Buy a Residential Condominium Property Instead Of Renting One

There are a number of differences between buying a condominium property and taking one on rent. Even though the type of property remains the same, there are significant differences in the quality of lifestyle led by the occupants. This is primarily due to the ownership features and aspects that get involved. The difference in the ownership rights causes minor changes to the usability of the property, and in turn, causes a significant impact on the way occupants live their lives in such residences.

When you buy a residential condominium unit in Singapore, you are the owner of the unit. Now, you do not become the owner of the entire building or complex in which the condo unit is located, but only the unit you have paid for. The condo units located next to your walls are bought by some other people, and hence, are owned by others. Hence, all the owners of the condo units in the building and complex become joint owners of the entire property. Everyone has the right to pass their opinion in regards to any developmental activities taking place in the condominium complex, and all decisions are taken while keeping the benefit of every individual in mind.

Moreover, when you buy a residential condo unit in complexes like the North Park Residences Singapore, you are entitled to a number of tax benefits. These benefits are offered by the government of Singapore, and are of tremendous help to condo buyers as they help them to save significant sums of money. Now, if you are renting a condominium property in order to accommodate your family, you are not eligible to these tax benefits offered by the government. Moreover, the amount of money that you pay as rent helps to aid the owner of the condo unit to pay off the mortgage installments. Hence, in an indirect note, you pay for the residential property, but you do not get to enjoy the ownership of the property.

Hence, it is always best to purchase a residential condominium property rather than renting one. You can always check out a new launch condominium Yishun or other areas of the city, and purchase one that suits your needs and requirements. In case you do not have the money to afford one, you can always obtain a loan to finance the purchase. There are numerous private funding groups and banks that offer great loan schemes to help people afford the homes of their dreams.

What are you missing by not living in a residential condominium?

You might find the privacy and the large amounts of available spaces of private single-family homes to be very tempting. Landed and semi-detached properties do have their own benefits to offer to the occupants. Residential condominiums, however, offer a number of benefits that cannot be matched by private single-family homes, a least not at the prices at which residential condo units are available in big cities like Singapore. So, what are the facilities that you are missing out on by not living in a residential condominium in Singapore?

• Community and social life: Private houses offer so much privacy that you might not know much about the people living in the neighborhood. Most people in a neighborhood of private houses often restrict themselves to their own private lives, and there is very less scope for social interactions and gatherings. Condominiums, on the contrary, offer great social life as you will live along with a number of other families in the same building. Hence, socializing is much easier and you can form strong bonds with your neighbors. This can be very helpful in times of need, as there is always somebody living close by to lend you a helping hand.
• Exciting and luxurious facilities on offer: By living in a condominium in complexes like the Botanique at Bartley, you will have access to a number of exciting facilities like swimming pools, tennis courts and playgrounds for children, gymnasiums, barbeque areas, parking spots, etc. You do not have to pay much for these facilities as the construction costs are included in the purchase price of the condo unit you buy. All you need to pay is a monthly fee for the maintenance of these facilities, and this fee is collected from every owner of properties in the complex.
• Affordable living in the city: By opting to live in condominiums, you have the luxury of living in the city without having to spend more money than your budget. Private condominiums are easily affordable for a person with an average income in the city of Singapore. Hence, you can buy a condo unit from a Bartley condo new launch at inexpensive prices, and live close to your workplaces and all the important amenities of the city.

Therefore, if you have the desire of living the best possible lifestyle in the beautiful city of Singapore, you should not waste any time. Check out the new condominium launches happening in the city, and get a condo unit that serves the needs and requirements of your family.

7 Reasons Why You Must Invest in Botanique At Bartley

Buying a house is a very big decision because it involves huge investment and sometimes it is your lifetime saving. Since the decision is big it is important that you spend some time in planning and doing some research. There are many newly launched projects in Singapore where you can invest for a comfortable home and financial security. Botanique at Bartley is one such project and if you are thinking what makes it unique then here are the 7 reasons which make it a perfect dream house.

1. The executive condo is nested in a proper residential area providing seamless connectivity while people living here can enjoy the spectacular greenery.
2. This is a 99 year leasehold property and has units of different size. You can select the size depending on your need and budget. The project has one, two, and three bedroom apartments.
3. While the design of the project focuses on urban style living, all the amenities have been added in it ensure that the residents can enjoy and lead a sophisticated lifestyle. Some of the amenities included in the projects: swimming pool, gym, fitness station, clubhouse, tennis court, children play area, parking area etc.
4. The project is an ideal destination for people of all age, starting from families with school going children to oldies. There are many schools, colleges, heath centres and other places of entertainment nearby.
5. The project has been developed by a renowned company UOl, which means the quality is flawless.
6. Land is scare in Singapore and condos with all modern amenities are in huge demand. Buying a house in such a project also means that your investment will grow in the near future. You can also let it out on rent and enjoy monthly cash flow.
7. This prestigious condominium near Bartley MRT has 797 units, distributed over 9 blocks. All the apartments in these blocks have been carefully built, keeping in mind that the lush landscape is not spoilt.

