One of the most important steps in your home buying journey is deciding which kind of property to purchase. Singaporeans have lots of options, including HDB flats, leasehold condos, and freehold condos. Considering the financial side of the equation and determining what you can afford to spend is crucial.
But don’t forget to think about lifestyle factors as well, such as the amenities, security, and privacy offered by each type of real estate. After all, you’re probably going to be living in this property for several years or more, so you want to enjoy your time there! To help you find a place you can truly call home, here are five signs the condominium lifestyle is best for you.
You Want Access to the Best Amenities
One of the best parts of the condominium lifestyle is the unparalleled access to top-of-the-line amenities. Condos like The Continuum Singapore feature luxurious facilities, such as a state-of-the-art gym, swimming pool, sauna, tennis court, clubhouse, and more.
In comparison, HDB estates don’t have as many amenities. And the limited facilities they do have (usually gyms and pools) are open to the public, which means they can get quite crowded. Recreational areas in condo complexes are reserved for residents and their guests. So as a condo owner, you won’t have to fight crowds to enjoy a dip in the pool or a workout at the gym, allowing you to truly relax after a long workday.
Another desirable aspect of the condominium lifestyle is the close proximity to neighborhood amenities and transportation. The Continuum at Thiam Siew Avenue is conveniently located near many shops, restaurants, medical facilities, schools, and office buildings. The complex is also within walking distance of several MRT stations and close to expressways, enabling you to get wherever you need to go. If you enjoy convenience and quick and easy access to the best amenities, that’s a major sign the condominium lifestyle is right for you.
You Value Privacy and Security
Compared to HDB flats, condos are usually quieter, more private, and extra secure. Many condos are monitored by security guards 24/7 and have perimeter walls and surveillance cameras. The elevators and recreational areas are usually locked and can only be accessed with keycards given to residents, which provides an additional layer of protection. So the condominium lifestyle is ideal if you place a high value on privacy and security.
You’re An Animal Lover
Another benefit of the condominium lifestyle is that you can have whatever kind of pet you want, which isn’t the case in HDB estates. HDB residents can only own fish, hamsters, birds, and dogs. Cats aren’t allowed, and there are restrictions on the size, breed, and number of dogs you can own. You can only get one dog from a list of approved breeds, and it must weigh 15kg or less. This greatly limits your options when searching for a furry friend.
Many breeds that are popular with families are banned, including Siberian huskies, golden retrievers, and German shepherds. Luckily, condos are private property, so none of these rules apply. That’s why condos are perfect for animal lovers who want to live somewhere pet-friendly.
You Want Your Investment to Pay Off
Your home isn’t just a place to live—it’s also an investment that you hope will pay off in the long run. If you want to turn a profit when you sell your home someday, a condo is the way to go. Condos usually appreciate faster than HDB flats, especially if they’re part of a freehold residential development like The Continuum.
When you buy a freehold condo, you have the right to own and occupy it for as long as you like, barring circumstances like an en bloc sale. You can even pass the property down to your kids to set them up in life. Leasehold condos, on the other hand, have leases that expire after a certain number of years, usually 99. Leasehold condos can start depreciating in value as the period of time left on the lease dwindles, but this isn’t an issue with freehold condos.
Freehold condos can still appreciate as they age and command high resale and en bloc sale prices, especially if they’re in a desirable location. So if you want to make a sound real estate investment, consider a freehold condo in a sought-after development like The Continuum.
You Love a Good Deal
Direct developer discounts are another potential benefit of buying a condo. When you purchase a new launch condo and get into a development early, you can score a discount of up to 10% off the purchase price. That’s a huge savings!
Want to save money on the condo of your dreams? Book an appointment to view The Continuum’s showflat today and take advantage of early bird discounts!