Category: Real estate

The beautiful thing about real estate investments is that there are so many possibilities. But, despite the present chaos produced by the Coronavirus and increased predictions of a potential recession in 2022, what is the best option for you? Is purchasing a condominium a wise investment? Yes, if you acquire at the correct moment in the market cycle, inflation is low (if you’re financing), and you plan to live in the condo for a few years. You should be free to maneuver through with your condo buying with certainty if you can check the boxes on those three high-level criteria.

The value of condos rises throughout time. That is true of any chunk of land that does not have wheels or originate from a trailer park. However, if you’re deciding between a condo and a house, please remember that a single-family home will often appreciate in value sooner than a condo. For example, between 2017 and 2018, the median price of condos increased by 3%, whereas the median price of single-family homes increased by almost 5%.2 This isn’t true in every circumstance. If you locate a condo in a desirable location and a single-family house in a less desirable location, the condo is likely to value faster. So all you have to do now is select a cozy-looking condo in a great location.

One of the most appealing aspects of condo ownership is the cost. In April 2021, the typical sales price of a condo was $300,400, while the median sales price of a single-family home was $347,400, according to the National Association of Realtors. With inventory at an all-time low and prices continuing to rise, more investors may see condos as a desirable and cost-effective alternative. Condos are appealing to folks who want to live in a community setting. Grilling areas, gyms, pools, and other common amenities can be found in many condo developments. These appealing features may make it easier to obtain renters for a condo or Airbnb visitors.

Condominiums for personal use like North Gaia EC come with unique benefits. Every condominium offered for sale at Crown Asia’s numerous sites will always be adjacent to business centers and hotspots. Everything is close by and easily accessible, and other good businesses and restaurants. The perils of commuting and exposure to possibly dangerous illnesses will be less of a concern. Also, because DIYs are now the fashion during the outbreak like everyone spends so much time at home or in a condominium, you will have the chance to customize your own condo, making your pandemic lifestyle even more vibrant and entertaining.

Consider all costs, not just the purchase price, when buying a condo. Include the monthly condo fee, maintenance charges, and any upgrades you want or need to make. Then think about whether the lender or bank is going to rise or fall. Is the property in good condition? What is the age of the structure? What common areas will need to be repaired or rebuilt in the near future? If you own a condo unit, these factors may raise your condo association fee.

Home has consistently been a get-together spot, comfort place, and haven, providing people respite from the meddlesome ways of the world. When looking for a house, people only want the best, and it is completely normal. After all, for most people, buying a house is generally a one-time affair. If you are looking for a housing society that provides you with a comprehensive list of amenities, then Pasir Ris 8 might be an ideal option for you. To gather more information about this housing society, its developers, and the various facilities provided by them, read further:

What makes Pasir Ris 8 an Ideal Housing Society?

Multiple factors make this Allgreen and Kerry society a great housing choice. Some of the many reasons have been stated for you:

  • Proximity to places that provide essential services:

One factor that trumps all factors while deciding on a housing society is its proximity with places that deal in essentials. With an integrated bus station, an integrated mall, expressway four minutes away, multiple schools at a distance of one kilometre or less, and about three parks within reach, the Pasir 8 is a project worth eyeing. 

  • Well equipped kitchen:

You can cook delicious meals in your well-equipped kitchen. Invite over all your guests and leave a lasting impression on them by treating them to delicacies.

  • Top-notch bathroom fittings:

High-quality bathroom fittings from top-notch brands will adorn your bathroom. You will not be wasting time, energy or money on getting the plumbing done time and again. 

  • Spacious:

The apartments of the condominium are very spacious. You can opt for a one, two, three or four-bedroom apartment, depending on your requirements. No matter what your requirement may be, this housing society ensures your comfort.  

  • Reliable developers:

The Pasir Ris 8 is an initiative by Allgreen Properties Ltd., known for carrying out multiple successful projects since its formation. Therefore, pre-booking your dream home in Pasir 8 is a decision that you will certainly not regret.

  • Futuristic:

Its conception is futuristic as it is bound to draw many employment opportunities in the next ten years. Moreover, by 2029, this housing project will shorten the journey time for its residents to other parts of Singapore by about seventy minutes.

  • Facilitation of natural living:

With plenty of central greenway, riverways, and nature gateways and ways, the condominium will promote a natural way of living. With the pre-existing parks and the establishment of even more parks, people only have multiple sources of recreating but fresh air to be.  

Getting to know the developer

People might have their inhibitions about developers since scammers have hijacked the entire housing industry. Therefore, it is always advantageous to research well in advance about them before pre-booking a certain property. In this case, Allgreen Properties Ltd. is the developer. An offshoot of the Kuok Group, Allgreen Properties is one of the biggest property developers in Singapore. They have won various awards for working on high-quality projects that include both malls and apartments. 

Situated at the heart of Pasir Ris, the Pasir Ris 8 is a wholesome housing project. Their natural living initiatives have retained the heritage park, which entails proper circulation of oxygen. Apart from the airport being an eight to ten-minute drive away, it has other important places of essential services located in its vicinity. Not to be forgotten, the flats will be well equipped and spacious; thereby, making the condominium an ideal place to reside in.