Inspired by Singapore's black-and-white houses, The Antares project has attracted considerable attention from homebuyers. The project comprises a total of 533 units, offering a variety of layouts ranging from two-bedroom to five-bedroom units, with prices ranging from SGD 1.149 million to SGD 3.512 million. Particularly noteworthy is that 214 of the two-bedroom units and 84% of the three-bedroom units have already been sold, demonstrating high recognition and demand from homebuyers for the project.
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This strong sales phenomenon also echoes the overall trend in the Singapore real estate market. Although the number of new private residential units sold in Singapore last month decreased by 47% compared to January, the successful launch of The Antares injects strong confidence into the market. This indicates that with the gradual economic recovery and strengthening market confidence, the Singapore real estate market remains vibrant and will witness more active performances.
So, what should one pay attention to when buying property in Singapore?
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Firstly, buyers should understand the loan policies. As Singapore permanent residents, they can obtain up to 75% of the property price as a loan, and local buyers generally enjoy lower loan rates, typically ranging from 1% to 1.8%. This is an important economic consideration for buyers and requires wise decision-making based on their financial situation.
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Secondly, buyers need to consider the property type and the reputation of the project developer. High-quality residential projects often provide luxurious facilities and services, but prices correspondingly higher. When choosing a property, besides focusing on the quality of the house itself, it's also important to select a developer with a good reputation to ensure the quality and service standards of the project.
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Additionally, buyers should consider factors related to the property's location. A prime location and convenient living environment may positively impact future residency and investment appreciation. Therefore, buyers need to consider factors such as transportation convenience, commercial amenities, and educational resources in the area where the property is located, to make choices that align with their needs and expectations.
