What is a Winning Condo in Singapore?

What is a Winning Condo? Choose the right Condo with these Tips

What is a winning condo in Singapore and what are its attributes? Let me share with you 4 tips, so you can choose the right condo in your next purchase.

📌Tip #1: Peek into the Masterplan

Masterplans guide Singapore’s development in the medium term over the next 10 to 15 years. It is reviewed every five years. Investing in Singapore can be as easy as studying the URA masterplan with key growth areas.

What is a Winning Condo in Singapore

📌Tip #2: Go for Bigger Projects for Investment

For investment, I prefer bigger projects. Bigger than 500 units for example. Bigger projects have more transactions and will reflect more recent prices. In 2019, I sold a resale condo at Park Court. It is a freehold project with 48 units, near to Paya Lebar MRT station.

The challenge: During my research, there was no transaction during the past three years. So valuation was done based on 2016 pricing. Pretty low.

📌Tip #3: Holding & Loan Strategy

After you find your dream home, it is time to think about holding and loan strategy. Holding strategy is like 99/1, decoupling and trust. This will help you save on stamp duties. A loan strategy like pledging show cash will help you increase your loan.

Holding and loan strategy is a very big topic and I will be doing a series of videos on this topic

📌Tip #4: Avoid these units if you are buying for investment

The first type of units to avoid will be patio and penthouse units. These are lifestyle units with many open spaces, that can be a waste of space. Avoid the bin centre and BBQ pits, because these will bring you some unpleasant smell during certain times of the day. Avoid the West sun. It is very hard to sell a West sun unit in the resale market.

Also, try to avoid a low floor. Low floor units might not be as sellable as high floor units. Traditionally, the 2nd to 4th floors are considered low floors.

Hope these four tips help. Thanks for watching.

You may be interested in these topics

  1. Worst Mistake When Buying Condo
  2. Does it have to be Freehold?
  3. How to Spot En Bloc?
  4. When is Leasehold 99 Better than Freehold?

[Top 10 Condo Questions]

  • Does it have to be Freehold?
  • Old Aging Condo has No Value?
  • New Condo Sizes are Shrinking! Secrets Revealed?
  • Why New Condo when Resale PSF is cheaper?
  • Should I avoid Low Floor & No Views Unit?
  • 1 BR vs 2BR –Which is Better for Investment?
  • Why “Near MRT” will Get Less Important?
  • Buying for Primary School Enrolment?
  • Does Developer reputation matter?
  • Does District Matter? (CCR vs OCR)

Check out all top 10 condo questions here

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Dennis Lim

Dennis has more than a decade of experience investing in real estate. Like many fellow Singaporeans, he grew up in a HDB flat with dreams to live in a condominium. Through careful financial planning & hardwork, this became a reality when he was 30. He now owns 3 private properties in Singapore and has helped hundreds of Singaporeans to achieve their goal of upgrading their homes in land-scarce Singapore.

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