smart-designed condo

Reasons Why You Should Buy a Condo in Singapore

Singapore’s economy is notably among the strongest ones. In 2017, the Heritage Foundation’s Index of Economic Freedom put Singapore in the second place of countries with the most open economy. In the World Bank’s Doing Business report, Singapore is also awarded second place in the category of the world’s most pro-business regimes. If you invest in real estate there, it will surely be profitable. 

However, Singapore is already a crowded country. And the best option for a property that you can get is condos. Check Clavon for a quick look at the condo living there. 

Now, let’s explore other reasons in detail.

Singapore Is One of the Safest Countries

The crime rate in Singapore is very low. According to Statista, there were only 582 crimes per 100,000 populations in 2017. And Singapore was also the second safest nation in 2019. If you live there, you won’t need to worry about robberies, gun assaults, or even terrorism. As reported by Straits Times, terrorist threats in Singapore are still high in 2019, but there have not been any successful attacks, and only one in five cases is imminent.  

Besides, when it comes to condo living, the by-laws are quite specific. As ruled by the Building Maintenance and Strata Management Act (BMSMA), anyone in the condo is prohibited from causing public disturbances, unlawful conduct, property trespass, and unauthorized ownership of pets. A calm life in condos is guaranteed. 

Singapore Has Good Infrastructure

If you’ve never been to Southeast Asia, you may doubt the infrastructure in Singapore. But I can assure you that all the roads are well-marked there. And you can go anywhere in Singapore with public transportation means, like LRT, MRT, and buses. Also, you don’t need to worry about getting lost there because all the signs are in English. 

Singapore Doesn’t Tolerate Corruption

Striking a property deal can be a shady business, especially when there are no clear regulations regarding the conduct. In Singapore, the policies don’t tolerate corruption. There will be very little to no spending gets lost in the government system. If you buy a condo in Singapore, all the expenses stay the same since the very beginning you see them. There won’t be any hidden taxes or fees later on. 

Singapore Has High Standards of Property Development

Urban planning in Singapore is monitored by the Urban Redevelopment Authority of Singapore. From condos, subsidized houses, to the skyline offices and malls, all of them are built with careful calculation. The building quality is second to none. And that is why you can’t find any cases of building structural collapse in Singapore. 

condominiums

Tips on Finding the Right Condominium Unit

Owning a home is the ultimate dream of most people. But with limited physical land and the growing population, most people opt for buying a condo. When you want to purchase the Penrose condo unit, there are a lot of factors that you need to put into consideration. For you to choose the most suitable home for you and your family, you should have the right tips that will guide you in this process. If you want to buy the perfect condominium unit, here are the factors that you need to consider.

Consider the Condo Type

condominium unitBefore you embark on researching for the perfect condo, the first step should be identifying the kind of unit that you want. It is essential to understand that we have low-rise and high-rise condos. Make sure that you purchase or choose the right condo-unit depending on the type of family that you have. For instance, if you would be living with your parents and grandparents, ensure that you choose low-rise condos.

On the same note, if you are a bachelor, or you are young couples, choosing a high-rise unit would fancy your desires. When you are considering the condo type, there are a lot of things that will later help you to decide the form of a condominium unit that will suit your family and suit your lifestyle.

Location is Essential

When you want to choose the perfect condominium unit, make sure that you consider the site. In doing this, it is crucial to ensure that you narrow down your options by choosing the right region to live. Take your time and find a suitable area that has almost all the amenities that you may need. In other words, find a location that has easy access to necessary facilities or services such as parks, sports centers, malls, hospitals, and schools.

Meet Your Neighbors

If you have a condo unit in mind that you need to purchase, one of the things that you need to consider is meeting your neighbors. It is among the right things that one can do when looking for the perfect condominium unit. Choose a condo that has people who can suit or match your lifestyle.condo

Consider the Price

When you are buying a condominium unit, ensure that you set the right price that you can afford. Keep note that most of the condos are not cheap based on the location and layout. Also, make sure that you set your price limit depending on what you need and your lifestyle.