People who are looking to upgrade their living space, or stay in the city without owning property might want to consider moving into a one-room condo in Singapore. These dwellings are typically compact and may suit singles, students, and ex-pats on budgets.
Purchasing a one-room condo can be especially attractive for homeowners who wish to sell their homes but do not have the funds to upgrade to a larger property. Moreover, young retirees, parents who are downsizing after their kids move out of the family home, and working adults may also want to consider purchasing one-room condos in Singapore as they transition into new life stages or stages of employment.
Some people might not be able to afford the median price of a condo unit in Singapore, ranging from S$388,000 to over S$700,000. There are now developments that offer one-room condos in Singapore for prices as low as S$60,000. Check on https://www.newcondo.com.sg/category/one-bedroom-condo/ for more information.
One major consideration when looking at the purchase of one-room condos is whether you prioritize a place to sleep and bathe or a place to live and work. While most one-room condos come with a kitchenette, some may not have the space to fit your regular dining table. There are also no separate living rooms in these one-room units; instead, you may find yourself cooking and relaxing at the same time.
If you need sufficient storage space for all your belongings, living in one-room units may get hard. Storage space is limited in these dwellings, and you might need to get creative when managing your storage needs.
Many one-room condos are located in the heart of CBDs; therefore, commuters can enjoy easy access to their workplace without added stress due to traffic jams. Living downtown also means that there are plenty of things to do in these highly populated areas, from being surrounded by exciting shopping and entertainment venues to being close to good schools.
If you have a busy schedule, living in a one-room condo may be convenient because you can save time on commuting or tidying up. However, if you enjoy keeping a clean house and having access to your own space, it might not be the best choice for you.
If you are an animal lover, this may not be a suitable living space for you since there is no designated space for pets in one-room condos. In addition, the size of these dwellings usually does not accommodate more than two people comfortably; therefore, if you intend to start a family shortly, this may not be the best choice.
Some people find it difficult to cope with their lack of a private space after living in a large spacious home for a long time. Moreover, there is no door so you have less privacy within your one-room condo.
One good thing about moving into one-room condos is that you can save costs. At the same time, you can have development amenities that are not typically available in older properties. For example, some developments offer shared facilities such as swimming pools for your entertainment or wellness needs.
Since one-room condos are located downtown, they also provide great connectivity to public transport networks. Some of these units are situated within walking distance from MRT stations, while others may be a few minutes away from bus stops.
There are many things to consider when looking at one-room condos in Singapore, but make sure you consult with the right people to help you through your buying experience. Your agent can provide unbiased advice about these properties and help negotiate a good deal for your purchase.