A condominium in Singapore like Lentor central residences is a type of residential property that consists of apartment-style units located either on the ground or top floors of a building. When compared to other types of housing available in the country, it presents a unique opportunity to live in a place where space and cost are at an economical premium. Most of the condos come fully furnished, with features such as kitchenettes, dining areas, backyards, swimming pools, fireplaces, security systems, and more. A Singapore condominium also allows for added flexibility such as the ability to lease or sublease the unit to a tenant of your choice.
Although a Singapore condominium offers many advantages, there are some disadvantages as well. Although the economy has been doing well, property values have decreased in some areas of the country. In addition, although Singapore tourism has grown tremendously over the past decade, there is still no significant influx of tourists from abroad. While these things may not concern most people, they are issues that you should be aware of before investing.
A big advantage to owning a condo in Singapore is the ability to live in an urbanized community without having to conform to the often restrictive lifestyles of the suburbs. Most Singaporeans enjoy the bustling life that the city offers, and a condo gives residents the opportunity to experience this lifestyle without having to travel out of their comfort zone. Because condos are usually built on high levels, they provide excellent views of the city and its landmarks. In addition, most units come with their own elevators and loading docks. This convenience makes condo living very appealing to residents who are always on the go.
Another advantage to living in a Singapore condo is the ease of maintenance that they afford. The majority of them are on the higher levels, so maintenance is very efficient. In addition, homeowners are spared from dealing with the intricacies of flooring and plumbing, which allows them to save a great deal of money in the long run. Additionally, some condo communities offer monthly or annual maintenance services that can greatly reduce your outgoings. You can also consider northumberland residences or Meyer House at Tanjong katong
As most residents will agree, the cost of living in a Singapore condo is considerably lower than that of a typical single detached unit in the city. While the cost of utilities is kept to a minimum, that does not mean you have to forego certain luxuries. Because there are no individual buildings to maintain, there is very little maintenance required on the part of the condo management company. Residents are instead given the freedom to choose among a wide variety of features and amenities, allowing them to live a comfortable and convenient lifestyle.
One final advantage that should be mentioned is the fact that condo living is much more environmentally friendly than housing developments built prior to 1990. As a result of this, Singaporean citizens have been approved to live in condominium buildings that contribute towards the Green Belt, an environmental conservation area in the country. If you want to move to a condo in Singapore and further protect the environment, then by all means, do so! Just make sure you do it in advance. After all, green moves never come easy!