Why Executive Condominiums Should Be Your Next Big Investment
Home buying comes with many requirements: comfort, convenience, and peace of mind. Executive condominiums (ECs) come into play here: luxury living at affordable costs, their quality facilities prove to be especially favourable when you know you aren’t breaking the bank to live in style. Here are a few reasons why ECs should be your next big investment.
1. Cheaper than landed properties
Executive condominiums offer the glamour of landed properties without the exorbitant costs. Have access to estate-wide condo amenities and high-value living with lower cost as compared to landed houses.
Oftentimes, executive condominiums offer more than these landed houses can offer. With swimming pools, quality gyms, and even function rooms available, executive condos boast many facilities that provide long-term investment potential as opposed to landed properties and do so at more affordable rates.
2. More accessible locations
More executive condominiums are now being built in suburban locations compared to previous years. With Singapore planning to make residential buildings more accessible to MRT transport, travel to school and work has become simpler than ever.
Singapore is making conscious efforts to construct residential buildings closer to workplaces, transport systems, and recreational facilities, and their ECs are no different. A peek at upcoming executive condominiums reveals North Gaia, an EC in Yishun, that was built keeping this in mind, constructed strategically next to Khatib Bongsu Nature Park. Upcoming ECs hold all the essentials in one place, making them highly sought-after and valuable properties. It’s comfortable, quality living, with excellent connectivity for travelling ease.
3. Great capital appreciation
While initially sold at lower prices than private condos, executive condominiums can have substantial capital appreciation after their five-year minimum occupation period (MOP) is up. After the 10th-year mark, privatisation increases this number significantly, and the EC can be sold to the open market.
This makes ECs highly profitable as government subsidies can aid in making them more affordable than private condos. Their price can be recovered with a profit when sold after privatisation. This makes for great investment potential due to the assurance that your property will only appreciate as the years go on, with a narrowing gap between the value of private condos and your EC itself.
4. High rental opportunities
Executive condominiums remain attractive properties to the public, and their surge in popularity has only added to their demand. Renting out your EC can have immense profit potential due to their high favourability as quality living without the exorbitant price tag.
Executive condominium owners can rent their property at far more competitive rates now than in previous years. This holds vast potential for climbing passive income through property investment, ensuring your EC remains a financial asset to you in the long run.
Conclusion
An executive condominium in Singapore holds excellent investment opportunities in our local housing market. It is a fantastic choice for buyers looking to blend comfort and style into their living. Convenience is propelled by financial subsidies and climbing capital appreciation to aid buyers in their decision.
If you are looking to purchase an EC or sell your existing home, seeking help from a Singapore housing agent is crucial for a smooth transition. We at NeezaNizam offer services to aid you through this process seamlessly. From home ownership to wealth planning, we aim to guide you and make homeownership a comfortable affair. Reach out to us here for any inquiries or to book an appointment.
