Most freshly weds simply cannot tampines court new condo sales gallery afford to pay for the executive condominium style of properties. The manager condominiums have greater pricing level and HDB restrictions compared to regular condominiums. On the list of constraints carried out with the HDB would be the 5 year minimum amount occupation of the occupant. The occupant may perhaps nevertheless ask for the housing to become a personal estate following 10 years. The newest profits launch in Singapore have been produced because of the following builders
FCL Compassvale Pte Ltd with the Esparina Residences
MCCLand (Singapore) Pte Ltd on the Cover
Punggol Discipline EC Pte Ltd in the Prive
Maxdin Pte Ltd & Lee Carriers Pte Ltd with the Austville Residences
Pasir Ris EC Pte Ltd at the Belysa
QingdaoCosntruction (Singapore) Pte Ltd for the RiverParc Residence
Grand Isle Holdings Pte Ltd in the Blossom Residences
Here is definitely the list for future EC development in Singapore
Hoi Hup Realty Pte Ltd within the Tampines Avenue 8
Camborned Developments Pte Ltd in the Choa Chu Kang Drive
Sim Lian Land Pte Ltd at the Tampines Central 7
FCL Tampines Court Pte Ltd & Keong Hong Construction Pte Ltd in the Punggol Way Punggol Industry
The executive condominium housing style in Singapore started in 1996 as a way with the government to raise the standard of living and change the town image of most places in Singapore to a better up market residential area. The architecture and design from the executive condominiums have been inspired from the styles and layout of private condominiums. The government's economic plans on raising or meeting the match on the money stage with the population evolved from recycling condominium formula. The design was to make housing accessible to the larger population with lower budget.
The main goal with the Government Condominium Housing Scheme was to provide access to couples whose total monthly revenue does not exceed $10,000. This broadens the supply for personal housing through the indirect financing with the state. The cash flow ceiling for that household to become eligible for the government condominium housing is $10,000 per month. Buyers were required to pay at least 20% down payment or equity in cash and settle the remaining balance through monthly installments. The occupants were allowed to sell the flat to foreigners only immediately after tenure of five a long time.