Important notes about condos and condo prices in Singapore
By Justin Sara Date Posted.. 2013-10-03 04:21:01
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There are a variety of factors that affect condo prices in Singapore. Irrespective of whether you are a buyer or seller, it is vital for you to understand the various factors that affect pricing of condos in Singapore. This will greatly assist you to make the right purchase or sale decision regarding a condo.

The position as to whether it’s a seller’s market or the purchaser’s market is one of the biggest factors that affect the prices of condos in Singapore. If it’s a home seller’s market, home buyers tend to exceed the homes supply. Whenever there is such as scenario in Singapore, condo prices tend to go up and the overwhelming buyers tend to scramble for the available condos. In such situations there is no much room for negotiations to bring the price down and get a better offer. On the other hand, if it is a purchaser’s market, the supply of condos far exceeds the demand and therefore the condo prices in Singapore have to automatically come down. In such circumstances it is easy to negotiate and get a good discount for the condo of your choice.

Interest rates are another major factor that affects condo prices in Singapore . Whenever the interest rates are high, condo prices tend to be low and whenever the interest rates are low, condo prices tend to be high. Low interest rates enable people to afford condos with ease and therefore the demand will be high and eventually the prices will be high too. The reverse is true.

Whenever the Singaporean economy in general is doing well, condo prices tend to be high. Conversely, Condo prices tend to be low when the economy is doing poorly.

Tanjong pogar in Singapore is an area where one can get a beautiful condo and at an affordable price. Any new condo in this area  beams with beauty and you would definitely like to spend the rest of your life in it. Just like in any other place in Singapore, the condos in Tanjong pogar or better known as china town are on a 99 year lease hold. Most of the new condos have got round the clock security, ample basement parking space, Jacuzzi, multipurpose hall, gym and sauna among other wonderful amenities.  You will also notice that most of the Tanjong pogar new condos are strategically located near roads, bus stations, shopping malls, supermarkets, schools, banks and medical facilities among other social amenities that any one would relish. The price of a condo in Tanjong pogar depends on the size of the condo, facilities available as well as the location in terms of proximity to social amenities. The condo prices normally range from USD 1,000,000 to USD 2,500,000. Generally, with USD 1,200,000 you can get your self a good condo in Tanjong pogar.

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