When we are talking about condominiums in Singapore, there are basically 3 types – mass market, mid-market and the high-end condominiums. Whether to choose which type of condo really depends what you are looking for and what is the purpose of this investment.
Typically the mass market condos are located at the suburbs, such as Bishan, Jurong, Yishun, Pasir Ris and Chua Chu Kang. These condos are usually priced starting from $600 psf and have basic condominium facilities such as swimming pools, Jacuzzi, gymnasium, BBQ areas, car park, and 24-hours security. This type of condos is good for people who wanted to enjoy condo facilities and it is a lower entry to condos in Singapore.
Mid-market condos are situated near the fringes of the prime districts. Some of these areas are Novena, Newton and Bukit Timah. Their prices are also slightly higher (about $800psf) and they often have additional facilities such as tennis courts, squash courts, sauna, fitness corner, function room, and basement carpark. These condos are suitable for buyers who want to have good locations as well as having this condo as an investment in mind.
Needless to say, high-end condos are at prime-districts such as Districts 9 to 11 – places such as Orchard Road and Sentosa Cove. The prices for these condos are definitely high. They can range from $1000psf to even $3000psf, depending on its exclusiveness and facilities. Some of these condos even include a sky gym, concierge service, private lifts, and even a marina to dock your yacht. High-end condos are definitely for the elites and the rich. For those who are interested in investing, these high-end condos may be a good choice too.