Plan ahead before going to showflats to maximise your time

Be Prepared! Tips to Take Note of Before Heading into That Showflat Part 1

So you’re in the market for a new apartment and are looking to visit showflats in the coming weeks. As we congratulate you on your upcoming purchase, we have also prepared a checklist of important things to look out for in your quest for the perfect unit. This is part 1 of our 2-part special and it covers the things you should do BEFORE you head into the showflats.

Set your budget

How much are you prepared to pay?

Once you have established this, you can get started on preparing a list of showflats that are within your budget. New launches in the suburban (Outside Central Region OCR) areas are less expensive than those in the city fringe (Rest of Central Region RCR) and Core Central Regions (CCR). Here are the last transacted prices for new launches in those regions:

Westwood Residences

District 22

Boon Lay $857 psf OCR

Goodwood Grand

District 10

Balmoral Rd

$2,282 – $2,490 psf

CCR

The Poiz District 12 Potong Pasir

$1,169-$1,539 psf

RCR

Read more about this in A Quick Guide To The Districts In Singapore

Type of unit

Save time by knowing what you want before you go to the showflat.

What is the specific, if any, type of unit that you have in mind to purchase? For example, the number of rooms, the facing of the unit, whether or not you prefer balconies etc. With these in mind, you can request to tour the respective showflat unit straight away.

Reason for purchase

Is the unit for your own stay or investment?

This is a question that agents will ask you along the way – are you planning to purchase a unit to stay yourself or is it as an investment? If you are planning to move into the new unit, you will most likely be more interested in the facilities that the development has to offer, while if you are looking to rent the unit out after purchasing it, the proposed tenant profile will be a factor that you will be more focused on. Additionally, if you have plans to live in the unit with your family, you would want to look for one that is larger with more rooms to house your family members. If you are buying the property as an investment, it will be easier to rent out a unit that is smaller.

 

Read more in Part 2