There are many reasons to invest in the real estate in Singapore. Singapore has a booming economy, serving as a melting pot of different cultures in South East Asia. There are many kinds of properties that you could invest in. For instance, Executive Condominiums in Singapore are becoming popular in so many locations.
To know how each differs, here are some of your real estate options:
Property in Singapore: Build-To-Order
BTO under the HDB in Singapore is an allocation system wherein applicants can apply to a specific location of their choice, only to wait for a specific time before they can move in. Also, the construction of the apartments can start once 65-70% of the apartment has already been booked.
Property in Singapore: DBSS
Design, Build, and Sell Scheme was introduced by Singapore’s HDB in 2005 wherein public housing was developed by private developers. The reason for the DBSS is that it has better designs and location. Tampines, Ang Mo Kio, and Bishan are among the areas with 13 DBSS projects.
Property in Singapore: Executive Condominiums
It is safe to assume that when you decide to stick with an Executive Condominium, most likely after paying the down payment and covering for its installments, you’ll realize that it is somewhat an expensive option. According to its proponents, ECs are meant for those who can afford to have a car.
The Executive Condo was meant for those individuals who still can’t afford private property but would like to enjoy the perks of a private condominium like having playgrounds, swimming pools, and other similar amenities. EC is different from BTO properties in a way that from the sixth to 10th year, EC’s will have to be re-sold to those who are permanent residents and upon the 11th year, ECs will be open for both foreign individuals and companies.
One of the popular Executive Condo to invest in Singapore is Rivercove Residences.
Rivercove Residences EC is an upcoming executive condominium launch in 2018. This Anchorvale lane EC is developed by Hoi Hup and Sunway, a joint venture which is renowned for its quality built executive condominiums and the latest 7 hours sell-out launch of Hundred Palms EC. With their experience in their layout and landscaping, residents can be assured of an A1 functional layout and a house one can call home to. Rivercove Residences location is on Anchorvale lane.