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What are some of the things you should look out for when hunting for a high-rise home on the subsale market? Kimfield Properties agent George Loh shares 13 tips below:
1. Look at the density or plot ratio.
2. What is the balance of the lease of the land (if it has a leasehold tenure)?
3. Are there enough parking lots? Are the lots in a covered car park?
4. What brand or model are the lifts? Are they reliable? How many lifts serve the building?
5. Type of community or occupants (low-, middle- or high-end ) in the building; and whether the community is cooperative and communicative (eg are there any abuses of the common fund; are there any good and reasonable house rules available to resolve disputes easily).
6. Easy accessibility and availability of amenities (such as schools and shopping complexes) as well as the surrounding environment — for example, are there parks?
7. Information on future developments in the area.
8. Is the property selling at a reasonable price?
9. Appearance of the building, functional layout and design, good physical structure (no water leakage and free from defects), referring to Conquas or Qlassic standards.
10. Is the entire building or project designed for easy maintenance with lower cost, so that there is no tremendous increase in service charges in the future?
11. Is the concept of the development achievable and sustainable?
12. Good coverage of telecommunications systems like high-speed Internet connection or mobile coverage.
13. Most importantly — safety and security!
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