In Belgravia ace brochure this place is an ideal place for those who want to experience the best of both worlds East and West. Perhaps this is why Singapore is a preferred destination for Chinese and other Asian expats who want their children to get the best education but still remain rooted and close to their culture. Sentosa Cove is a virtual hub for expats who have made this deep-sea harbor condominium their home. In fact, there are several reports that suggest that Singapore has become the third most popular travel destination for wealthy Chinese. Here are some highlights to consider when buying property in Singapore. Foreigners in Singapore can purchase landless real estate (see Apartments and Condos) without prior government approval. This rule is the result of a 2005 decree prohibiting foreigners from buying property in blocks of flats less than six stories or in the condominium category. However, to buy real estate such as bungalows, townhouses and houses, they still need to get approval from the Singapore Land Authority.
You are also not allowed to purchase commercial space from HDB, an HDB home direct from HDB, an HDB-approved HDB condominium, and a condominium purchased under the 1996 Executive Condominium Housing Plan, better than HDB floor, could but not afford private property.For the uninitiated, HDB is an acronym for Housing and Development Board Singapore, Singapore’s public housing agency. Belgravia ace brochure was established by the Singapore government with the aim of helping Singaporeans buy quality housing at affordable prices. Permanent residents or public relations can purchase HDB apartments directly from HDB, provided they form a family unit with a Singaporean citizen. PRs can also buy an HDB floor on the resale market; as long as they employ at least one resident as a Singapore citizen or PR and to protect people from moving house, homeowners who want to sell homes that are less than 3 years old would have to pay a 3 percent resale value tax. Therefore, homeowners are advised not to buy a property with a simple loan and then sell it quickly for a profit.