SINGAPORE CONDO PRICES
People are very interested to know the Singapore Condo Prices. People want to know the exact prices of the condo because they can know what is the exact prices and what they have to earn. The Singapore Condo Prices are very important information that tells the person that what is an affordable price for the luxurious living in Singapore. The condo provides the different living in comparison to the HDB flats. As different facilities are attached to the condo and different to the HDB flats. The facilities like gym, swimming pool, BAR-B-QUE pit, and other facilities are attached to them. Through the condos, people are offered with the high living standard. The condos nowadays are high tech condos, this shows that Singapore condo prices are high as compared to the no tech condos. The tech condos include the technology like auto lock door. I am going to discuss the Singapore condo prices. The price differs according to the different condo types.
The price of the one bedroom condo is 670,000 dollars. The Singapore condo prices increase from here. The 2 bedrooms apartment costs 895,000 dollars. The Singapore condo prices for the residential unit consisting of the 2 bedrooms and a study room is 980,000 dollars. The residential units consisting of 3 bedrooms and the Singapore Condo price of this residential unit is 12,80,000 dollars. The condo that contains the 3 bedrooms and one study room and its price are 1,450,000 dollars. The 4 bedrooms unit of the condo and its price is 1,800,000 dollars. The 5 bedrooms unit of the condo and its price is 2,200,000 dollars. The Singapore condo price of the penthouse is above 3,000,000 dollars. The prices of the condos go up and up with the increase in the facilities attached and the number of rooms it. The price of the condo depends on the following factors:
- A total number of the bedrooms contained in the residential units.
- Facilities attached to the condos.
- The area covered by the condo.
- Location of the condo.
Location matters a lot in the decision regarding the price of that property. If the location of the condo contains all the related facility like the hospital, school, shopping malls, colleges, gym, playground, recreational facilities, and the superstores then the Singapore Condo prices are greater. These condos have more prices in comparison to those which have no facilities attached. In the year 2017, we have heard much good news about the real estate market.
The prices of the condos in Singapore in the 3rd and 4th quarter of 2017 shows a rise and this rise is 0.7 percent. This increase is caused followed by the periodical decline in the prices of condos in Singapore. The Singapore condo Prices are declining for 15 quarters consecutively. In 2016, the house price declines by 3.1 percent but this price again rises by 1 percent in 2017. The sales volume of the private property is increasing and its supply is decreasing in 2017. In 2018, the total growth rate in the prices of a condo in Singapore is 3 percent to 8 percent. This increase in Singapore condo prices is due to certain reasons:
- Better conditions of the condos. They are now well-managed.
- Due to the pent-up demand.
- The land prices are aggressive.
- En bloc
- Return of foreign interest.
The prices are at the peak in 2013 but then these prices decrease by 12 percent. An average Singapore condo price is 900,000 dollars. This is the average price is for the condo that consists of 2 bedrooms and 2 study rooms. People can also take a loan from the bank. This loan is equal to the 80 percent of the total market value of the property. The total time period of this loan is 30 years. The loan to value ratio is applied to this loan which is taken for purchasing the condos. The condo that has an area of 947 sq ft which consists of 2 bedrooms and 2 bathrooms costs 1,468,000 dollars. The condo that also covers the area of 946 sq ft that consists of 3 bedrooms and 2 bathrooms cost 1,150,000 dollars.