Should I Buy a Condominium in Ang Mo Kio, Singapore?

should i buy a condominium in sg

When purchasing a condominium in Ang Mo Kio, Singapore, be mindful of both its location and amenities. Transportation systems also play a significant role, providing easy access to malls, schools and hospitals.

Before purchasing a condo, consult an Independent Promissory Note from your bank to discover which home loans you qualify for and determine an approximate monthly mortgage payment amount for the new property. This can help guide how you plan to finance it.


Condos tend to be located in areas that are highly populated, including urban centres and university neighborhoods as well as tourist hotspots, making them an attractive investment choice for investors looking for strong rental returns from well-maintained condos. Condos also tend to have lower initial purchase prices than landed properties making them more cost-effective options for first-time buyers.

Selecting an ideal location is essential to the long-term value of any condominium purchase. A place near an MRT or transport line allows for easier commuting while helping maintain property value; condos located closer to city centres tend to offer greater value.

Opting for either new or resale condos should also be carefully considered. New condos feature modern structures, high-tech security systems and contemporary furnishings; on the other hand, older resale units often need more maintenance and require greater upkeep.


As well as standard amenities such as swimming pools and gyms, condominiums also feature other features designed to enhance residents’ quality of life. These may include rooftop gardens for planting vegetables and herbs or community areas where residents can gather to socialize – both features that add a sense of community among residents while adding value to the property.

Additional essential amenities at condos may include security and backup power services. In some instances, round-the-clock security assistance and private playgrounds may also be provided by them. Other luxury amenities may include spa and wellness facilities, state-of-the-art fitness gyms and jogging tracks.


Prior to purchasing a condo, it is crucial to carefully consider the various financing options and understand the rules governing property ownership in Singapore. First-time home buyers may qualify for various government grants that can assist with down payments – this may help make the purchasing experience simpler and reduce stress levels overall.

As well as making your down payment, when purchasing a condo you will also have to cover stamp duty and legal fees as well as monthly loan repayment costs and any recurring costs such as property taxes and insurance premiums.

Save for your down payment of a condo as early as possible to ensure a lower interest rate mortgage loan. Do your research and consult a financial advisor prior to making any definitive decisions. You should assess your financial capabilities and select an affordable loan amount and tenure.


Before signing any paperwork to purchase a condo, always review its maintenance costs carefully. These fees do not conform to standard formulae and may vary considerably based on factors like unit size and location.

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Typically speaking, larger condos tend to have higher maintenance fees. Furthermore, living near a refuse station will increase these costs even more so it is wise to select a condo that fits your lifestyle and budget best.

Monthly condominium fees are calculated based on each unit’s share value in a strata property and include a monthly management fee and contribution to a sinking fund, used to pay for facility maintenance expenses; it may increase as projects age but market watchers don’t expect this change to have any noticeable effect on overall pricing.