eCO: Why Should You Invest In eCO?

There have been so many new Condominium launches in the East and North-East regions of Singapore since the beginning of the year. However, at Tanah Merah, there has not been a new condominium for some time. Just next to Tanah Merah MRT Station, an exciting and rare gem awaits. eCO has the strategic location just next to a MRT Interchange and is in an established private residential estate.

There are many more reasons why you should consider investing in a property in eCO:

1. Choice Location

eCO is nestled in a prestigious district 16 near East Coast area and it is amongst landed properties and condominiums. It is well connected to the rest of Singapore – be it via public transport or car. A quick five minutes walk gets you to Tanah Merah MRT and from there, you can go to town area in less than twenty minutes. If you drive, East Coast Parkway and Pan Island Expressway can be accessed easily within ten minutes.

2. Eco design

Be prepared to live in a beautiful and rich tropical landscape because the theme of eCO is “community in a garden”. Designed by Ken Yeang, a world renowned architect and landscape architect, you can be assured that every design has been carefully thought out. Look out of your windows and admire the majestic rain trees, lush gardens, vertical garden, pond and flower terraces. Not only that, you get to grow your very own herbs and vegetables in the Herb garden. This gives the whole community a chance to engage in hands-on gardening. Imagine your pride when you see your plant blooming!

The whole condominium site plan has been thoughtfully designed for the plant lovers, nature lovers and private oasis seekers in mind. Despite living in a busy urban city, once you step into eCO, you can be guaranteed to leave all the hustle and bustle of city living behind. Step into eCO and be greeted by luxuriously spaced open arrival plaza and tree lined boulevard at the Arrival Garden. As you walk into the development, you can appreciate the naturalistic pond ecosystem which will be home to a rich diversity of aquatic plant species. The highlight would of course be the Adventure Forest Walk. You can get to be adventurous and explore by foot or cycle about the ecological corridor. You will find new plants or birds that you have never seen before and learn more about them.

eCO is such an interesting Condominium with a fantastic location and beautiful design bringing nature to you. It is definitely a worthy investment as it is different from any other Condominiums in Singapore!

Protect Your Real Estate & Property Investment

#EANF# more keywords:
» Read more: Protect Your Real Estate & Property Investment

What is a Residential Investment Property and Why is it Important to You?

Residential investment property is, as its name indicates, residential property than an investor purchases in order to profit either by reselling or renting. There are typically three types of residential properties, each with their own potential investment risks and benefits. They are:

Private Houses: An individual house on an individually owned plot of land. The value of a private house is typically high due to the space and privacy but precisely because of its higher price it is more likely to stay unoccupied and on the market for longer than ideal. There is also no mechanism to ensure it won’t depreciate due to neglect by its occupants save for what direct observation and attention the landlord can provide himself, which can be difficult if he or she has invested in multiple properties. 

Condominiums: A type of housing where part of the property (the house itself) is individually owned and the rest (exterior areas, internal roads) are owned commonly. The value of a condominium is generally lower than that of an equivalently located private house and they are governed by a series of agreements and bylaws that each of the inhabitants have signed. Proper governance can raise the value of a condo and improper one can lower it. As a whole, the value of a condominium can fluctuate but because much of it is owned by everyone then maintenance and cosmetic repairs, at least in the exterior, are less of a problem than with private houses rented out.

Multifamily Housing: A classification of housing where several individual housing unites reside inside one building (most commonly, apartment buildings). The main advantage to using multifamily housing as residential investment property is the following: when a condominium property or a private house is inhabited, it is completely inhabited and when it is uninhabited it is completely uninhabited. The same is not true of multifamily housing: a single building can be completely inhabited, completely uninhabited and anything in between. Because there are so many housing units inside the building it makes for an ideal source of diversified income which eliminates the hassle of depending exclusively on one specific source.

5 Factors To Consider When Buying A Condominium For Sale

Due to a lot of advantages, many people choose to live in a condominium. With today’s modern way of living, staying in a condo can give you ease and convenience when it comes to transportation, price, and lifestyle. Indeed, buying a condominium for sale can be a great investment. However, you must be wise in making a choice.

