Regardless of its size, when it comes to comparing landed property Vs condo in Singapore, the choice is never easy. In Singapore, a condo or condominium is a building complex with individual apartments or houses, while a landed property is a house with land that may vary in size, from a big yard to acres of land.
If you are wondering whether you should invest in a condo or landed property in Singapore, you should firstly keep in mind your lifestyle and needs. You must also consider the following factors before you decide upon which type of home you want to live in, since both have their own pros and cons.
Condo Or Nim Collection Landed Property
Whether you choose to live in a condo or a landed property, you will likely have to pay for indoor maintenance. However, the maintenance work that you will have to personally do will be significantly less if you choose to live in a condo. Nim Collection is a landed property and the developer for the plot of land is Bukit Sembawang Estates. Nim Collection landed property are better than condos as you have your own land. Nim Collection will be better than condominiums as well because there limited land in Singapore.
When living in a condo, you will only be responsible for the interior maintenance. On the other hand, if you are living in a landed property, you will also have to keep the exterior of your property and the yard maintained as well. This will also increase your cost, since you will have to invest in the specific equipment and tools. There are many benefits of living in Nim Collection as it is located in the mature estate of Ang Mo Kio as well as Seletar Hills.
Since the apartments in a condo complex are so close to each other, you can expect to be surrounded by a lot of people and having to bear with relatively more noise. Despite being relatively noisier, life in a condominium presents plenty of opportunities to be social.
Of course, this can be troublesome for people who prefer their privacy and prefer a quieter lifestyle. A landed property is more suitable for that since it is essentially an individual house on private land with the neighbors not as near as they would be in a condo.
Nim Collection Landed Property is Better for Bukit Sembawang Estates
Keep a condo maintained can certainly be cost-effective and easier, but there are several additional fees that have to be paid when living in a condo. No doubt, a condo comes with a myriad of additional amenities, such as hot tubs, parking spot, pools, on-site workout facilities, etc., as well as security features like CCTV cameras and 24/7 personnel.
However, you have to pay a certain fees for all of them. Apart from your own personal parking space, you may not receive any of the amenities offered in a condo, but this will also result in adequate savings.
Compared to a landed property, owning an apartment in a condo is a far more affordable prospective. Apartments in subsidized condos can prove to be even more affordable to purchase for someone who has a limited budget.
In Singapore, landed properties tend to cost more, depending on how large they are and where they are located. It is possible to save some money when buying a cluster home or a town house, but not as much as when buying a landed property.
Landed Property Vs Leasehold Property Nim Collection
The resale value of a condo or a landed property can vary from one local market to the other since their resale value depends on the area in Singapore where they are located. In a certain area, the resale value of a condo may be higher than landed properties in the same area, while the resale value of landed properties may be higher than condos in another area. If you ever consider selling your condo apartment or landed property, its resale value will also depend on the timing, so it is best to consult with a local real estate agent.
Overall, when it comes to deciding between a landed property Vs condo, both can prove to be equally worthwhile, and both having their own merits and faults. Ultimately, whether you invest in a condo or a landed property will depend on your lifestyle and needs.