And to save people from flipping from their property, the owner is in the search for selling apartments under the age of 3 years, they can be re-sold for 3% of the cost. Thus, the property owner who easily purchases property by credit and then sells them quickly for profit, is disappointed with doing so.
Properties under executive condominium scheme, PRs are permitted to purchase property in projects that are permissible for temporary business or top 6th to 10th year. For foreign and corporate organizations buying property in Singapore, is an expensive option. They can buy EC property only after the top eleven years.