Below is a list of 5 important factors you need to consider before buying a condominium for sale:

1. Location

When you are searching for a condominium, one of the most important things you need to consider is the location of the building. You must keep in mind that a convenient location is the one which has an easy access to almost every destination across the city. For instance, a condominium which only takes you few minutes to drive to your office or school is a suitable choice. Also, if you want a quite atmosphere, you can check out various condominiums in order to pick the one which suits your personal preference.

2. Building Amenities

Condominiums have different amenities, depending on its type. There are luxurious condos which have modern amenities and facilities to provide you with superb convenience. On the other hand, you can also find cost-effective condominiums which can also offer comfort and convenience at the same time.

For you to make a great choice, it is a must to spend time taking a look at the amenities of the building itself.

3. Building Condition and Maintenance

When planning to buy a condominium for sale, it is wise to check the building’s condition and maintenance system. You have a choice whether to choose a building which has been already established or prefer a new building. You can check how the building is regularly maintained or see if there is anything which needs repair. This way, you will be able to determine which one suits your needs and budget.

4. Price

Condominiums have different prices depending on many reasons. Condominiums may differ in price depending on location, amenities, and size of the unit. You can always check out various condos or buildings in order to make the right choice. Since you have a specific budget, you can choose to ask for the expertise of a real estate agent to guide you along the way. He or she can give you various tips in buying a condominium for sale.

5. Reputation of the Condo Builder

This is another important factor in choosing a condominium. It is important to choose a reliable condo builder so that you will have a peace of mind that you are in good hands. A visit to the office of the management can help you obtain a better idea.

Purchasing a property is a good investment. If you are planning to buy a condominium for sale, the ones mentioned above can be your guide in purchasing a property. You can also consider searching on the internet for various condominiums which are for sale. Also, the expertise of a reliable real estate agent can help you a lot.

14 Important Questions to Ask Before You Buy a Condominium

Before you buy a condominium, get answers to the following. It could save you time, money and hassles.

1. What percentage of units are owner-occupied? What percentage is rented? Generally, the higher the percentage of owner-occupied units, the more marketable the units will be at resale.

2. What covenants, bylaws, and restrictions govern the condominium property? What grandfather clauses are in place? Ask for a “Status Certificate” (in Ontario) and review the bylaws to determine if those are acceptable to you. Have your lawyer check the “Status Certificate” and seek his legal opinion..

3. How much does the Condominium Corporation keep in reserve fund? How is that money being invested?

4. Are Condominium Corporation assessments keeping pace with the annual rate of inflation? Smart boards raise assessments a certain percentage each year to build reserves to fund future repairs.To determine if the assessment is reasonable, compare the rate to others in the area.

5. What does and doesn’t the Maintenance fees cover-common area maintenance, recreational facilities, trash collection, snow removal?

6. What special assessments have been mandated in the past five years? How much was each owner responsible for? Some special assessments are unavoidable. But repeated, expensive assessments could be a red flag about the condition of the building or the board’s fiscal policy.

7. How much turnover occurs in the building? On average, how many units are for sale at one time.

8. Is the project in any litigation? If the builders or homeowners are involved in a lawsuit, reserves can be depleted quickly.

9. Is the developer reputable? Find out what other projects the developer has built and enquire residents about their perceptions. If the property is Old, find out if engineering study has been conducted lately to assess the condition of the whole development. If the property is in bad repair, it could become a big financial liability.

10. Are multiple Condominium Corporations involved in the property? In very large developments, umbrella Condominium Corporations, as well as the smaller Condominium Corporation into which you’re buying, may require separate assessments.

11. What constitutes “common areas” of the condominium corporation. Who else shares the common areas? Do they pay for it and how is that calculated.

12. Who manages the Condominium Corporation? If it is an outside management company, how long is their contract? A long term contract with an ill management could spell trouble for the unit owners.

13. What are the resale prices and how the subject condominium prices have performed vis a vis other projects and the overall market.

