This is a fantastic time to purchase a condominium in Singapore. For the obvious reason: there are more sellers than buyers. However, that is not enough to get you a terrific deal. Because with condos, more than any other kind of real estate, a low price isn’t enough.
Here are five tips to make sure you’re getting a wonderful deal.
The condo I purchased was at a building on the Lake, one that owned part of the shore. The agent who was selling the condo pointed out the constraints of the shore, told me the exact length and width. I, of course, divided those by a number of units in the complex to figure out how much of it was mine.
I purchased, paid extra for the location, for the shore, for the deck. I lived there 4 years. In 4 years, I never used the deck. In 4 years, I ran on the path that goes from Ardmore all of the way downtown during my 3rd year there, every evening for 3 weeks straight. I ran into Belmont and back. In 4 years, I moved to the beach four or five times.
Now, to the next tip. For the first 2 years, parking wasn’t relevant. I then changed jobs and needed a car. Turned out, the 188 parking spaces in the garage below my building were shared with the condominium construction next door, turned into a massive garage.
Search online today and Find all the latest upcoming new launch condo in Singapore in best locations.
First come, first served means you put your name on a list and wait until enough owners give up their parking space. In my case, the wait was two months. I found out later, that many people had to wait for a year or longer, that the manager liked me so she moved me up the list.
Don’t just hear that you’ve got a spot but go to your spot, see it. I’ve seen since then many condominium garages. Many have a few spots that are smaller than the others, large enough for a small sedan, not big enough to get a van. Speaking of vans, a few of the garages do not have sufficient clearance to permit vans.