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5 THINGS TO KNOW ABOUT CONDOMINIUM PROPERTY in Singapore

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5 THINGS TO KNOW ABOUT CONDOMINIUM PROPERTY in Singapore

Many individuals are beginning to see condominiums in Singapore as a viable investment as the city grows.

Purchasing a home is one of the most significant aspirations that many individuals will make in their lives. When it comes to Purchasing a condo it often involves good real estate market research and proper planning of investment.

1) WHAT IS A CONDO?

Condominium or condo refers to privately-owned unit within a community of other units. Condo owners jointly own proportionate shared common areas, such as pools, dedicated parking spaces, gym, tennis court and other facilities.

2 OWN STAY VS INVESTMENT

Investing in a condo property is one of the financial commitments by many people. In Singapore two types of housing are there - public housing and private housing. Condos are the best investment among private type housing. Condo owners can be divided into two main groups, those who buy it for themselves to stay and those who buy it as an investment for rental yield and capital appreciation.

3) RULES AND REGULATIONS

Condos better security and less strict restrictions vs. Public Housing (HDB). Unlike HDB Public housing, owning in condo is not subject to minimum occupation period rule is which states that you have to live in the same unit for 5 years before you can sale it.

4) THE VICINITY OF CONDOS

Many condos are in central city areas, near good schools, business centers, attractions and other location which offer a certain appeal making them a favorable options due convinces and proximity to amenities

5) Community

condos may offer many possibilities to build community. Some provide companionship to people in a similar stage of life / status.

CONCLUSION

The world is becoming more globalised and linked and with it, increased various prospects, particularly for property investors.

Top Homes helps to find you the best condos in Singapore that are extremely popular among investors. Every investor must ensure that their home is as appealing and desirable to their requirements throughout the buying and sales process because more attractive property increases more value for your investment.

Additionally it helps a stronger emotional response a condo property owner can elicit in a potential buyer whenever the owner wishes to sell, the higher the price the buyer is likely to pay. The condo concept is the best among housing options in Singapore. The most prevalent forms of real estate in Singapore include flats, apartments, shop houses, Bungalows, villas and Condominiums. Among them Executive Condominiums and Condominiums, may excite the eye of passers-by and foot traffic.

ADVANTAGES

An investor nowadays has access not just to their home country's market, but also to other countries. Top Homes helps you to find best property for your investments across Singapore.

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