Which is the best condo in Singapore?

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

  1. Choose the right condo unit type. …
  2. Consider the view. …
  3. Convenience and accessibility. …
  4. Check the unit and building security. …
  5. The evacuation plan matters. …
  6. Condo features and amenities. …
  7. Allotted parking space. …
  8. 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.

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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?

  1. Consider the unit facing.
  2. Which floor the unit is on.
  3. Proximity to entrance, gates, and quieter facilities.
  4. Keep a distance from bin centres, substations, and certain facilities.
  5. Look for efficient layouts.
  6. Check the number of units per floor.
  7. 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. …
  • Size.