Buyers Can Still Find Private Homes For Less Than S$1million In Singapore.
Online, July 28, 2012 (Newswire.com) - Singapore condominium or Singapore apartment units costing less than S$ 1million can still be found in both new launches and secondary market in Singapore. It is rarer to find such units among new launches as the land prices has driven developers to increase their pricing or offer smaller units. Smaller units measuring about 540 square feet or less and costing less than S$1million may be too small for a family. If buyers are looking for more decent sized units, the likely option will be from the secondary market. But buyers looking for units in the secondary market should not expect up to date styling or prime locations. Such buys can still be a good deal if the property in an area that is set to be revitalized or developed.
However, older properties will have more maintenance issues which will require higher upkeep. If there are any major repairs, the owners will have to use the property's sinking fund or even pay cash for the difference required. In addition, banks may not be willing to extend loan to leasehold properties with short leases remaining.
Buyers should also consider the "rentability" of the property before buying the unit. They have to look at capital appreciation as well. Properties located near train stations and town centers generally have higher capital appreciation potential.
Apart from condominiums and apartments, BuyRentSingapore.Com, a Singapore property listing website, has also seen capital appreciation in landed homes since 2005. Demand for landed homes located on freehold or 999 year leasehold sites are relatively high as owners have full ownership of the land. Nonetheless, landed properties in Singapore still command high demand because Singaporeans still covet for such properties.
Local Singaporean or foreigners looking to invest in http://www.BuyRentSingapore.Com should check out http://www.BuyRentSingapore.Com or http://www.BuyRentSingaporeProperty.Com to get an overview of the projects available in Singapore and the latest promotional offers.
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