Real Estate

What is Worth Knowing When Buying a Condominium in a New Residential Complex?

Today there are many residential complexes that offer the purchase of apartments in new buildings. Why choose an apartment in a new building? In fact, there are many advantages, experts will analyse them in more detail in the article, and in short: their style, quality of construction, low price, and excellent infrastructure. And now they will highlight the advantages and disadvantages of buying condo in an upcoming residential complex.

Advantages

The main advantage is, of course, that the condominium is completely new, in a completely new building. New housing complexes are often much better designed than older high-rise buildings. They may already have insulation, and good, new communications. All that remains for the buyer is renovation in a style that he likes and settling in.

It is also important to note that the cellars and elevators are new, made in strict accordance with safety rules. The entrance itself is decorated neatly and stylishly, the entrance is warm, light and clean.

The infrastructure around the house is also pleasing – a small parking lot, a playground, and benches. Such new buildings are often placed in places that are close to schools, kindergartens, shops or the metro – this is undoubtedly convenient.

The budget is also important. In fact, an apartment in a new building costs no more than an apartment in an old high-rise building. Of course, you will pay a little extra, but it’s worth it, because old houses that have been standing for decades do not provide as much as new buildings, and are worn out.

People with different income levels can buy a condominium in Canninghill Piers residential complex. The residents of the first floors have a separate entrance and their own small courtyard.

Acquaintance with the residential project

  • Canninghill Pier residential complex is a new project of Far East Organization. The construction of twelve houses, the height of which reaches seven floors, is envisaged. The object meets the standards of “comfort” class real estate.
  • The residence is located in 30 Amber Gardens, district 15 of Singapore. The territory is distinguished by a favourable ecological situation. The nearest metro station is 10 minutes by walk.
  • The elements of the internal infrastructure include a kindergarten, an innovation centre for early development, a school, a play club for children, cafes and restaurants.
  • On the territory of Canninghill Pier, it is planned to open stores for various purposes, a pharmacy, a clinic, a beauty salon, points of consumer services and services.
  • There are spaces for activities and areas for sports, walkways, places for relaxation and meditation. Think about new ideas in absolute silence, organize a family picnic, play volleyball, ride a bike, pick mushrooms or herbarium –Canninghill Pier residents are not limited in their options for relaxation.
  • The adjacent territory will be under video surveillance 24/7.

Disadvantages

If you want housing in a deluxe area, it will be very expensive. After all, in addition to the district, the house will be made in a special style, and the apartments will be designed more expensively – and this, of course, will hit the wallet.

On the one hand, renovation in a new apartment is good, on the other hand, people do not always want to spend money on completely overhauling an apartment. This is an additional waste of time, effort and money, so if you are not in the mood to carry out such manipulations in a new apartment, buy a home with a ready-made renovation.

Let’s summarize:

Of course, it’s up to you to choose, but nevertheless, professionals advise you to take into account the above pros and cons, and draw conclusions for yourself. After all, your comfort and cosiness depends on what kind of housing you choose.