5 Points To Look Out For When Buying A New Condo

The Singapore property market is an extremely active and fast-paced arena. Buying a condo unit, for instance, requires a substantial amount of outlay, even if you are looking at a relatively small unit. Take a compact 600 square feet unit at a city fringe location as a working example. Assuming a psf of $1500, we are talking about a $900,000 price tag! And we have yet to factor in buyer’s stamp duty, additional buyer’s stamp duty (ABSD) (if applicable), refurbishment expenses and cost of mortgage….and perhaps some other miscellaneous expenses. All these add up, mind you! For today’s discussion, let’s focus on investing in a new condo launch. What should one look out for before making that big decision? This article will arm you with some basic yet invaluable knowledge to help you decide.