Most condominiums are from mid level to high rise housing complexes that are equipped with nearly every luxuries of life. With 24-hrs security, covered parking, clubhouse facilities such as a gym, swimming pool, tennis court, and squash court, etc being the available facilities. Its very modern appearance and convenient in house facilities are the main attraction for expatriates. They range from cozy studio units to spacious penthouses.
Rentals can range between S$3000 to S$18,000 and to S$ 50,000 for better up class luxury types. Older Condos cost lesser than the newer types. The new condos although they cost more, are very much more spacious than the older types. They boast larger swimming pools and spacious gardens. Those who like open spaces will enjoy them better than the older condos.
Fact is it all depends on the area and the kind of condominium you are in search of.
The factors that will also decide your choice are:
• Rental Budget
• Type and size you want
• Distance from your place of work and the means of public transport.
• Schools nearby, that’s if there are children who will be attending school.
• Restaurants, entertainment and shopping within the area.
• Depending on the type of your job, how far will you want to be from the Airport?
Though Singapore is a small city, it is thickly populated. Expatriates are accustomed to usually select the central area. If they can afford higher budgets, they may opt for the areas in main shopping venues such as Orchard Road. The city center is mainly the location for most entertainment venues.
Another popular area for expatriates is the Central Business District. Other popular areas are those around city centers. The central areas are the most expensive and luxurious living areas in Singapore. Tanglin and the road at the end of Orchard Road heading towards Holland Village are the most prestigious. Most of the embassies are located in this area as well. While Newton which is north of Orchard Road and River Valley which is south of Orchard Road are the more popular areas among young couples and single professionals, many well to do Singaporeans live in the vicinity of Holland Village. This is also a popular hang-out for expatriates who live within the area. It has its own restaurants and bars, and amenities for daily shopping needs.
There are a number of Condominiums on the road going towards Changi Airport from CBD, which is known as the East Coast, to choose from. Some of these have a very good panoramic view. Closer to the city centre, condominiums tend to get more expensive. The distance to reach the MRT line is probably the biggest drawback on the east coast. You may need to board a bus or a taxi to get to the MRT station, if you don’t want to use your own car, as the Eastern MRT line does not go along the coastline.
Depending on the demand and supply of units, rental prices do fluctuate heavily. The last two years, has seen rental prices double for private properties in many places as it was evident during the property boom of the 90’s.
Finally, though the private apartment’s tenure is commonly freehold ninety nine year leasehold or nine hundred and ninety nine year leasehold, it can only be granted approval if the criteria for leasing set by the Singapore government is fulfilled by you. Depending on size and the location, rentals for an average apartment can be between the ranges of S$2,000 to around S$55,500 a month.
Myowndreamhome.com gladly look forward to guide you efficiently through all the matters related to acquiring the best property for you.
Buy Sell Rent Invest Singapore Property
Billy Chen 曾庆义
CEA Registration Number : R029372I
Tel: (+65) 88689999
Fax: (+65) 64021826
billy@billychen71.com ( email me )
|
