Is it worth it to buy condo in Singapore?
There’s no right or wrong to buying a condo in Singapore as long as you’re not taking on excessive debt to do so. The value is always in the eye of the beholder, but having a level-headed approach will definitely benefit you for the long term. After all, buying a property is no small matter.
How do I choose a condo in Singapore?
8 Tips Choosing a Condo in Singapore
- Choose the right condo unit type. …
- Consider the view. …
- Convenience and accessibility. …
- Check the unit and building security. …
- The evacuation plan matters. …
- Condo features and amenities. …
- Allotted parking space. …
- The unit floor plan is extremely crucial.
How much do I need to earn to buy a condo in Singapore?
3. Work Out Your TDSR
|Condo price||Minimum income needed (based on 60% TDSR)|
|$1,500,000 (i.e. $1.125 mil loan, $4,552 per month at 1.6% p.a. for 25 years)||$7,586 per month|
|$2,000,000 (i.e. $1.5 mil loan, $6,070 per month at 1.6% p.a. for 25 years)||$10,117 per month|
Is buying condo a good investment?
Condos tend to appreciate steadily in value and offer a solid return on investment — but they come with their share of drawbacks too. When purchasing an investment property, a condo can be an attractive choice, especially to first-time investors.
What is the most expensive HDB in Singapore?
Other FAQs on Most Expensive HDB Flat
The most expensive HDB flat is a DBSS flat in Bishan, which was sold for S$1.296 million in July 2021.
How do I choose a good condo unit?
What should you look for to get the best units?
- Consider the unit facing.
- Which floor the unit is on.
- Proximity to entrance, gates, and quieter facilities.
- Keep a distance from bin centres, substations, and certain facilities.
- Look for efficient layouts.
- Check the number of units per floor.
- Look for “bonus floor space”
What should I look for when looking at a condo?
Here are five factors to consider when buying a condo.
- Location, Location, Location. They say the three most important rules in real estate are: “location, location, location.” You likely won’t live in your condo forever, so you’ll want to think about long-term resale value. …
- Amenities. …
- Condo Rules. …
- Reserve Funds. …