About Buying An Executive Condominium | Are you looking for an executive condominium and you’re not sure which steps to take to get one? Living in an executive condo allows you to enjoy every bit of the property because of the different amenities these condos normally come with. However, getting an awesome executive condominium might be a pain in the ass, especially if you lack proper guidance on how to purchase one.
If this is something that has been disturbing you for ages, you are not alone. Therefore, in this post, you’ll get a step-by-step guide on how to purchase your executive condominium effortlessly. And so, this post explains how to buy an EC from a developer. The same steps might apply if you want to buy an EC from an owner though there are some restrictions if you’re buying from a foreigner.
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Therefore, here are the steps you need to consider when purchasing an executive condominium; first, confirm your eligibility. That means; to qualify for this practice, you must be at least 21 years of age. And if you are applying to a joint Singles Scheme, an applicant must be 35 years of age. Additionally, you must be a Singapore Citizen, with at least other applicants falling under Singapore permanent residency or a Singapore citizen.
After you’ve checked your eligibility and you‘re ready to go, now get your finances intact. You can confirm your finances by examining your CPF savings, getting verified in an Approval-in Principle for a bank loan, and deeming fit some of the miscellaneous fees. Once your finances are verified, you can shop around to get a well-executive condominium of your choice. After you’ve identified what condo to buy, submit your application to the developer. The most preferred method is electronically majorly known as eApp. Then book your unit if you’re selected and agree on your terms with the developer. Recruit solicitors and complete the loan, sign and purchase the sale agreement.
Once you’re done with your signature, make your payment for the EC and get your executive condominium keys.
North Gaia, located at Yishun Close, will be launching soon. There are still choice units at Parc Greenwich. Contact us to find out more.
