Pre-sale of condos means a project in the form of a plot of land that will later be built as a condominium, but because the building does not yet exist, the developer offers to several people to invest in this project. Of course, the advantage is that the pre-sale price of this condominium is relatively cheaper because there is no land dredging process. Meanwhile, if you’re looking for a strategically placed condo in Singapore, we recommend you to check out the Pullman Residences.
Here are some tips to choose a pre-sale condominium:
Choosing the Right Developer
How do you know whether the developer is trustworthy or not? Certainly, you can see every portfolio that the developer has done before. Banned developers tend to have quite well-known portfolios. We are not saying that prime developers are not good at building condos, but usually they have a greater risk of bankruptcy compared to other developers. In the meantime, if you want to buy a condo from a trusted developer, we recommend you to buy it from the Pullman Residences.
We chose the term ‘clean’ because you have to set up financial arrangements. First, before buying a condominium pre-selling unit, usually, someone estimates the amount of down payment (DP) that must be paid first. Of course, if your finance is not qualified, you might make loans to banks for a sum of money, and the bank will check your financial history.
Choose the Location Wisely
Is it close to the city center? Condos won’t always sell well in the city center, in fact, some tenants in the future will prioritize a fairly quiet area, but of course, the one which is easily accessible by transportation. They may also choose a pre-selling condominium in a well-known tourist area. Aside from that, if you’re looking for a condo which is located in a very strategic place, then you may want to check out the Pullman Residence Newton.
Do you think that buying a condo can bring you profits in a short time? Think again. It’s because condominium ownership is generally carried out for the next five or even 10 years.