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Singapore property is attracting many local and foreign investors. If you are interested in buying Singapore real estate, one of the very first things you must do is to understand ownership properties. If you a hire a real estate agent, he or she should be able to update on you on the policies so that buying or investing in an area is a well informed decision.

The Central Provident Fund (CPF) helps Singaporeans finance their purchases of a home. It was first introduced on July 1, 1955 by the Colonial British Government; this is also known as a pension scheme funded by the government.

Ownership in Singapore can be put in two categories mainly private and public. The public home is more popular among those living in Singapore since it holds about 81% of households. These households come from a low to upper middle incomes. The public is under the HDB. They are responsible for housing production and management as well as creating policies among other responsibilities. Private homeowners make up less than 10% of households. They are not given as much subsidy as the public which is one of the reasons why it is less known and practiced.

New policies have been made which no longer allows people to own HBD and private homes for a certain period of 5 years. On top of that, private owners of properties can no longer buy HDB flats for business or investment. Private property owners must sell their property within a short span of 5 months if they already bought a flat. Likewise, those who had flats are not allowed to purchase private property while the minimum occupation period (MOP) is still ongoing.jadescape price

The Seller’s Stamp Duty was formerly put in one year of holding period; today, it is now three years. The goal of this policy will help investors think long term of investing in Singapore property. Those who plan to sell their Singapore real estate or house after three years of owning it will be the only ones who are not required to pay stamp duty.

Marina City Club is a series of 15 high tower buildings containing luxury apartments and condominiums for purchase or rental. It’s located in Marina del Ray, only a mile from the beach, while also overlooking its own marina in one direction, with the other direction giving a great view of the city, and was the first high rise condominium built in the city. The towers are curved, giving residents the feeling of panoramic views, and those panoramic views are easily highlighted from the penthouse residences, with 20 foot high ceilings and windows that go from ceiling to floor. There are around 600 private residences.marina one residences

People living in or near Marina City Club says it reminds them more of resort living than home living, although they do feel quite at home living there. Amenities include: 24-hour parking, along with a car wash and car detailing; security; the 16,000 square foot gym that also has a spa, sauna and massages, as well as offering aerobics, cardio, and weight rooms, free classes to learn yoga and Pilates, and personal trainers; three swimming pools; six tennis courts; a beauty salon; high speed internet for all residents; racquet ball & handball courts; a convenience store; a recreation room; a dry cleaners; maid service; a yacht club; and a sundeck.

It’s also known for two large event spaces that residents get to use for free, and others can pay for, that are always being booked for special events. Located on the third floor, The Nautilus Room, the larger of the two, has walls of glass, and looks out over the Marina. It offers a black marble bar, special designer lighting, and offers enough space for a large event such as wedding receptions. The smaller room, called the Galaxy Room, has a platform for bands, a spacious parquet dance floor and a raised, carpeted dining area. It also faces the marina.

Along with the large event rooms, there are multiple rooms to hold smaller events, including one called the Topside Room, which is where one of the restaurants, called City Cafe, used to be located. The other restaurant in the building is called, appropriately enough, the Marina View Bar & Restaurant. Residents can order food for delivery or go to either restaurant and feel like they’re having a night out on the town.

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