Buy condo off – plan tips

If you buy off-plan, you have the opportunity to select your own floor plan from a range of choices. You can pick from a variety of options and improvements, making sure that you get into your new home, it’s exactly what you desired, and is built to your specific requirements to provide you with a house that you will be proud of and cherish for many years to be.

The first thing you’ll be able to observe when purchasing a condo off-plan is that you’ll get the lowest price. When the units are finished and sold, the price of condos generally increases due to. Being early can help  you obtain the most affordable prices however, at the same that, the earlier you make your purchase commitment the more likely you will end up buying completely off the plan prior to when the foundation is laid.

Another reason you may want to think about a condo sales off-plan is that you will be able to take the ownership of your condominium and also benefit from a lengthy settlement, giving you important breathing space when making such a big investment. The payment is usually completed after the project has been completed and the transfer occurs and this happens just prior to moving into the new residence and begin enjoying your new life. 

LIV@MB located in the prime Meyer/Mountbatten neighbourhood in the East Coast.

It has 1 to 4 bedrooms types & only 298 units built on a relatively large land plot due to its low plot ratio in the area. It’s only 3 mins walk to the upcoming Katong Park MRT and short walk to East Coast Park. It’s also within a short drive to Marina Bay, Shenton Way, Jewel at Changi/International Airport, etc.

Make sure you conduct your own research about the developer, the architects, the builders and the engineers. Make sure that the building you’re looking at is built by the top local construction firms and managed by the top developers, to ensure that you buy the property with confidence.

The location is crucial when considering condo sale off plan. It is important to select a location that is considered to be prestigious, one where you are confident that you’ll get a decent ROI on the investment you make in the near future. Be aware that when you are looking at the right areas, you’ll spend more money for a one-family homes than you would for an off-plan condo. When the condo is finished and sold, it will be worth more and that means you’ve made a an investment that is worth it in a great location that you will be able to enjoy.

There are a few crucial things to consider in the contract that you sign. Take the time to read every word in detail make sure you comprehend the contract, and then have your lawyer review it , and assist you with the sections you aren’t understanding.

The first thing to look for within the agreement is whether there’s an “Cooling Off clause. Nowadays, all contracts must include this clause when purchasing off-plan. The clause provides you with an established time frame in which you are able to pull out of the contract should you decide to change your mind at any time. Make sure to read the contract carefully to make sure you have an opportunity to cool off and ensure your mind is at peace.

The next step is to make sure that all the information about the plans you’ve selected are clearly stated and included in the contract. In the event that after the unit has been completed there’s something that’s missing or isn’t as you wanted then you have the option of having it corrected. This will ensure you know the price you’re paying and ensures that the contractor finishes your condominium based on your specific requirements.

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