In the last two years, residential property prices rose dramatically. Prices of residential properties have risen significantly in recent years due to the development and construction by private developers, as well as increased demand. Singapore’s residential property prices have also risen significantly in the past two decades. It is good news for those who want to buy property in order make a profit after they sell it at the right time. Come and visit our website search it on Grand Dunman you can learn more.

It has become an issue for many people in the city, who don’t have the money to afford these properties. Private residential properties are expensive in many cities and out of reach for most people. Government and housing authorities in the city, have however come up a plan that will provide homes to these people at low and affordable costs. HDB flats and apartments are available to people on low income at very affordable prices. The HDB flats and apartments are now available for people with monthly incomes of between $8,000-$10,000.

Also, there is a group who make more than $10,000. However, they do not earn enough money to buy the private property of the city. The HDB does not allow them to own these HDB apartment and flats. HDB manages executive condominiums such as Signature at Grand Dunman EC for people with low incomes. People with a monthly gross income of $10,000-$14,000 can purchase these ECs. The Executive Condominiums (ECs) are private properties developed by private builders, which are then sold to Singaporeans for a lower price. The residents will enjoy amenities similar to those found in private condominiums but at lower costs.

Developers receive subsidies because these properties are administered by HDB. This allows them to sell the properties for such low prices. The HDB, as well the municipal government in the area of purchase of these properties offer a range of incentives and grants to buyers. With the help of bank loans and these grants, buyers can afford to buy executive condominiums even when they don’t have enough savings. Tax exemptions are also available to buyers, which can save them a lot of money.

When a person is looking for a place to live in the city, an executive condominium will be the ideal choice. One minor concern exists when buying an EC. A buyer cannot sell or lease an EC until they have occupied it for a period of at least 5 years. This applies to both locals and foreigners. The minimum period of time that the purchaser must occupy the house before it can be sold is five years. All HDB property can be bought once privatized. Hence, purchasers of ECs in Grand Dunman Signature can only sell the property once they’ve occupied it for 5-10 years. ECs can be great homes, despite this minor aspect.