Luxury condominiums or condo projects are now trending in Singapore. The demand for condos is steadily increasing and there is a lot of hype about luxury condos. This brings us to the question of whether the hype is really worth it.
What actually are luxury condos and why should you invest in them? The answer to this and many other questions are presented to help you know all about luxury condos in Singapore.
What is a luxury condominium?
A luxury condominium is a housing unit that is luxurious and high-end. The home would offer access to top-class amenities like a gym, swimming pool, concierge, etc. Such condos are usually available in prime areas allowing residents to have easy access to transport and shopping. Investing in luxury condos is a great idea since the possibility of these properties appreciating is 4 times more than regular properties.
Why buy luxury condos?
There are many reasons why you should consider investing in a luxury condo. Go through the reasons and you will know why there is such hype in the market about luxury condos.
- In the last 3 years, it is estimated that the price of luxury condos increased by nearly 30%. This trend is likely to continue, making it an excellent investment.
- A condo in a good location gives you access to entertainment options, shopping, and all that you look for near your home.
- Luxury condos have the best amenities that make living in them a pleasure. You will enjoy your stay with your family in a condo.
- You will find new friends who are likely to have similar tastes. The new friends may help you network with others and this can help you in your career. You will be part of a new community that will be a large family.
- Staying in a luxury condo is a great option. If for any reason you don’t want to stay there, you can give it out on rent and get good money. If you are buying as an investment, you can hold on to it. The prices will continue to increase and it is an asset whose value will give you good returns on your investment.
- You can even consider investing in many small condos rather than one big condo. You can expect a higher resale value in such a case.
Investing in a luxury condo
When you are investing in a luxury condominium, you need to look for condos that have all the amenities and facilities. Look for a good location. Quality of construction and quality of materials are other factors to be kept in mind. You also need to consider the neighborhood before you go ahead.
With all this information, you may now be probably interested in looking at investing in a condo. Dunman residences is a condo project to consider. 1040 units are coming up with the best amenities and facilities offering a holistic living environment. You can get in touch with the condo developers to find out the Grand Dunman Singapore, so you can take the next step.