Real Estate

How to get a good condo unit in Singapore for homestay or investment

Many properties are being built in Singapore, construction started in the fourth quarter of 2009. This is due to the new Singapore Integrated Resort, Amusement Park and Casino, completed in 2010. There is also the new double helix bridge that joins with the Super Trees to be planted on the new and renovated front of the marina.

New launch units good for homestay include verdana villas, estri villas, cyan, tri-light. These have 2 and 3 bedroom penthouses and penthouses which is ideal for a family of 3 and 4.

Get the units of choice at the lowest psf prices.

1. Pre-launch

The developers will provide pre-launch prices in order to sell the first units. As such, buyers can be found lining up the night before to get the choice units they want. Typically, buyers will hand over a check to an agent company that will handle the transaction for them. The purchase is always made through a marketing company who, with the right contacts, can obtain discounted prices.

2. Talking to the developer about the price

Even if you’ve missed the pre-launch, it’s still possible to get $25 psf off unit prices. Especially if you plan to get a 4-bedroom unit or a penthouse, one of the larger units, developers can often be flexible. 2 bedrooms are often hotly contested, especially units that are away from the setting sun to the WEST.

3. Subscribe to mailing lists

If you are interested in investment properties, then it is a good idea to sign up for the mailing lists to stay informed about new property launches. You can then have time to plan your finances and decide earlier if getting a unit is right for your current situation.