Answering few questions to buy best Condo unit
When it comes to making investments, certain factors like thorough knowledge, skimmed
analysis, clear understanding, and finance are important. You can easily make investments, if
you are confident about the particular project. One out of such promising projects is
condominiums, in which people are making investments on a larger basis. Specially, the condos
in Singapore have capably been able to attract several investors for making the fruitful
If you are also planning to invest in any condominium unit, but are confused whether it would
prove promising or not, then you would definitely find here a perfect solution for that. It is said
that to decide upon certain factors, asking questions to one self helps in realizing its relevance &
importance. So, here those important questions have been taken, and this would make you take a
The questions that would make you lead to best-suited answer:
1. Start with questioning about the budget
Whenever it comes to making investment, budget plays an important role. Money for investment
has to be taken out after considering all the expenses and necessities. This would ensure that
investment would not affect the financial condition. Moreover, budget would also make you
decide upon the condominium project accordingly.
To understand it better, let us take up an example. Suppose you are planning to invest in New
Punggol Condominiums in Singapore. You first have to confirm about the price of the units and
then would accordingly decide whether it would suit your pocket or not. However, one another
factor that you need to consider is that with condos there are loads of other expenses you would
have to bear, so make space for that as well.
2. Is the time perfect for investment?
Investment is a very critical domain, and one has to be smart enough to identify the right time for
making it. You would have to detect carefully the time, when by investing the money, you could
fetch good returns on investment. Invest in the property, when the market is down as you might
get affordable deal then. However, in present real estate scenario, the market of condominiums is
high and thus, new projects like Yishun new condo, New Punggol condos, and others are
3. Question yourself, ‘Do you need a realtor?’
Realtors are the professionals, who are not only trained but also certified in handling the real
estate dealings. If you doubt about any property unit, then they can help you in it and even in
finding a promising condominium unit for investment. The realtors capably understand the
condominium market and know how to make best out of it and come up with productive
4. Is the condominium association managed professionally?
Several condominium projects like Sky Miltonia are in demand because of the professionally
managed association as well. So, whenever you look up for a condominium unit, always make
sure that condo association is at par with the standards. You must also enquire about the fiscal
reports; board of director's minutes from previous meetings; by-laws, rules and CCRs covenants,
conditions and restrictions. The return on investment would be greatly affected by this factor.
Along with these, below is a list of certain questions that you can consider while looking a
condo project to invest into:
What is the tenant-owner ratio?
The details about the covenants, bylaws, and restrictions upon the property?
Also, consider the reputation of the developer. What are the reviews about all other
projects by the same developer?
Condominium Corporation Assessments planning is important. Have you checked
whether the plans are executed as per the annual rate of inflation?
What are the common areas in the unit? Who all would share the common areas and what
would be the scenario?
These are the questions, which are although not answered, but still would make you take right
decision by investing in a promising condo unit. While enquiring about any project, do ask these
questions to yourself. If you are satisfied with the answers, then you must go ahead for the