Good Day Ms Ang,
When it comes to Own Stay, generally the below will be some useful pointers to guide you in your Decision Making, especially when both choices are around the same Vicinity:
1) Layout:
How is the space oriented, are they narrow/wide enough in the walkway between rooms? How suitable is the layout between the Dry and Wet Kitchen for my day to day etc. Both Evergreen and Florida have Good Size units, mainly catered for Family Stay, hence ideal to shortlist a few units among both; and take a visit to understand the comparison better.
2) Facilities:
Is the chosen Development able to cater to your main form of recreation needed? If a swimming pool is something that you and family will frequent, might be good to take a look and compare the size and upkeep etc. Some developments have a smaller gym but big pool, and vice versa. Visiting during weekends’ afternoon might also be a better gauge of understanding crowd to facilities ratio. Another useful point to check will be "How many lifts serving per floor?" As the last thing we want during morning rush is to find ourself delayed due to packed lifts, and having to wait for the next one etc
3) Amenities:
What’re the surrounding transport nodes, is selected Development closer towards the bus service/LRT that I frequent? Is there a sheltered path/walk way to the food centre and grocery store etc
4) Maintenance Fee:
Is there a significant difference between both Developments? Given that both Evergreen Park and The Florida are of a certain age (above 20 years), important to find out as this will be a recurring cost throughout your stay there and might potentially increase. Also when looking at slightly aged developments, Sinking Fund is something that might be more commonly tapped on/required in older Developments, due to Wear and Tear over the years, hence something to take note of.
5) MCST:
Which MA is the one managing the development? Might be useful to check with friends or residents who have (good/bad) past experiences with them, such inputs might be helpful.
6) Future Developments in the estate:
Based on the URA Masterplan, is there going to be any upcoming educational institutions that might be built/shifted around my surrounding (that may affect the noise and traffic during peak hours), or upcoming developments that might block the greenery/unblocked view that I am currently enjoying?
7) Entry Price of Neighbours:
Though a little technical, but can be generated. This is crucial not only when it comes to your Sale in Future, as by understanding the PSF that the First Owners bought (from Developer directly), this will give you a good gauge of the competition (buffer that they have against you), between you and the First Owners - should both units be marketed coherently in future. Regards to the Purchase component, having a brief understanding of the Profit Margin/PSF that the Seller entered will allow one (as a Buyer) to Negotiate better.
All in all, a couple of factors and more that you should take into consideration before making your Decision.
Nevertheless, having a Professional to aid you in this process will be useful, besides an extra pair of eyes to keep a look out for the necessary during viewings, and strategise your Negotiation thereafter in terms of your Interest. More importantly - finding one that can really listen and understand your Needs, and do a proper planning to ensure this transition is smooth and covered comprehensively.
There will be no Commission Payable as a Buyer in the Private Residential Market, drop me a WhatsApp (9277 49 12) anytime if you would like a more detailed and comprehensive discussion in making this Purchase works smoothly for you, I will be pleased to assist.
Julius Teo
Senior Associate Director
PropNex
Email:
juliusteoproperty@gmail.com
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