If you want to live in the heart of the city in a luxurious environment, you might have made the choice of investing in a condo. Yes, there is no better way to improve the luxuries that you have in your life. Executive condos are best for individuals who are living a sandwich lifestyle and who is willing to better their lives in every way possible. When compared to private condos, there are a number of benefits that you can gain from investing in an executive condo. However, there are also certain rules and regulations that you will have to follow. Looking into all of it will assure you the best experience in investing on an executive condo. If you are willing to make the right investments, here are some of the things that you need to know:
Check your eligibility
One of the major concerns that you should have before looking into investing on an executive condo is the eligibility. There are certain rules and regulations that will limit the access given to invest on an executive condo. You will be eligible to invest on an executive condo, if you are Singapore citizen, has a monthly income of not more than $14000, if you are willing to live more than 5 years before selling it, etc. If you meet up with the criteria, you will not have any hassle living in the best state of your life in an executive condo. Therefore, make sure that you look into choosing the best EC floor plan for you.
There is a high demand for executive condos because when compared to private condos, they are less expensive, provides all the luxuries as private condo such as swimming pools, sports complexes, gyms, parks, etc.; that is not all, the floor area that is given to you is also higher. Yes, you can simply gain much better with an executive condo. However, with the rising demand, you will have to look into the availability. All that you have to do is to check new executive condo Woodlands avenue.
Any plans on selling?
If you have any plans on selling an executive condo, you need to wait for 5 years before doing so. Therefore, unless you have long-term plans of living there, it is best that you choose not to invest. However, when you are living in such luxury, you will not feel like leaving the place at all. Therefore, make sure that you have a clear plan on what needs to be said and done.