09/03/2015

Apartments for Sale or Rent in Singapore?

Whether living in Singapore or anywhere else, it is the desire of literally everyone to have an apartment of their own. Your own apartment will keep the landlord away forever and give you as an individual the chance to make savings and renovations as per your choice, preference and desire. There is a lot of pride that comes with an apartment ownership. Other advantages that one can enjoy include the convenience that comes with living in an enclosed place with other people around. Interestingly, there are many apartments for sale in Singapore which have been built by young professionals in mind. It is also important to note that ownership comes with the extra costs of maintenance.

What are the advantages of buying apartments compared to renting?
Buying an apartment comes with a lot of expenses and requires that the purchaser be able to make ample deposits. Young professionals who are just entering the job market can sometimes be faced with the daunting decision of renting or purchasing. Apartments are purchased on mortgage which might take long tedious years to pay. In the real sense, the apartment can only belong to you fully when you finish making payment. As a professional, one would desire to have own an apartment but with the changing job market; it really becomes a little unstable to purchase an apartment when the job market is unstable and quite shaky.

Other advantages that come with purchasing are that it gives you a better opportunity to plan for the future. The money you use monthly to pay rent can be put into good and better use. One other reason why a number of young people are opting to buy their own apartments in Singapore is affordability. Apartments here have been built with these groups of people in mind. Young professionals are looking for a young vibrant lifestyle and with the increase in the capita many of them are now able to live that kind of lifestyle very comfortably without struggling.
Purchasing your apartments when young enables you to attend to other matters that would otherwise cloud you mind as time goes by or in later years when you have no income. You will be able to start a family, go to school and do other things you have all along desired to do without any limitations. Available research has also shown that these age groups have a wide range of disposable income which they can use to purchase an apartment very comfortably. Renting on the other hand comes with several advantages; all the repair costs and overheads are paid for by the landlord. When renting you have no obligation to the owner as long as you have paid your monthly rent.

Are apartments good for young working professionals?
Absolutely yes! Young professionals are still on the move and apartments provide just what they are looking for in terms of convenience, affordability and a lifestyle they can easily identify with. One thing is for sure, a lot of thought must be put into place whether renting or purchasing. Interestingly, there is no place around the world where young professionals are spoilt for choice when it comes to making a move liking finding apartments for sale in Singapore.


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