Benefits Of Investing in Singapore Real Estate

It will be very difficult to calculate and come up with the exact figure but it is noticed that almost all the people working in Singapore tend to buy a house, whether condo or private property. Some of the reasons behind the investment are:

1. The first reason behind the investment is because of the lack of policy restriction, especially for local people. The procedure of buying a house is simple and your finances are secured. If the property is good and has all the amenities like the Palms Sixth Avenue Singapore then you can also make profit when you sell it in the near future.
2. Most of the property in Singapore is either freehold or leasehold for a period of 99 or 999 years.
3. Investment in capital market means there is always a risk involved but buying property in Singapore is a very safe bet. Market fluctuation is the only thing that investors must take care off in real estate market, especially in Singapore.
4. Most of the banks provide loan for investing in property. Thus, with proper planning anyone can buy a house. All you need to get the loan approved by the bank is your income proof.
5. Banks charge interest against the loan they provide and the minimum amount that you can apply for is about 70 percent of the property value. The amount of monthly installment and the tenure depends on your income and also your age. So this comes as an added advantage because if you are young then the tenure of the loan will be more and the amount will be comparatively less.
6. Many renowned companies have their base in Singapore and this is the reason that the population of Singapore is growing with expats and professionals. When they come to the city the first thing that they do is find a nice house to live. If your property is in projects like Palms at Sixth Avenue then you can also enjoy hefty monthly income.

North Park Residences – An epitome of luxury in the Yishun district of Singapore

North Park Residences is the new condominium project that is being developed by Fraser Centrepoint Homes. Coming up on a land that is on a 99-year leasehold, the project will feature a 13-storeyed complex housing about 920 residential units. The apartments will range from 1 bedroom units to 5 bedroom units which would be ideal for single individuals as well as medium and large families.

The strategic position of this new residential complex along with the wide array of amenities it is planning to bring to residents has already interested numerous investors and home buyers. One of the best features of this new launch residences Sembawang is that it is going to be just along the North Point City shopping mall. The shopping mall will bring plenty of retail and dining options to the residents of North Park Residences and there is going to be no death of entertainment options either.

North Park Residences will also present its residents with some of the best living amenities that are at par with the global standards. These will include a function room, a clubhouse, indoor tennis court, a guard house, a sun deck, a 50 meters long swimming pool, aqua gym, yoga deck, ten thematic gardens, children’s playground, outdoor fitness station and BBQ areas. The project will also have seven separate pavilions and pools.

The new condo project will also bring residents close to nature as this can have a strong impact in their physical and mental wellbeing. The Bottle Tree Park and the Lower Seletar Reservoir that is quite close to this project can bring abundant access to nature. North Park Residences is also quite close to numerous other shopping malls and entertainment zones, which can be quite convenient for the people living here. Moreover, it is also well connected to other parts of the city via a fine network of roads.

North Park Residences Offer State of The Art Living Environment For its Residents

North Park Residences Singapore is the latest mixed development real estate project that is currently being constructed at Yishun Central area. Conceptualized and spearheaded by Fraser Centrepoint Homes, it is a 13-storeyed integrated complex that will include about 920 residential units. The units will be of various types and sizes, and will include anywhere between 1 and 5 bedrooms. This makes them perfect for single individuals as well as large families.

The North Park Residences is going to be developed just above a retail mall and will have easy access to a community club and bus interchange. It will be closely integrated with the North Point shopping centre with link bridges and covered pedestrian promenade. The North Point city mall will also come with a wide array of amenities like large food court, hypermarket, childcare zones, banks, library retail and service areas that offer residents with the best choices in terms of shopping and gourmet dining.

The new launch residences Yishun Central will enable residents to reach the Yishun MRT through an underground tunnel from the North Point shopping complex. The North Park Residences will also be well connected with numerous other expressways like Tampines Expressway (TPE), Central Expressway (CTE) and the Seletar Expressway (SLE). The Yishun MRT station along with a wide range of transportation systems in this area make it easily accessible from other parts of the city.

The residential complex itself will provide people living here with tons of high quality amenities such as an aqua gym, a 50 meters lap pool, hot spa, cabana garden, gymnasium, water cabana, clubhouse, dining lounge and park villa. Two other shopping malls in this area will also provide residents with plenty of retail options. The place also has numerous schools and medical facilities which make it a perfect spot to raise a family.

Palms At Sixth Avenue- Project Details

Buying a property is considered as the best investment and if it is in a project like Palms at Sixth Avenue then it becomes even more worthwhile. There are many new and good property in Singapore but Palms is simply unique. If you are wondering why then know about it in detail.

