Property
4 Hidden Costs of Condo Ownership in Singapore
By ValueChampion  •  July 17, 2018
Property in Singapore is expensive, whether you are looking to rent, buy your first HDB or upgrade to a private property. Recently, the government has introduced measures to cool the property market, which are expected to benefit HDB properties and could make private properties more affordable. However, it will still be very difficult for people to upgrade from HDB flats to a condo. Beyond the exorbitant purchasing costs, condos come with a plethora of other costs that can amount to thousands of dollars more than what you would pay for an HDB flat. Below, we explore the most common hidden costs of owning a condo in Singapore and how it compares to owning an HDB flat. Monthly Maintenance Fees When you own an HDB flat, you have to pay monthly conservancy charges that are dependent on your town council. Similarly for condos, you will have to pay monthly maintenance ......
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By ValueChampion
We distill sprawling marketplaces—for insurance, credit cards, bank accounts, and more—down to choices that represent a sweet spot for value—as in offering the features, returns, or experience we think you need for the smallest outlay. We ask: Is the return on a particular purchase or decision worth the cost or risk of that option, and how does the choice stack up against other options?
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