For many, living in a Condominium is considered a sign of status, that you “have it made.” Of course, it’s not just the fact that it is expensive that follows that line of thought: in fact, it’s more like the other way round – Condominiums are expensive because we are willing to pay top prices for it.
Just why are we willing to do so? What is the main draw of condominiums to us? Let’s take a look.
The Community: Condominiums are like HDB in a certain sense: compared to landed property, a Condominium is still built around the fact that you will essentially be living around other people in the same general area.
This may be a disadvantage for some people, especially if they are unlucky enough to get “bad” neighbours. However, due to the prestige of Condominiums and how it commands a high price, as a general rule the other residents of a Condo tends to be very respectable and refined gentlemen and ladies who will not create trouble.
Accessibility: Because of the above factor, it is only smart that condominiums are built in the most strategic, accessible spots of Singapore. After all, this maximizes the amount of people that can enjoy the nearby facilities, as opposed to landed property which are built in more “out of the way” areas.
Using a wide variety of public transport, such as MRT or Buses, one can be certain to have access to a wide variety of shopping malls, education and other features nearby.
Maintenance/Amenities: One feature of condominiums that other type of properties tends to lack is amenities: Swimming Pool, Gyms, BBQ pits. If any of these interest you at all then Condominiums can be good value for money.
Best of all, Condominiums are by far the “lowest” maintenance of all properties. If you use the Swimming Pool or Gym, you do not have to worry about having to clean up all the sweat and dirt that gather around such area – instead, there will generally be specifically hired crew for maintenance. All you have to do is relax and enjoy them!
With such advantages, no wonder Condominiums are such a hotly sought after property! Indeed, we believe they are good investments for those willing to spend their cash in such an endeavour.
We hope this has been helpful insight into your future plans of property investment. If you’re looking to take advantage of this opportunity, at Condo New Launches we have a wide variety of information on new properties for you to pursue.
