News & Events
Considerations for Getting a Singapore Condo for Investment or Homestay
- February 11, 2019
- Posted by: Leon Okane
- Category: Blog
With numerous choices, it may become a difficult task when choosing a condominium. Due to the rapid growth of urban areas, we now have lots of world-class condominiums built to cater for the housing needs of people. But irrespective of the Parc Clematis Price, needs, budgets, individual styles, one will definitely find a condo that meets his needs. The essential things to consider asides from the aesthetic qualities are the condominium qualities.
The qualities of a condominium can have a great impact on your comfort and satisfaction so it must be given optimum consideration just as much as you considered the style. Listed below are the top 5 things to consider when selecting a great condominium;
As per the real estate, the most important factor to consider is location. It has an effect on the current and future price rate of the units. It is advisable to select one near thoroughfare and major roads as well as facilities such as markets, hospitals, schools, and other business districts.
If you are a busy person, you need to have easy access to those facilities. In order to get to the MRT station, it shouldn’t take you more than 7 minutes to walk from the condo to the MRT station. From there, you can easily navigate your way to key locations around the city.
Excellent developer reputation
To protect your investment or money, it is essential to consider the developer’s track record. Be very careful about possible unwanted incidents which involve developer with the unclean record, because they can happen at some point. If the developer is short of money, it will negatively affect the construction process and it will be difficult to get your cash back. I suggest that you check the past record of a developer of a condominium via organizations that are established by renowned real estate companies.
Faster turnover date
If you intend to go for a unit that you can use without delay, select a condo that comes with an immediate turnover date. Sometimes, lower monthly payments may translate to longer turnover date so think deeply and reflect on this before paying for your reservation.
Reasonable population density
If there are many units as per the floor, it may result in unpalatable situations like crowded pools, stairwells, and congested elevators. Some condo builders know that many tenants would not like this situation. The floor plan of an apartment unit per floor is an example of a well-designed floor area ratio and density plan. The design should cater for less foot traffic and should ensure shorter or zero waiting time for elevator users.
A refreshing dip in the pool; a well-equipped gym; a relaxing stroll in the environment…..these are some of the facilities that will make your condo living a worthwhile one.
For instance, a great condo should have excellent facilities ranging from the Jacuzzi and rooftop pool to the party and barbecue place. It is highly recommended that you know your requirements and see if the condo has it. If you later got a condo with facilities you never actually use, then that means you have wasted your money since you will have to pay for those facilities. Make sure that you apply these tips for maximum comfort and fulfillment.