For the last few weeks, we have been busy with the Singapore’s New Condo Launches.
Singapore is a city-state in Southeast Asia. It is the world’s third largest island and one of the five major East Asian countries. The city-state was established as a British colony in 1819, following the Treaty of Kulan in 1816 between China and Great Britain. Singapore became an independent state on 9 August 1965. A decade later, Singapore obtained full independence from Britain in 1965 and was known as the Republic of Singapore until 1990 when it became a federation with Malaysia.
Singapore has been rated as one of the most livable cities by Conde Nast Traveler magazine, and is also a popular tourist destination, attracting more than 3 million visitors each year from around the world.
This article talks all about how to purchase a condo in singapore | Singapore condos . Please read before you proceed further as it will help you understand more about what is going on here for you personally on this site. When it comes to buying a condo in singapore , there are different criteria that we take into consideration for your condo purchase:
1) New Condo Price:
We try to encourage our users to buy condos at least within their budget so that they will feel comfortable when they make an investment decision to buy one of these units . This way, our users will be less prone to getting carried away by high prices that are too high for them or overpriced units which they find themselves unable to afford after being quoted higher prices but not enough information about what they can actually afford before making such an investment decision (i.e.: comparing prices across agents and/or comparing right price with right property). In terms of price point that we are trying to maintain between our buyers and sellers (our buyers), we try not to provide any free or discounted services such as free appraisal, free land inspection etc., if we can avoid it.*
If both parties agree on price point (usually after discussing their respective finances), then it would mean there is no additional cost for us (i.e.: no financing fees). This also means that should either party decide he/she does want to sell any unit at any point down the road during his/her lifetime, no matter when he/she decides to sell or if he/she decides not sell at all (being fully committed).
🔔 Upcoming New Launch Condos For 2023
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270 Units | 2-5 Bedrooms | Freehold | Yew Siang Road
Showflat: Q1 2023
Blossoms By The Park
275 Units | 2-4 Bedrooms | 99-year | Hillview MRT
Showflat: Feb 2023
246 Units | 1-4 Bedrooms | Freehold | Anson Road
Showflat: Q2 2022
595 Units | 1-4 Bedrooms | 99-year | Lentor Central
Showflat: Q1 2023
845 Units | 1-4 Bedrooms | 99-year | Upper Bukit Timah
Showflat: Q1 2023
2. Latest Singapore Condo Launch and Pricing Information
Singapore’s new condo launch is a big deal. The city-state’s first luxury condo will hit the market in early 2016 with a starting price of about $2 million. A condominium in Singapore costs about $3 million, or $1.3 million for an entry level one-bedroom unit, according to real estate site Propertymap.com , which also lists a range of new condos ranging from 5,000 sq ft to more than 50,000 sq ft (roughly 1,600 sq ft to more than 13,000 sq ft).
The most expensive units are priced between $1.5 and $2 million (according to Propertymap.com), while an entry-level one bedroom can start at roughly $500,000 and go up from there (according to Propertymap.com), depending on the size of the unit and its location in the building.
Singapore is a highly desirable location for new condos with its huge amount of prime land, good infrastructure and well-educated population — not to mention the fact that prices for existing condominiums are usually well below what is being charged for new ones: The median price for a two bedroom unit in Singapore built before 2000 was just over $900,000 by Propertymap.com . That figure dropped to just over half that as new condos were built since 2000 as well (Propertymap.com).
In general, condominiums are much less expensive than apartments in most other cities around the world: Over half the units listed on Propertymap.com cost less than half what it would cost to rent an apartment there based on average income levels across 42 countries including prices listed by Zillow last June , according to data from New York City Comptroller Scott Stringer’s office . Homeownership rates are lower because they have access to more affordable housing financing options through rental property taxes on their home rather than bank loans (which often require minimum down payments).
In general, condominiums make up two-thirds of all homes sold in Singapore since 2011 . A recent report from property firm Colliers International found that approximately 84% of all residential units sold by Colliers International during 2013 were condos; about 12% were apartments; 16% were houses; 7% were high rises and other types of housing; 3% was multiunit housing and 2% weren’t listed anywhere on colliers’ website (propertymarketresearchreport2013).
Besides being relatively affordable compared with other cities around the world and having limited!
3. New Condo Floor Plans
Singapore is a city of about 5 million people and it has an urban population density of about 1,000 persons per square km. So, there are lots of people in Singapore. There are also thousands of condo projects being built that have been completed as apartments. The problem is that there is no single, comprehensive guide to all the condominium floor plans available in the market.
There are so many different styles and sizes and lengths: from single-family homes (i.e. prewar bungalows) to high-end, luxury condominiums that rival superblocks like Miami’s Brickell to new developments coming down the pipeline like Singapore’s City View.
So I thought I would create this guide to help you decide what kind of condo unit you should buy as well as help you compare the prices between these different condo floor plans and project sizes.
I’ll be covering:
* Unit type (villa / studio / one bedroom / two bedroom or three bedroom)
* Project size (small / medium / large)
* Prices (from $500k to $8+M)
* Floor plan comparison chart on download page 🙂
I will also be adding to this over time as more condos come online! If there are any particular condos you would like me to cover in detail please let me know!
4. New Condo Site Maps
Singapore condo market is expected to continue to grow steadily, with available units expected to increase by around 20% annually. This means there will be a lot of demand for space in the city center, which explains why we are seeing signs of strong buy-to-let demand.
Singapore is one of the most expensive real estate markets in the world, and that’s one of its biggest selling points. If you think you won’t be able to afford a condo in Singapore, think again. Those who can afford it have everything from penthouse homes and high-rise condos to townhouses in the most sought-after areas and mid-rise blocks in the center of the island.
New residential developments are popping up all over Singapore, including those that are not available for public viewing yet due to their private nature. You don’t need capital or a large family; therefore, being able to purchase a home at an affordable price for yourself makes it easier for many families with children and other young adults as well as retirees (who don’t want to pay high rents every year).
Singapore has been relatively inexpensive compared to other cities worldwide because it is so centrally located with good infrastructure; however, these days it seems like everyone wants a piece of Singapore real estate!
The new condo market began shortly after the government introduced its first policy on new housing development: a set price per square metre that developers must pay if they want permission from local authorities (which includes government approval of building plans). Prices have recently moved up significantly due to higher supply than demand; but even now prices are still more affordable than they were six months ago when they reached their peak.
Singapore is also making more use of land that was previously used agricultural produce or timber plantations. Those who are willing to sell land at cheap prices make use of this area as well by constructing affordable apartments on them (with some units yielding rental income). In this way this helps contribute towards creating more sustainable housing and reducing greenhouse gas emissions (both locally and globally) because less carbon dioxide is released into the atmosphere because less land needs clearing during construction – something many people take pride in because it makes them feel good about themselves (as long as they abide by environmental rules) .
5. About New Condos
Singapore is a modern city that puts the emphasis on technology and infrastructure. The city is very dense, and the central business district (CBD) has become an extremely popular destination for global-scale companies like Google, Amazon, Microsoft and Facebook. It’s also got a fantastic nightlife scene and a booming startup ecosystem.
Singapore’s condo market was largely unregulated until recently, when the government started encouraging foreign investors to take advantage of it by setting low interest rates on their loans to developers.
But there is still much risk involved in buying now — especially if you think your project will get built — so we recommend you ask lots of questions before committing to any property, including your price range.
To see recently launches condo projects.