When we look at Executive Condominiums, all that we see are the advantages. However, there are also some downsides that need to be considered. They include the fact that the down payment is higher, interest rate illusion, and location over amenities and their comparison to the real condos.
To start with, there is no way one can get the HDB loan for the Executive Condominium. This means that they are ideal for persons who have been able to save up something to be able to afford the Executive Condominiums. The best thing about the payment of the down payment is if you are granted a CPF as it will settle most of the cash down payment. When you feel that you can afford an Executive Condominium, it is important to consider the impact that such spending will have on the overall financial planning. It is all worth it because housing is one of the basic needs that we have.
What makes an Executive Condominium worthwhile?
There are many great sides as to why one should get an Executive Condominium. One of the things you can note with is that there are all sorts of residential units to choose from. Usually, they are situated on large pieces of land and all kinds of amenities and facilities are made available so as to cater for all needs that the residents may have. Residents get a very amazing and also unique experience living in such places.
The other thing that the private developers make sure of is that their location is at very convenient points. Residents need to be able to get around and access their work places with great places. Since they target all sorts of people, including young professionals, they are situated at places near expressways as well as public transportation so as to assist everyone to get on with their lives with the greatest of ease.
For the amenities and food matters, shopping malls are set up so as to cater for these. These are the places where you can handle all shopping needs in a convenient manner.
Executive condominiums come with condominium facilities. The most notable and truly unique facilities include things such as a Steam Bath, Grill, Bar, Theatreatte Suite, Leisure Pool and many others.
For all the interested parties, there are all sorts of unit types as well as floor plans and layouts that you can choose from. You can choose from 1 bedroom options right up to 5 bedroom plus study options. There are also dual key units as well as some loft units.
An Executive Condominium is a great option for any genuine buyers who are ready to stay put for the first 5 years. The general cost of construction usually reflects on the project quality. Right now, a good number of them are privatized while others are in the second phase.
The facilities that most of them have include cascading garden trails, alfresco lounge, grill and dine terrace, meadow SPA, jogging trails, tennis courts, children’s fun pool, pavilion, curvilinear leisure pool, pool deck, and lap pool.