The New Way Of Housing, Executive Condominiums

Some parts of the planet are beginning to become more and more interested in executive condominiums. In 1994, the first was built. It is located between the public and private housing. See Altura EC price for get more info.

These are typically enclosed, and they come with security as well as a gated complex. Aside from the amenities, the residences of executive condominiums can also enjoy a wide variety. The amenities include swimming pools and clubs, as well as things like playgrounds. These executive condominiums can also be sold by well-known private developers.

As a result, the construction of these buildings is done for a lower cost. Because the government subsidises land prices. CPF (Central Provident Fund) grants are offered to the purchasers in order to aid them with the cost of executive condominiums.

Executive condominiums fall under the same rules and regulations as other HBD properties. The owner of the executive condos has been subject to a number of restrictions. Minimum period of occupation for these condominiums should be at least five-years. It is not possible to rent out the entire executive condo during this first time period. Citizens and permanent resident can purchase property following the first phase. After a period of ten (10) years has passed, foreigners may gain access.

These executive condos can be found in many different places, and developers in the area are often well known. Usually they consist of different blocks with hundreds of units of residence and housing. The buildings are often spread across large plots of land, providing space for all types of family-related activities.

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