subject: Singapore condo Vs Individual house [print this page] Singapore condo Vs Individual house Singapore condo Vs Individual house
In today urban world, individual house units in the city are almost history. Most buyer are unwilling to buy a single house in the middle of the city and in most cases; there is no single house built in the middle of the city. With the increasing Singapore real estate prices and inflation, Singapore condo are the new age homes. Basically a Singapore condo is an apartment in Singapore Property category which you own. Although you own the house area in Singapore real estate, you have to share the hallways and parking with your fellow owners. This greatly helps people with limited budget to purchase a Singapore property.
Because there are numerous options, buying a new Singapore condo is relatively easy. But you need to ensure a few things before you make a choice. Many Singapore property buyers or investors confuse between the terms "condominium" and "apartment". In term Singapore real estate, a private apartment development will be classified as a condominium if the total site area of the residential development exceeds an area of about 40,000 square feet. Although a new apartment is similiar as a new Singapore condo, normally a Singapore condo development may have more communal facilities but may not be located as ideally as a prime city apartment.
The first thing to do is to check as many Singapore condo units as possible. When you have wide range of choice in Singapore Property, you have better chances of finding a perfect Singapore condo. Rushing into buying a Singapore property won't help you in anyway. Before you go hunting for a new Singapore condo, make a list of things that you would need. For example, if recreational facilities are your top most priority, make sure that the development has a swimming pool and gym. Singapore property buyers or investors have to make sure that the building has proper access to shopping malls, eateries, schools and transportation facilities.
It make logical sense for Singapore Property Investors buy a new Singapore condo or new apartment. Based on transaction data, Singapore condo in urban areas are in demand. So the apartment in the city will fetch higher monthly rental rate than suburban Singapore condo. You cannot do anything to stop it as there are always other willing tenants who are prepared to give that rate. On the other hand, Singapore condo fare better than individual houses too. When you buy an individual house, you have to mow a lawn, maintain the exteriors of the house and to make things worse and time consuming, you would have to paint the compound. Singapore condo will relieve you from all the stress and these time consuming maintenance work and will give you all the pleasure and relaxation which you would seldom get from buying an invidual Singapore property. The main thing to remember while buying a Singapore condo is the budget. Never ever choose a new apartment or a Singapore condo, Singapore property which you cannot afford. If you do that, it will hurt you badly in future financial calculation.
Singapore condo are not really big in size. To decorate the place, you need to have space management in each and every place. In kitchen, you have to install a reasonably sized counter-top with essential appliances built in. Also make sure that other appliances are space efficient as well. Spacious bathrooms is quite unlikely. To make it spacious, arrange the toiletries and towels properly and stack the less used item in the closets, attach a few racks and shelves in your bedroom. That's the essence of Space mangement in Singapore Property.
This article is written by LLRE Real Estate Millionaire Group, a private Singapore Property Investors /Owners Group (currently more than 2,500 members consisting of developers (Public listed companies and private companies), property investors /owners, and business owners) and people who are interested to be part of our Group.
