What You Should Know Before Buying a Condo in Singapore

Condominiums are arguably one of the most popular property types in Singapore. It belongs to the private property category, meaning that you don’t have to be Singaporean to purchase it, and the paperwork is also so much easier than the subsidized housing. Also, you can enjoy premium benefits, like strategic location, a gym facility, a swimming pool, concierge, and 24/7 security. 

Let’s take a look at Midtown Gardens, for example. It is located at Tan Quee Lan street, close to the buzzing shopping district, Orchard. And it is also connected to Singapore’s primary transportation network. These are the perks you cannot get if you buy a landed property since they are mostly located far from the commercial areas. 

Now, before you contact an agency to make the purchase, below are the essentials that you need to learn about buying a property in Singapore. 

The Right Timing

This factor becomes important if you want to treat your condo as an investment. Even if you have no intention to sell it in the near future, you should still consider this factor because Singapore is notorious for having fluctuating real estate markets. The price difference of the same unit during a market peak can reach up to a couple of thousand dollars. Although reading the market requires a little bit of research on the property’s sale history, here is a tip for you: when the HDB releases tons of DBSS and ECs, it means that the demands are high. The condo’s price will go up in no time. 

The Property Value in the Neighborhood

Just like a regular real estate, the surrounding units affect yours. In fact, if all the properties near yours are on sale, you need to be suspicious. The worst-case scenario is that there will be a government development project coming up, and the land in that place is going to be repurposed. When you do the valuation of the surrounding estates, consider these variables: developer, facilities, and location. By keeping them in mind, you can make a reasonable comparison to get the best price for the condo. 

The Age of the Building

windows on a condoThe rule of thumb is that a new condo in a new building is always better. It often comes with modern facilities, furnishings, building designs, and a more extended lease period. In case you don’t know, the freehold status in Singapore’s property does not mean for life. It means that the property is leased to the owner for 99 years. And this is precisely the reason why you must be concerned with the building’s age when you buy a condo. 

The Amenities and Rules

signing a contractCondos may look like they are sold in a complete package, together with all the luxury amenities. But one thing to bear in mind is that you are still going to pay for the maintenance. And it will be stated in your purchase contract. Therefore, before you regret the restrictions later, you’d better check them in advance and think twice. Some points can be too specific, you know? For instance, you may not be allowed to keep a pet in the condo. 

Useful Tips When Choosing a Condo

Purchasing a Verdale condo has some notable benefits over other properties. These units are located close to the town center, and they are affordable and attract less maintenance.

When buying a condo, it’s imparted to consider several factors that will guide your decision. Consider the following tips when purchasing a condo.


The Neighborhood

After locating an ideal condo, you need to go a step further and consider the neighborhood. Where is the property located? Probably you’ve been attracted to the unit due to exceptional interior finishing, a magnificent kitchen or other features in the property, but don’t forget the neighborhood as well. A majority of buyers will fix their eyes on the specific unit and forget about the surrounding area. You need to get answers to the following questions before making your final decision. How far is the highway from the property? What about the crime rate in the locality? Are there significant conveniences in the area like a pizza shop, restaurants, shopping centers, schools, hospitals, etc.?

Extra Amenities

Besides the unit, you need to also look at amenities in the condo. Which extras does the property have? Do they have facilities such as a gym, swimming pool, playing ground, Jacuzzi, etc.? These amenities spice up the lifestyles of the residents in the condo.


You need to consider the number of elevators in the building. Are they sufficient for the tenants in the unit or you‘ll have to queue in the morning and evenings to get to your destination? There needs to be a balance in the number of elevators in the building and the occupants. If not, you should choose a unit in the first few floors from the ground.

The View

When selecting a condo, you should also consider its orientation. You should go for a unit that allows you to have a view of the scenery of the region. Avoid units that have an obstructed view of the neighborhood. Best units are those that offer a breathtaking view of a green reserve, riverbank, Water Park, or the city’s skyline.


You’ll enjoy these scenes as you sip your coffee in the morning, evening, or at night. As you choose the perfect view, you should know units with an exceptional view of the neighborhood are priced higher than ordinary units.


Although the size may not be a major factor when purchasing a condo, you must know that the closer you draw to the town center, the smaller the units. At least you should buy a condo that is approximately 1300 square feet unless the condo is extremely lowly priced you should avoid extremely small units. Should you decide to sell the unit, you may face challenges.…

Factors Considered When Buying a condo or Home In Canada

There is a high demand for condo units and new homes in Canada. Buying a property in Canada in one of the worth investments that you can make. The average price for a home was 419,699 USD in 2013. This is according to the data given by the Canadian Real Estate Association. The following are the essential things that need to be considered when buying a property in Canadian cities.

The Real Estate Market Could Fall

The price of homes in Canada has been rising over the years. Home buyers who bought properties in the past few decades have greatly profited from the rising process of houses. However, the prices of homes can fall. Most people are known for considering the rising part. For instance, a sharp fall in house prices was recorded between 1990 and 1996 which left many people with properties worth less than want they had paid for. Many people lost money, but the prices have recovered since then. Both Moody’s and Bank of Canada have warned that something similar can happen in the near future especially if the Canadian economy continues to slow down.

Transit Lines Can boost the Home Value

It is evident that people like using the shortest routes possible. Properties that are located near the transit lines have a higher value than those located far from major transit lines. Such places are very convenient especially for those people who are using public means of transport. However, buyers should be careful not to choose homes that are near a railway station as this might subject you and your family to noise and dust. The proposed transit lines should also be considered.

Buying a Ready Home Might Could be Very Risky

ready made home

A pre-constructed home can be appealing to new buyers. Sometimes this can be very risky. Ideally, you should avoid buying a plan if you don’t know what is there. For instance, some people buy condo units, yet they don’t know the other people who are in that building. Buildings that have many renters are dirty and noisy. Furthermore, you should remember that is easier to predict the fees of a condo that has been ruining for several years.

How Long Are You Planning to Stay

Every potential buyer should ask him/herself how long he plans to stay. You can reduce the risk of selling your property at a low price by staying longer in it. Individuals who are planning to stay in a home or a condo unit for a short period, like one year, should consider renting instead of buying.…