Category Condo

A Condo, short for condominium, refers to a type of housing that is privately owned but shares common areas and facilities with other unit owners in the same development. Condos are typically high-rise buildings, but they can also be low-rise or landed developments. The facilities and amenities available in a condo can vary widely and may include swimming pools, gyms, playgrounds, and security features. Condos are a popular housing option in Singapore due to their convenient locations, shared facilities, and security features.

How Much Do You Need to Earn to Buy an Executive Condo in Singapore?

Singapore from Swissotel The Stamford
Considerations for purchasing an executive condominium (EC) in Singapore include income, property prices, eligibility, additional costs, housing grants, and mortgage loans. The current income ceiling is SGD 16,000 per month, and property prices range from SGD 800 to SGD 1,200 per square foot (PSF). Additional costs include stamp duties, legal fees, and mortgage insurance. Eligible buyers may qualify for CPF housing grants ranging from SGD 10,000 to SGD 30,000. Banks offer up to 80% loan-to-value ratio for ECs under construction. For a property priced at SGD 1 million with a 20% down payment of SGD 200,000, the estimated monthly installment would be around SGD 3,382 for a 25-year loan at 2% interest. Consult a financial advisor for personalized advice.

How to Uncover Hidden Gems: Buying an Older Condo with Confidence

Singapore Condos building Impression
The pros and cons of buying an older condo, highlighting factors such as affordability, maintenance costs, and potential investment returns. It covers aspects like age of the building, en-bloc committees, rental transaction history, risk of special assessments and levies, and maintenance costs associated with older condos. The decision to buy an older or newer condo depends on individual preferences, budget, and long-term investment goals.

“How to Successfully Sell Your EC After 5 Years: Unlock These Secret Strategies”

Singapore Building Constrution
Yes, you can sell your Executive Condominium (EC) after fulfilling the 5-year Minimum Occupation Period (MOP). After completing the MOP, you are allowed to sell your EC to Singapore citizens or Singapore Permanent Residents. However, if you wish to sell your EC to foreigners or non-residents, you must wait for a total of 10 years from the date of purchase, when the EC becomes fully privatized.

Best Condos in Singapore for 2023: Our Top Picks

Property Joint Ownership
Finding the perfect condo in Singapore for 2023 may seem daunting, but with some research and consideration of your needs, you can make an informed decision. To start, determine your budget and consider location based on proximity to work or school and amenities like shops and restaurants. Look for condos that offer amenities that fit your lifestyle, research developers and their past projects, and ensure the unit size and layout meet your needs.

Ultimate Guide: Fixing Condo Ceiling Leaks in Singapore – Avoid Costly Repairs!

Fixing Condo Ceiling Leaks
Under Singapore's Building Maintenance and Strata Management Act (BMSMA), the upper floor unit owner is presumed to be responsible for the water leakage and, as a result, the repair costs, unless they can prove otherwise. If you face this issue, the initial step should be to speak with your upstairs neighbour or involve your condominium's Management Corporation (MCST). Both the upper and lower floor units should then jointly carry out an investigation to identify the cause of the leak and proceed with repairs. In cases where neighbours are not cooperative, the Strata Titles Board (STB) can be approached to resolve the issue.

Best Condo Floors in 2023: Discover the Best Floor for Your Dream Home!

Singapore CBD Residential Block
High floors offer breathtaking views, enhanced privacy, and a quiet refuge from noise disturbances. Low floors provide convenience and accessibility, especially during emergencies or power outages. Higher floors often carry a higher price tag compared to their lower counterparts. Lower floors may experience more foot traffic and a greater likelihood of pest intrusions.