Factors to Consider Before Buying a Condo in SG

Singapore is a small country so every piece of land is precious.

Not everyone can afford investing in residential properties hence explaining the huge popularity of public housing units. Another option for Singaporeans and even expatriates are condominiums. There are various factors, though, that go into choosing a condominium. It goes beyond the luxury and style because then again, practicality is imperative. Also, real estate will always be a huge investment. You’d want to think about your decision carefully before committing to anything.

Here are factors you might want to consider too as you go hunting for a condo unit in Singapore.

Are you eligible to own a condo?

This is not to burst your bubble, but not everyone is eligible of owning a condo unit in Singapore.

You need to verify first if you can purchase or finally pursue private property ownership of a development project like Treasure Crest in Singapore. You can check this information out at hdb.gov.sg. It’s better to be sure early on than be talked into buying by those claiming to be professional real estate agents.

Once you have verified your eligibility, you can now move to choosing a condominium based on its location. Note that the location itself can already impact the price of the condominium unit.

Which location do you prefer?

There are people who view buying a  condo unit as a symbol of high status. But as much as possible, especially if you are working on a budget, you’d want to put more thought into your decision.

Don’t feel pressured to right away find the perfect condominium. You’d find various projects, such as Treasure Crest, around the country. It’s least likely that you’ll run out of options. What’s important is to ask yourself which location you prefer. You might want a property that is located close to establishments and public utilities.

If you are commuting to work, then looking for a condo near train stations or bus stands would be beneficial for you. Close proximity to schools may be one of your important considerations, meanwhile, if you have kids going to school. Make sure to take your time.

Which type of condominium do you prefer?

Condominiums can be classified as either high-rise or low-rise. 

If you want a better view of the city or cold breeze in the evening, then going for high-rise condominiums might be the better option for you. Chances are, it will as well be more peaceful and quiet when you’re staying on higher floors. Consider the downside too. If you’re not comfortable with heights or are with little kids, then you might have more peace of mind going for units on lower floors.

Finally, which amenities or facilities do you require?

If you are living with your family in Singapore, you are most probably after a project complete with amenities that every family would need.

Kids would love playgrounds and you would appreciate a function room you can reserve for any special events. If you love going out for a swim or working out in a gym, then you should factor that in as well.

Don’t purchase a condominium until you’re sure. Take note of these factors as you narrow your choices and find the right unit for your unique needs.