Condominiums are a great investment opportunity for people who want to secure a stable long-term income stream and also reap the benefits of appreciation. They provide tenants with many advantages as well as disadvantages. If you’re thinking about investing in a condominium, you should read this blog post so that you can get a better understanding of what they offer and which are the best ones to choose...

Condo maintenance fees (CMF) are one of the key cost factors that affect your monthly expenses when renting a condo. These fees, which are usually collected from all condo owners, cover the costs of maintaining common areas such as lobbies, elevators, pools and gardens. They also include services such as pest control and rubbish removal. Not knowing how much maintenance your condo will cost you might make...

Condo insurance serves the same purpose for condo owners as a homeowner’s insurance policy does for a house. It covers financial liability in case of an accident or fire that damages your unit and anyone else living in it. If you own a condominium, you should get condo insurance as well. Why? Because unlike most other types of real estate, condos are not very common in the city, especially here in...

Every condo in Singapore is required by law to have a mandatory condominium management committee (CMC). This committee manages common areas like lobbies, elevators and communal eating spaces. The CMC also has the power to impose fines on owners for minor infractions like littering or dumping garbage in the common areas. While a CMC sounds like an easy task, in reality it is not. It is one of the most...

Condo rules in Singapore vary from one property developer to another, but most common things in a condo are the same across the board. That’s because most developers have similar rules and regulations dictated by their respective condominium associations. These common points and standards have been established so that you know what’s expected when renting out your unit, without being bogged down with...

With the Cost of living in Singapore increasing with every passing day, investing in a residential property is becoming more attractive. But before you start looking at real estate listings or even think about buying a house, there are a few things you need to know first. Buying a house in Singapore can be daunting if you don’t know what to look for and how to go about it. Buying your first home...

You’re a frustrated condo owner in Singapore. You complain about the lack of communication from your management company, and you even file a complaint with the police. But what do you know? They might be listening! After all, they are your representatives after all. In this article, we’ll take a look at how condo management in Singapore can help improve communication and make sure your needs...

The cost of housing in the city of Singapore is on the rise, and it seems like the situation isn’t going to get any better anytime soon either. With ever-increasing demand from residents and a continuous increase in raw land prices, it’s no surprise that properties and housing costs continue to get more expensive year by year. The good news is that there are many ways for homebuyers, renters...

If you own a condominium unit in Singapore, you will sooner or later come across the topic of condo maintenance fees. Condominiums are often described as secondary residences for some homeowners and landlords. But they’re also more than just another property type; they are an investment and a means of accumulating wealth too. After all, what’s the point of investing in an expensive piece of real...

If you live in a condominium and have more than one unit, it can be tricky to manage your individual condominium accounts and share common expenses. In most cases, you’ll need to assign one of your units as the main residence so that you can take advantage of its owners’ association (association fee discounts and other perks). If another unit is not your primary residence, it will be treated as a...