Condos in Singapore – What to Know before Buying
Before you commit yourself into condominiums in Singapore for sale, there are a few things that you should have at your finger tips. These things will not only get the best condo to buy, but also the most affordable and one that will meet your needs.
Here are the main factors you should consider
The general neighborhood that you need is of great significance. Understand that Singapore is has 5 planning regions. The regions include West, Central, East, North and North East. The regions are then subdivided into 28 districts. Depending on your preferences, you can choose from already developed areas or upcoming ones.
You should also look at the amenities which will give your family a more convenient home. Evaluate schools, transport, amenities, facilities found within the condo and the tenure of your targeted condo. The schools that will be around the condo that you want to buy will be a good indication of if your kids will get quality education. Also look at the tertiary learning institutions around the place you want to buy if you have education-seeking youths in your family. Transport will be your means of getting to and from work, accessing market place and education facilities.
Your budget should also tell you where you can find yourself the best condo. Launched condos will require you to give big initial down payments. On the other hand, new launch condos will help you distribute its payment along the construction period. Since you know your financial standing, make a choice which will not cripple you.
The other thing that you should not forget to look at is the law which governs the place. There are some things which you should not neglect if you do not need hitches in your future home or investment. If you are a foreign investor or home owner, you are required to apply for permanent residency or have a sponsor and a visa. Foreigners who buy property in Singapore without following these measures risk hefty fines as well as caning. Immigrants who violate immigration laws in Singapore can be sentenced to caning.
Knowing the developer condos for sale will help you get the condo that will give the thing that you want. Some developers are known of making certain designs which might be what you need. Different developer condos for sale have different approaches in the way they market and sell their condos.