5 Tips In Buying A Condo

General

Last Updated: Mar 19, 2023

Are you considering buying a condo but feeling overwhelmed by the options available? With so many factors to consider, it’s easy to get lost in the details. But fear not! We’ve compiled a list of five things to look out for when choosing to buy a condo. Whether you’re a first-time buyer or an experienced investor, our tips will help guide you towards making the right decision for your lifestyle and budget. So let us share with you 5 tips in buying a condo of your choice!

1. Facing of Unit

In Singapore, north-south facing houses are the most popular because of the sun and wind directions. Home with a north-south orientation doesn’t just avoid direct sunlight during the day, it also benefits from wind flow.

It’s important to know that some buyers prioritize units facing the pool, and this may not always be a north-south facing unit depending on how the development is laid out. Finally, you have to decide what’s more important to you – living in a unit that is good wind current or having an excellent pool view.

2. High or Low Floor

Most Singapore condo buyers prefer high floors for the unobstructed views, better air quality, and privacy. It’s important to make sure your budget fits into these units as well because they’re more expensive.

The high floor units tend to sell out fast in new condo launches in Singapore. Lower floor units are more affordable and offer easier access to amenities like the gym, pool, and tennis courts.

Ground floor units allow residents to get to the facilities faster too since most ground level apartments have a front gate at the balcony to allow easy access to the pool and such.

The convenience of taking the stairs in case the lift breaks down or is delayed is one of the advantages of staying on a low floor. High or low floor units in a Singapore condo come down to personal preference and budget.

3. Easy Accessibility

With the rising cost of car ownership in Singapore, it is important to consider location when searching for properties for sale. In this light, buying a condominium near an MRT station is becoming more popular, especially with new condo launches.

The convenience of being able to walk to the nearest MRT station to get to work is superior to taking a feeder service. In addition, with more MRT lines being constructed, such as the Thomson-East Coast Line and the Cross Island Line, it has become even more important to purchase a condo within walking distance of an MRT station.

As the future MRT lines and stations are completed, the value of the property may also increase. This is due to the ease of access to other parts of the island as well as its convenient location to other parts of the city. Even if you are purchasing a property as an investment, having a unit near an MRT station will enable you to rent it out more easily and command a higher rent. Be sure to check out the proximity of MRT stations when considering new condo launches.

4. Amenities

A condo’s amenities should be compatible with your family’s needs when selecting one. As an example, if you have children, it is advisable to select a condo near schools to save time and to avoid traffic congestion during peak periods.

Having proximity to supermarkets and restaurants can save working individuals time on daily errands. Depending on your lifestyle, parks, libraries, and medical centers are also worthwhile considerations.

5. Layout and Size

A condominium unit’s size and layout are important factors to consider if you plan to start a family. As your family grows, you will need to plan for the future as new condo developments tend to be smaller.

It is imperative to make the right decision since private property prices continue to rise in order to avoid being priced out of the market in the future.

Choosing the ideal condominium may seem overwhelming, but you can make an informed decision by considering a number of factors, including location, amenities, maintenance fees, resale value, unit facing, floor level, accessibility, size, and layout.

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With so many different and exciting new condo launches in the Singapore property market, it will not be easy for you to decide which new launch condo is suitable for your purchase. Allow us to help you assess your finances, plan your priorities and determine your best options. Thereafter, we will go and view the list of developments that you have shortlisted.

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