What is a condo & What to look for in a luxury condominium?

by Dave Moody Real Estate

What is a condo or a condominium?

 

A condo or condominium can be defined as a residence or a place to live, or a home. The main difference between a condo or an apartment is that a person who owns a condo can use the common elements or standard amenities with other people living. A condo can be a townhouse, office building, residence etc. Condominiums are most popularly found in Singapore and metro cities. Luxury condo in Singapore are most famous for the elite class of people.

A luxury condominium and an ordinary apartment are not the same even if there are facilities included in it. The word luxury defines itself that it will be a condo of dreams. Condo for the elite class Singaporeans will have the interior of their taste too, like the furniture would be modern and of the latest trends, the paint the architecture and much more.

 

Key features to look at in a luxury condo and its benefits.

 

• Security and Safety: Whenever you plan to buy a luxury condominium in Singapore, you should give your first priority to security. The society or place where you will be spending thousands of dollars to own should have cameras and 24x7 security guards facility. Individuals who are the residents of the place should have their own ID to enter the premises, and strangers should enter the premises on permission and confirmation.

 

• Location: The location of a luxury condominium in Singapore should be in a prime area or in the center of the metropolitan city. The best advantage of a premium condo being located in the centre of the town or very close to the city is that it is very near to the place of work. Being the prime location of the luxurious condo, you can also take advantage of parks, hospitals, malls, your child’s school, library and places of worship, which are located nearby. 

 

• Transportation: If you are living in a well-developed area in the centre of the city you will not face any type of problem with transportations. The transport facilities provided by the government will be very easily accessible. You can have hassle-free transport for yourself.

 

• Luxurious facilities: You should see all the facilities before buying the condo. If the condominium is at a reasonable price with all the facilities at your doorstep, then you should not miss the deal and confirm it as soon as possible. The main benefit is that when you buy a luxurious condo in Singapore, your amenities which you might share, will be maintained by the corporation or the society throughout the year.

 

• Views:  The most precious part of buying a luxury condo in Singapore is that when you are looking for a choice of a condo, you see absolutely stunning views from there. If you have bought or ever lived in a luxury condo, you might have experienced great views, from skyline views to extraordinary city views. You can even see oceans or lakes from a luxurious condo if you have come across one.

 

• Income generation: Owning a luxury condominium in Singapore is no loss at all because even if you don’t want to live in the condo you have purchased, it can work for you as an investment. You can put the condo on a rental program and generate an income from it. This is one of the best advantage of a luxurious condo.

Sponsor Ads

• Ad Space Available - Rent it Now!

Created on Apr 22nd 2021 01:27. Viewed 335 times.

Comments