14. How long does it take to sell a property in the complex?

Retirement Property Investment

#EANF# more keywords:
» Read more: Retirement Property Investment

Condo Conversions and Condomania – How to Invest in Condo Conversions in Your City

#EANF# more keywords:
» Read more: Condo Conversions and Condomania – How to Invest in Condo Conversions in Your City

Investing in Bangkok’s Property Market

Investing in property for first time can be a daunting prospect at the best of times, but investing in a foreign market such as Thailand can be even more unnerving. However, it can be easily argued there has never been a better time to invest in Bangkok property, providing, that is, you know how to go about it in the right way.

Condos – Best Investment for Foreigners

When a property investor is thinking about purchasing real estate in Bangkok, they should look to the city center – and at condominiums in particular – for the following reasons:

  1. Unlike land, town houses, and detached houses, condos can be owned 100% outright by non-nationals.
  2. At the present time, it is only the city center that is well linked up via the metro systems, namely the BTS and MRT. For a property investor in the Thai capital it is wise to buy a condo close to either the BTS or MRT stations.

Thailand to Open up to Asian Economic Community (AEC)

In 2015, Thailand, and therefore Bangkok, will open up to the AEC (Asian Economic Community), which like the former EEC in Europe will open the region up to a huge free market, thus allowing freedom of movement of capital, labour, goods and services. This will increase markets for investors in Thailand from approximately 65M people to approximately 500M, a massive increase, even by global standards.

Of course, the EU (formerly the EEC) has come under a lot of criticism in the last 5-6 years, but this has mainly been due to problems caused by the single currency. However, the AEC is proposing no such policy at this stage, and so the AEC should, in effect, perform as a catalyst for growth in the SE Asian region as the EEC did in Europe for most of the 1980′s, 1990′s, and early 2000′s.

Why the Thai Capital Is so Attractive to Foreign Investors

The Thai capital accounts for around 50% of the country’s total GDP, and as such has no equivalent competitor inside Thailand itself for size, wealth, and therefore property appreciation potential. In fact, Bangkok’s relative wealth and real estate market potential is not just confined to Thailand, but to the whole of South East Asia (SEA).

If you are a property investor in SEA, then it is difficult, or perhaps even impossible, to find a better market than Bangkok. The city has a huge, well connected by infra-structure compared to other real estate markets in the region such Jakarta, Manila, or Ho Chi Minh City (all of which have a long way to go before they catch up with the buy-to-let market in Bangkok), and you wouldn’t get the same ROI in other Asian real estate markets like Singapore and Hong Kong.

Location, Location, Location!

Our tip for investing in Bangkok is to get into the area where new stations have appeared along the BTS lines. The BTS line along the Sukhumvit road has recently expanded five stations from On Nut to Bearing, and these areas present fantastic opportunities for new investors. In fact, one of the best areas to offer great returns is Bearing. If you are serious about investing in the buy-to-let market here, then you will definitely want to look at Bearing which is at the eastern most edge of Bangkok.

Bearing represents the ideal up-and-coming area, so getting into the market now is the perfect time. Not only does it have a BTS station, but also has superb road links to Bang Na and Suvarnabhumi airport. Furthermore, Bearing is surrounded by dozens of schools, and most notably international schools. This of course translates into a whole host of international school teachers looking to rent good value condominiums in area so that they are close to their place of work.

Bearing condos on offer at the time of writing include these four popular options:

  1. Sense of London
  2. The Kensington
  3. Notting-Hill
  4. The Knight

These are fantastic properties that are very well constructed, well designed, and well located, and more importantly for buyer, all these Bearing properties are extremely well priced. For example, a one bedroom condo at The Kensington would rent for THB 12 000/month, while the purchase price would only be about THB 2M. This gives an investor in Bearing a return of over 7%, whereas similar units located more centrally along Sukhumvit can only expect a return of 5%.

The Kensington Condominium, Bangkok

Condominiums like The Kensington are not only aesthetically attractive choices, but also ones which are financially more attractive than options found in other parts of Bangkok. Not forgetting too that the ROI is only looking at the rental returns, and does not consider the capital appreciation. With properties in Bering being sold at an approximate 30-35% discount compared to those in other districts along the BTS lines, the scope for capital appreciation is high.