Are you planning to buy a condominium unit? If yes, you should know what type of condominium unit is best for you or your family. You should also consider the number of persons who will live there and the required standards and preferences of each of them. You can read the list below that shows all the common types of condominium units that you can choose from. For example, The Tapestry Condo will have units generally from 1 to 5 bedrooms.
Here is the list of the common types of condominium units that you should know.
This type of condominium unit is perfect for single people such as students and new couples only. The maximum area of this type of condominium units usually goes up to 18sqm only. So it only has little space and can only accommodate one up to two persons. It is also one of the most reasonably priced condo units that you can buy.
Loft type is a condominium unit that has high ceilings that can serve as a space for a bedroom with stairs. If you are living alone and do not care for privacy, you can choose this type of condominium unit. You should also know that this type is not suited for elders and children who are not comfortable climbing up the stairs.
A condominium unit that has one to three bedrooms is best for couples who are planning to have a family or even for small families. It has a great breadth of space so it can accommodate a big number of persons. The cost of this condominium unit type depends on its floor area.
The penthouse is a very expensive type of condominium unit because of the excellent characteristics it has. It had a large size of floor area and space and located on the topmost floor of the condominium building. Tenants of this type can also have access to their elevators, swimming pools, and garden which are exclusive only for them. With this, you can be assured that you can have the privacy and exclusivity that you want. For
With all the information stated above, you now know what are the common types of condominium units. But before you decide to choose and buy the unit, you should know that there is also the estimation of launch prices of the condominium units that you should consider first.
It includes the land prices, the price of the developers, and market prices between competitors. The construction cost of these units also varies depending on the type of condominium unit, if it is normal, luxury, or ultra-luxury.
If you are already ready, for instance, you can visit The Tapestry showflat to have a feel of the show gallery model.
You should also know that if the launch price is low, it does not always mean that you are not getting a good deal with it, it only shows that the developers depend on their market price on the market price competition in this industry. This estimation of launch price helps you in your decision of buying condo unit that is within your budget considerations. It is better that you also study and monitor the background of the contractor, architect, and developer of your condo unit and not only about the price.
It is worthy to observe the rich experience both developers have with more than 3 decades each. The new Fernvale condo, Parc Botannia is situated on a 99 years lease site, 17,196.4 square meters at District 28. Inspired by High Park Residences, the Parc Botannia place is impeccable where dwellers get to enjoy the exclusive environment and yet near to heartlands with ease in your door step, according to Forbes
Expected to yield approximately 605 residential units, the Parc Botannia Sengkang, brought a whopping 14 developers with one of the closest bid conflict in history. The top bid submitted by Sing Development and Wee Hur development is a mere 0.005 percent greater than second place China Construction growth who submitted a bid of $289.09 million. Third place being Allgreen Properties at $286.9 million which is just 0.07 percent lower than the best bidding. Other bidders include the likes of MCL Land and Treasure view among the remainder. Actually, industry experts is anticipating a high bid of $272 million but the best four bids already has a minimum of $280.43 million, verifying the mass-market sentiments among the developers.
At $287.1 million, the best bid translates to $517.03 per square foot per plot ratio(psf ppr) and the anticipated Parc Botannia psf should be in the array of $1050 to $1200. Sitting right next to the top selling launching annually 2016, experts predict the take up need to be extremely healthy considering the prior sold more than 1000 units over the launch day itself.
With a slightly higher property price in High Park Residences, the Parc Botannia cost can also be expected to become steeper since the prior launch left several buyers disappointed when the more compact units were sold out first.
The Northeast area of Singapore has witnessed a good number of interests since its many private and even EC launch in the past 2 years. With totally no fresh supply today, it is safe to say that Parc Botannia Singapore will draw a tremendous amount of interest from buyers awaiting in the sideline.
The approximate Parc Botannia TOP date is roughly between third to fourth quarter of year 2020 where buyers can move in or rent out immediately following defects assessing.
Coming soon to Genting Hotel Jurong, a condo that is going to launch at Bukit Batok. Below is the report that obtained Qingjian Realty Pte Ltd:
Le Quest Condo At Bukit Batok Avenue 6 is a new launch mixed development by Qingjian developed By Qingjian Realty (BBR) Pte Ltd. Featuring 516 uniquely designed units, Le Quest is a home that projects a unique style unlike any other.
Le Quest Bukit Batok offers a variety of 1, 2, 3, 4-bedroom and penthouse apartments with various layouts and sizes and needs. Each units is equipped with finishes and fittings that complement every home. Le Quest offers a number of ways for the home owner with the multiple facilities available.
Le Quest Condo is located next to Bukit Batok MRT Station and major expressways, Orchard Shopping Road is just take around 15 minutes drive from Le Quest. In addition, Le Quest Bukit Batok is close to renowned schools and an array of entertainment and dining options at Bukit Batok Town Center – West Mall. At Le Quest, convenience comes closer.
For nature lovers, Bukit Batok Hillside Park & Bukit Batok Town Park are nearby, providing a tranquil for family and exercising outings. Reputable local & overseas education institution are available for families with school going kids or foreigners who wish to school their kids of the international schools in one nearby.
Le Quest Showflat is said to open in July, and currently is still not available for sale.
Both Bukit Batok and Bukit Gombak MRT Stations are a few bus stops away from Le Quest Condominium, bringing convenience to public commuters. For those who are driving, the Qingjian condominium is also well connected to the Pan-Island Expressway (PIE) via Bukit Batok Road, which also serves as a major arterial road who those who wishes to travel to Choa Chu Kang and Jurong.
The location is made an ideal investment for investors who wish to tap on the future capital appreciation which is likely to happen once the Jurong Regional Centre has been developed by Le Quest Condominium close proximity to the Jurong Lake District. As part of the major plan of government to decentralise the Central Business District (CBD), Jurong Lake District will be the second largest commercial hub in Singapore. With Genting Hotel Jurong that is built a few years ago, the potential of tourist and expats coming to to this area will benefit the nearby residential, specially this Le Quest Condo which is less than 2km away.
Along with the building of High Speed Rail (HSR), travelling time from Singapore to Kuala Lumpur will take only 90 minutes. All these upcoming developments will drive the demand for housing in the area and also the values of the houses up.
Le Quest Condominium will be the perfect opportunity for the two investors looking for perfect investment opportunities and home stayers looking for staying in convenience.
Regards to the Le Quest price, it was mentioned that average $1,250psf will be the target selling price.
Watch the Video on Genting Hotel @ Jurong East
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