Buying off- plan condo ideas

Buying off- plan condo ideas

If you buy off-plan, you have the option of choosing your floor plan from an array of options. You can select from a variety of options and enhancements, which will ensure that when you move into your new apartment, it is exactly what you wanted, finished to meet your specific requirements to provide you with a house that you can be proud of and enjoy for years to take.

A key thing you will find when purchasing any condos off-plan is that you will get discounts. Once the units are completed that is when the sales price for condos typically increases in the course of. Getting in early will help you get the best prices however at the same time, the earlier you are able to commit to buying, the more likely you will end up buying completely off the plan prior to when the foundation is laid. 

LIV@MB located in the prime Meyer/Mountbatten neighbourhood in the East Coast.

It has 1 to 4 bedrooms types & only 298 units built on a relatively large land plot due to its low plot ratio in the area. It’s only 3 mins walk to the upcoming Katong Park MRT and short walk to East Coast Park. It’s also within a short drive to Marina Bay, Shenton Way, Jewel at Changi/International Airport, etc.

Another reason to think about a condo sales off plan is that you secure the ownership of your, but you get to get a longer settlement that gives you a necessary breathing room when making such an investment. Payment is normally only done after the project is complete and the transfer has taken place and this happens just prior to moving into the new residence and begin enjoying your future.

Be sure to conduct your research into the developer, the builder, the architect and the engineers. Ensure that the complex you are looking at is being built by the best local construction companies and managed by the top developers therefore you can purchase the property without any doubt.

It is important to consider location when looking at condo sales off plans. You want to try and pick a place that is regarded as prestigious, an area where you know you will get a good profit in the future. Keep in mind that when searching for good areas, you will spend more money for a single family home than you would for an off-plan condominium. Once the condo is completed it will appreciate in value than it was before, meaning you’ve got the opportunity to invest in a location you can enjoy.

There are a few crucial aspects to be aware of in the contract you sign. Take the time to read every word in detail, ensure you understand the contract and ask your lawyer review it , and assist you with parts you’re not sure about.

The first thing to look for when negotiating the contracts is whether there is a “Cooling Off’ clause. Nowadays, all contracts must include this clause when purchasing off plan. This clause allows you to have a set period of time in which you are able to pull out of the contract if you decide to change your mind at any time. Review the contract carefully to ensure that you are given an option to rescind the contract to ensure your mind is at relaxed.

The next step is to make sure that the complete information about the plans you’ve selected are clearly stated and included in the contract. In the event that you find that after your unit is finished there’s something wrong or isn’t as you wanted and you want it corrected. This clause ensures you know what you are paying for and also ensures the contractor completes your particular condo based on your unique specifications.

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