Buying your first home in Singapore can be a daunting prospect. The process of identifying the right property and negotiating the finer details can seem equally as daunting. But once you’ve figured it out, there are a number of benefits to owning your own home. For starters, you don’t have to worry about renting or paying for landlord accommodation. You also won’t have to share your new abode with...
As the city-state continues to grow, so does the demand for housing. In order to accommodate this demand, developers continuously look for new ways to build more homes at a lower price. One way they’re doing this is by incorporating developments with condominiums. Today, condos are one of the most popular types of housing in Singapore because they combine many of the best things about renting an...
If you are planning to buy a house in Singapore, you will be glad to know that there are many benefits that come with owning your own home. The first benefit of owning your own home is the fact that it becomes yours and not someone else’s. You have the exclusive right to use, enjoy and pass it onto your children or any other members of your family in the future. Another benefit of home ownership is the...
Finding the right condo in Singapore can be a challenge. There are so many choices to make and factors to consider before making your final decision. However, if you’re looking to buy a property in Singapore, then you should definitely look into condos. Condos offer many benefits over buying an apartment as they tend to be more spacious and cost-effective than apartments. Depending on the area that...
Buying a condo in Singapore can be a great way to invest your money and secure a stable long-term residence. It’s also a great way for first time home buyers looking for their first step into the property market. Buying a condo is also an excellent investment opportunity for people who are looking to cash in on the booming resale market in Singapore’s condominium sector. Selling your condo, however,...
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...