When buying property, there are some criteria to follow if you want to get the best that there is in the market. With the wide range of properties in Singapore, it is important to know the best option to pick for your investment.  Leading establishments in Singapore like Terra Hill properties are great options to consider. However, they have different properties for different use. So, how do you pick the one that suits your needs?  

Singapore is a small country in size. However, it has a lot to offer when it comes to property development. All the same, there is still some work to do in your search for property to buy in this city-state. There are many factors to consider including the location and facilities in the neighborhood among other things. 

How to Choose Property in Singapore 

Viewing or buying property in Singapore requires proper study and access to information to help you make an informed decision. Details about the property location and surrounding facilities will be vital. For instance, “At Terra Hill, there is a wide array of modern facilities and amenities within the development to let residents enjoy an extraordinary living experience beyond their elegant homes.” 

Having highlighted these factors, here are important criteria to use in your search for property in Singapore: 

• Location and Convenience 

Convenience is a top priority in the search for property anywhere around the globe. Therefore, Singapore is no exception. This factor should be first in your search for property in the country. It is all about the convenience you will get from a specific location based on the surrounding amenities. For that reason, ensure that your preferred location gives you the comfort you need.   

• Condition of the Property 

Look at what you are buying and assess its upkeep. At this stage, it is time to focus on the actual property. You are putting your hard-earned savings into purchasing some valuable property. Therefore, you need to ensure that the building’s landscaping, façade, facilities and general structure are in good condition. It may have existed for some years but the wear and tear must be manageable. 

• The Development’s Occupancy Rate 

Look at the current occupancy of the development. How many units have occupants already? Low rates of occupancy may be an indication of some possible issues in the development. It may be something to do with a lack of amenities in the neighborhood, a noisy environment or low rental demand.  In such a situation, you can initiate a conversation with existing occupants to get more details to help you make an informed decision about your purchase. 

• Study the Service Charge Details 

The Management Corporation Strata Title (MCST) refers to the monthly payment charges for maintaining and managing a condominium. Break down the chargeable fees. Check whether it is worth to make such payments compared to the value and services offered on the property. The details include car park lots and overall maintenance costs.  That way, you will avoid paying unnecessary costs. 

• The Number of Units in the Development 

You may not use the condominium’s facilities. Therefore, the number of units in the property becomes a basis to determine the estimated intensity and frequency of the facilities' use. These details will determine the lifestyle of residents in a given development. For that reason, look for the number of car park lots and how the facilities are spread.  Still, consider the issue of noise and crowding. 

• Units Distribution on a Floor Level 

The distribution of units on the property’s floor level affects the waiting time to gain access and use. For instance, a high number of units with fewer elevators significantly increases the wait time. Therefore, this is something you should look out for when buying your property in Singapore. 

The number of units determines the intensity of the corridor usage. Consequently, this influences the degree of privacy and exclusivity you will get to enjoy. 

Final Thoughts 

Buying or viewing a property in Singapore can be exciting because there are various options to consider. However, you need to be aware of several things to make the best decision about your purchase. Use this valuable information and criteria to guide you through your property search in this lucrative Singapore property market.