyone to purchase, including citizen-foreigner couples.

Who can buy executive condo?

Age. All buyers will have to be at least 21 years old and above (for singles buying under the Joint Singles Scheme, you need to be at least 35 years old). If you’re planning to buy alone, you can only buy a resale EC and won’t be eligible for a CPF Housing Grant.

Can foreigner buy resale EC?

If you are a foreigner, you can buy an EC only after the 10th year. … Yes you can buy a resale EC but ABSD will apply as its your 2nd property.

Can foreigners buy shophouses in Singapore?

If you are a foreigner looking to invest in shophouse in Singapore, this is the one for you. Foreigners and offshore investors can buy any properties in deep blue zones. Also, they are also exempted from paying ABSD. You can develop offices, shopping, and cinema halls in these shophouses.

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Can Singaporean with foreign spouse buy BTO?

Buying HDB properties with a foreign spouse

The Singapore Citizen (SC) spouse must be at least 21 years old to qualify under this scheme, and the foreign spouse must have a Long-Term Visit Pass or a Work Pass. (If a Work Pass is used, it must be valid for at least six months from the time of application).

Can foreigner and Singaporean buy BTO?

To purchase HDB flats, Singaporeans marrying foreigners will first have to qualify under strict criteria put in place by the Board. These include conditions such as income caps, minimum age requirements, as well as ethnicity. Most importantly though, you’ll need to fall under one of HDB’s 7 eligibility schemes.

Is executive condominium worth buying?

Executive Condominiums are still the best value buys

The reason is simple: they’re a chance to buy private property, while still getting government subsidies. Also, ECs often feature the same range of a facilities offered by private condominiums, but at a fraction of the cost.

Can I buy EC with my parents?

You can purchase an EC with both your parents listed as joint applicants or as essential occupiers of the flat. … – If your parent(s) have an interest in a private property, they must dispose the private property and wait for a period of 30 months before they can apply for a EC jointly with you. 3.

Can single buy new EC?

Unfortunately, a single citizen can’t buy a new EC unit alone. However, he or she can opt to purchase a resale EC or even a private condo if it’s within the budget. … As a single, you may purchase a resale EC or private condo.

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Who is eligible for resale EC?

You must be a Singapore Citizens (SC) or Singapore Permanent Residents (SPR) in order to buy a EC from 6th year occupation period. You need not to form a family nucleus to buy a EC from the open market. For e.g. a single person SC or SPR above 21 can buy a EC from the open market.

Do I need to be married to buy resale EC?

Basic EC Eligibility Conditions For Buying New Launch EC. You and your fiancé or fiancée must be unmarried, widowed or divorced (with Certificate of Making Interim Judgement Final having been granted) at the time of the application.

Is buying a resale EC a good investment?

However, resale EC is most enticing, especially when they complete their Minimum Occupation Period (MOP) of five years and when they hit their 10-year mark. Upon five and 10 years of their completion, most restrictions on ECs get lifted away and they become a bid for capital appreciation.