Buying a New Launch Condo in Singapore can be a very good option for people who are looking for something that is brand new and is located in a quiet neighbourhood. It also gives them the opportunity to choose from a variety of options and flexible payment schemes.
Resale vs newly launched condo
Whether you’re looking to buy a new condo for your own stay, or if you’re interested in investing, it’s important to choose the right kind of property. A new launch condo can be an excellent choice for speculative investors. In fact, new launches can often be cheaper than resale properties. But if you’re thinking about investing, you may want to look into a resale condominium.
A newly launched condominium is brand new, and it comes with the latest facilities and appliances. These condominiums may also offer early bird discounts. The prices for these properties are generally higher than those for resale properties. This is because new launch condos have higher construction costs.
A resale condominium is not brand new, but it is larger than a new launch condominium. The costs of renovations are typically lower, and this can offset the cash you would pay for a new condo. A resale condo can also be rented out to earn a passive income.
Brand new condition
Buying a new condo may be on the bucket list of many Singaporeans. It is a defining moment in many of our lives. For the first time buyer, this is a decision that should be considered with some care. However, choosing between the new launch and the pre-loved resale condo isn’t always an easy decision. If you have your heart set on a new launch, then you may have to wait a while before you can get your hands on the one you’ve always dreamed of.
The new launch condo has its advantages, but it doesn’t have to cost a small fortune. For starters, the new launch is usually a leasehold unit that comes with an extended tenure. If you’re lucky, you may get the unit of your dreams when the time comes.
More options to choose from
Buying a new condo is a major decision for many. In fact, there are a number of reasons why many Singaporeans wait for the perfect opportune moment to make their move. Among them are the cost of rent and the aforementioned relocation expenses. For these reasons, many consumers are willing to pay the price of a resale condo. The question is, should the time and money be put to better use? Buying a new condo is a big decision, but with a little forethought, many consumers will be able to enjoy the fruits of their labor. To help consumers make the right choice, many developers are offering new launch condos with payment schemes that are more user friendly. The best way to go is to ask your real estate agent about the best options in your price range.
Flexible payment schemes
Buying a new launch condo in Singapore offers many advantages. First, there are many choices of units to choose from. You can also choose a unit that is close to amenities. In addition, you can get stamp duty reimbursements. However, you have to be cautious about the developer’s track record. It is important to buy from a developer who has a strong financial position.
Buying a new launch condo is expensive and requires a lot of money. You have to make a large down payment. The down payment is usually 15% to 25% of the price of the property. In addition, you have to pay a booking fee and option fee. The remaining down payment can be paid with CPF or cash. The down payment may be reduced if the developer offers a discount or early bird discount.
Quieter neighbourhoods
Among the most exciting things about moving to a new city is the sheer volume of things to do. The best way to narrow down your options is to scour the streets for your ideal neighbourhood. Using a map maker is a good place to start. It’s also worth a shot to check out the neighbourhood’s best restaurants, bars and clubs.
This is especially true if you’re a foodie, or a rabid wine connoisseur. One of the best things about a new neighbourhood is that you get to know your neighbours. For example, if you’re the type who enjoys a quiet evening, you may never know that the next door neighbor is a slob who has a taste for wine. This can be a problem if you’re looking to buy a condo, but it’s an easy fix.