1. It is a freehold cluster project developed keeping in mind the privacy of the residents. The Sixth Avenue at Bukit Timah district has been selected as the location of the project.
2. The project will have 32 units spread over 32 blocks. Each block will have 3 floors.
3. This magnificent project will be spread over 69,017.69 sqft area and will be developed by the renowned company MCL Land (Serangoon) Pte Ltd.
4. The interiors of the units are simply exquisite and modern. You can spend a luxurious life with your family in these units.
5. There are private pools where you can sit and relax for some time after the whole day of hard work.
6. The private terrace of the units is an ideal spot for parties. You can also spend your evenings here enjoying the natural breeze.
7. Ducted air-conditioned systems are provided in some areas of the unit which includes dining space master bedroom, living and dry kitchen area.
8. The intercom facility on each level helps you stay connected with the members of your family on each floor.
9. The master bedroom of the units in Palms Sixth Avenue Singapore has walk-in wardrobe.
10. The project will connect you to MRT Station, a major expressway, which means you, can easily commute and reach any corner of Singapore.
11. Many renowned schools like Henry Park Primary, Raffles Girls, and Nanyang Primary etc are located nearby. There are also many international schools close by the project location.

Condos: All you wanted to know about them

When you are investing in a condo you would definitely want to look closely at a few factors—simply because you do not want commit an error when it comes to zeroing in on your choice of living. Going through this blog will help you discover a few nuances of condos which can bolster your overall knowhow in this matter. So read on to find out more.

Two of the most notable reasons behind the popularity of condos are the great resale value and the convenience offered by them.

Condos come with a host of amenities which are generally not available with detached single family houses. Swimming pools, clubhouses, gyms, play courts etc are just some of those facilities. These facilities serve as added perks when you are about to sell the condo and definitely go on to add a lot to its resale value.

Living in condos remains more convenient than living in detached houses. You are really required to break your head over maintenance and repair works. You can just call up the association members for a repairer to get your stuff fixed.

You will be charged a fee (annual or bi-annual or weekly) for using the aforementioned facilities. The association will enforce a few by-laws which you have to abide by. You have to understand the rules and regulations thoroughly before you are buying the condo. An attorney can help you understand these regulations.

Please make sure that you are considering these factors before settling for north park residences Singapore. The location and size of the apartment are two factors which will affect your choice in a major way. Please make sure that you are securing rates from multiple condo owners before settling for a choice. Find out about north park residences yishun central in this regard.

Benefits Of Investing In Pre-launched Residential Projects

Buying a house is a dream that every one of us have, but budget and need can vary. Before you buy a property proper research is essential to make sure that your investment is safe. If you are in a hurry and would quickly like to move into your own house then invest in a completed project or else pre launched properties are the best. Here are some advantages that you can enjoy:

1. The developer need capital for everything starting from project launch, laying foundation and for construction.  They can take loan from banks to start with the project but if they opt for loan then they will have to pay interest, which means the price of the property will go up. To generate interest free capital the developers provide certain benefits to buyers on booking units at the pre-launched state.
2. Projects like North Park residences Yishun Central have all amenities essential to lead a sophisticated lifestyle. Booking in pre-launched property like North park means you get a premium property at minimum cost.
3. If the project is located in the heart of the city then your investment will surely grow in the near future because connectivity is one thing that all buyers want and projects with this facility are huge in demand.
4. Many say that investment in pre-launched property can be risky but you don’t have to worry if the developer is renowned and holds reputation in the market.  New launch property Yishun Central is one such project developed by a well-known company, Frasers Centrepoint Limited.
5. Moreover the construction companies include a point in their agreement for their customer who have booked a pre-launched unit that says they will pay them compensation if the property is not delivered on the date promised. This also means buyers will not have to suffer monitory loss because of delayed delivery of house.

Real Estate Investment- Why Lakeside Residences Jurong Lake Is The Best

People invest in stock market and real estate to make money but if proper research and planning is not done then you can never achieve your aim. The price of real estate will only grow if it has all the amenities and located in an area with good connectivity. Lakeside Residences Jurong Lake is one such project where your investment is not just safe but it will also grow in near future. You must be thinking why and how is it possible? Here are some points which explain the reason why the project is unique in itself.

• Lakeville is a leasehold condo located at Jurong West Street 41 in District 22. One can reach any part of Singapore from here. There is a bus stop at the doorstop of the project site from where you can get bus connecting major expressways like Pan-Island, Marina Coastal, and Ayer Rajah. Chinese garden and Lakeside MRT stations are just a short distance from the Lakeville project site.
• The project is spread over a large area and it will have a total of 696 residences.  You can buy units depending on your need and budget which starts from a one bedroom unit to 5 bedroom penthouse.
• The project has everything starting from swimming pool, gym, fitness station, car parking, tennis court, lounge, shops, to cabanas, necessary for leading a sophisticated and relaxed life. The project also offers 24 hours security service, which means your house and family members are protected when you are away for work.
• Everything starting from renowned educational institutions, hospitals, clubs, shopping malls, and other places of recreation are also not far away from Likeville at Lakeside Singapore project site. Few reputable educational institutions located nearby are Canadian International School, National University of Singapore, Rulang Primary School, and Fuhua Secondary School.