Each real estate buyer has a different list of priorities: for some, the price is the determining factor in making a decision; for others, the location is the most important. When it comes to buying a new condo, any buyer should weigh well several factors before making a final decision. Depending on the needs and preferences of each client, a different list of priorities may result; however, the largely considered issues remain the same. There are some questions that you should ask yourself if you want to buy a property in Singapore.
We can compare the advantages and disadvantages offered by old apartments vs. a new condo. Perhaps the most important advantage is the location which may be central or ultra-central. This benefit includes, of course, the easy access to public transportation, as well as hospitals, schools, kindergartens, supermarkets etc. Another aspect that weighs a lot in the eyes of buyers currently is the lifespan of each variant.
In this respect, a clear advantage is offered by properties in residential complexes. The life duration of new apartments is much longer than that of older properties. This is a very important consideration, given that the decision to purchase a home is usually an important step in any person's life, people making the purchase for a long period of time.
Another important question people should ask themselves before buying a property in Singapore is how big it is and how its surface is divided. New apartments have, in most cases, a more generous square surface than the old blocks. Where surfaces are similar, they are usually better divided, after the current requirements. Some new apartments even allow changes after the buyers’ desires, all of which are important aspects for the buyers.
Another aspect that should be taken into account when buying an apartment, either old or new, is represented by access to a range of additional facilities. The assemblies of new apartments have facilities such as underground parking, garden, security, video surveillance, etc. You can also add elements such as fitness rooms or areas for different sports. In addition, depending on the positioning of the project, those who live in a new condo can be located in the vicinity of a forest or a lake, all being details that improve the quality of life.
There are a lot of real estate projects in Singapore and the buyers have a lot of things to consider before making up their minds. The real estate market is very well represented by different types of projects, some which are already built or others which are only in the stage of a project needing financing from the future buyers. But they are all impressive buildings located in wonderful surroundings with breathtaking views and amenities, meant to create a perfect living environment for their owners. All you need to do is to decide on the type of property you want to buy and then to enjoy your new life in your new home!
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