Although Singapore is not blessed with a lot of land to build luxury villas and other landed properties, it sure is blessed with talented engineers, builders and land developers who can efficiently turn this limited resource into magnificent and luxurious residential types. While condominiums like Martin Modern may not provide you with a huge amount of space or land to work with, you will be able to enjoy first class amenities such as 24/7 security, indoor gyms, tennis courts and prime locations.
For many Singaporean nationals, Singaporean Permanent residents, and expats, the decision whether to choose a condominium or a landed house as a housing option is always a big challenge. Before you proceed with your decision, you need to keep in mind that both of these housing options are very popular in Singapore, and they require investments. Therefore, you need to do your homework properly in order to invest your hard-earned money in the right property.
The best way to deal with this issue and come to a realistic conclusion is to look at the pros and cons of each housing option.
Pros of Living in a Condominium
- You get to enjoy a lot of amenities such as swimming pool, gym, spa, tennis court, covered private car parking, round the clock security and much more in a condo.
- You get to enjoy easy access to all the local attractions such as MRT, shopping malls, entertainment centres, CBDs, Motorways, hospitals and much more in a condo as most of these condos are built in prime locations.
- Considering the fact that you get to enjoy a lot of extra facilities, the price of condos come with a higher value for money as compared to the landed properties.
- However, you will be able to visit the condo’s showflat location and see if it suits you.
- You also get to enjoy a stunning view of the surrounding areas, since most of the condos are located in attractive places that offer a great view of the surroundings.
Cons of Living in a Condominium
- When compared with landed properties, most of the condos do not offer bigger living area.
- Whether you use the extra amenities or not, you have to pay the monthly charges.
Pros of Living in a Landed Property
- The biggest advantage of living in a landed property is that you get to enjoy more space.
- You do not have to pay for utilities/amenities that you do not use
Cons of living in a Landed Property
- You have to bear the cost of maintaining your landed property.
- You have to spend some money and take measures for your security
- Due to the scarcity of land, the price tag on a landed property is way too high when compared with a condominium.
Keep all these points in mind when confronted with the dilemma of choosing between a condo and landed property.