get an agent

Buy with an Agent

Dedicated experts at your service

Documentation Services

Leave the paperwork to us

do it yourself

Browse New Launch Condos

Find new units for sale

Browse Resale Listings

Connect with sellers through our app

RESOURCES

Calculate Buyer’s Stamp Duty

Find the amount payable when buying

Affordability Calculator

Find the amount payable when buying

How to Buy an HDB

A step-by-step guide to buying HDB

How to Buy a Private Property

A step-by-step guide to buying condo/landed

get an agent

Sell with an Agent

Dedicated experts at your service

Documentation Services

Leave the paperwork to us

do it yourself

Post a Listing for Free

Connect with buyers through our app

RESOURCES

Calculate Seller’s Stamp Duty

Find the amount payable when selling

How to Sell my HDB

A step-by-step guide to selling HDB

How to Sell my Private Property

A step-by-step guide to selling condo/landed

HOME E-VALUATION

For tenants

Rent with an Agent

Dedicated experts at your service

RESOURCES

How to Rent an HDB

A step-by-step guide to renting HDB

How to Rent a Private Property

A step-by-step guide to selling condo/landed

For landlords

Lease with an Agent

Dedicated experts at your service

Lease Documentation

Leave the paperwork to us

RESOURCES

How to Lease an HDB

A step-by-step guide to renting HDB

How to Lease a Private Property

A step-by-step guide to selling condo/landed

Do it yourself

ARTICLE CATEGORIES

HDB

All things about public housing

Private Property

All things about private property

Home Improvement

Guides for must-know reno tips

Financing

All about mortgage solutions

Towns

Singapore townships in focus

Client Stories

Success stories from customers

Founders’ Message

From the desks of Rhonda & Race Wong

Browse thousands of unique listings, for free!

Investing in a property in Singapore?
Share on facebook
Share on twitter
Share on email
Share on whatsapp

Buying a Flat 101: 3 Tips in Having a Great Location

Ohmyhome

Ohmyhome

Share on facebook
Share on email
Share on whatsapp

Looking to purchase a property soon? How can you make sure to prevent buyer’s remorse in a few years’ time? The answer lies in an eight letter word: L-O-C-A-T-I-O-N. With much patience, your new property will ideally depreciate at a much slower rate in the long term, due largely as a result of its great location.

Whether you are looking for an HDB or private home, you should keep the following critical factors in mind as you go house hunting:

1. Evaluate the level of accessibility to nearby transportation

3-tips-buying-house-great-location-ohmyhome-MRT

Can you easily find buses and MRT stations? Besides homes located in city centres, those with convenient access to public transportation are usually in higher demand and fetch higher prices than similar properties without it.

Also, with Singapore government pushing for a zero vehicle growth rate and the occasional train disruptions, you will soon come to appreciate the convenience and benefits of living in a great location.

You should never purchase a property without clearly understanding about the current and future transportation plan for the area. Avoid areas far away from MRT stations, unless you live in a “ulu” area and own a car. This will only be an exception assuming there are future plans to open a new MRT station in the area.

2. Keep a lookout for key infrastructure development

3-tips-buying-house-great-location-ohmyhome-construction

For areas located away from the city, you want to watch out for major infrastructure developments like the High Speed Rail in Jurong, or even building of new roads. This is a crucial indicator of a healthy neighbourhood in the long term, as property value in Singapore are generally closely related to the government’s infrastructure initiatives.

Other progressive developments include the incorporation of business hubs and offices, recreational areas, as well as development of education institutions.

You can also find out what Urban Redevelopment Authority (URA)’s future master plans for the area is, which presents a good picture of the amenities that you should expect to witness in the neighbourhood later. Analyzing the URA Master Plan is probably one of the best methods to gauge the projected price of the property you plan to buy.

Who knows, you could even hit the jackpot once the underdeveloped area is transformed into the next hip, edgy, gentrifying urban centre, which will justify the ROI of your purchase in the long term. As the infrastructure developments take place, your property value will increase significantly and turn out to be a good investment.

Alternatively, Ohmyhome frequently publishes write-ups about residential areas that can give you a better idea of what to expect before settling in.

3. Check how far away you are from amenities you require

3-tips-buying-house-great-location-ohmyhome-supermarket

You will benefit from moving to an area within walking distance to the main amenities you need, once you realize the amount of time it will take you to get there. You want to clearly understand how long it will take you to get to your workplace, the city centre and other frequently visited places including the childcare centre and your parents’ house.

In addition to MRT stations and bus stops, other essential amenities you might frequent can include schools, shopping malls, supermarkets, as well as libraries and sports facilities like swimming pools.

But depending on various interpretations of what makes for a great location, subjective factors that determine a property’s value will also be considered. As a home is much more than just an investment, you should not expect a single property to meet all needs and preferences.

Find your dream home now with Ohmyhome property listings. If you need assistance in buying your dream home, learn more about our HDB Buyer Agent Service. We can help with financial planning and exploring of housing grants suitable to your diverse needs! Call us at 6886 9009 to learn more.


Related posts:

Subscribe Now

Get a notification every time we upload a new blog post.

Browse thousands of unique listings, for free!

Investing in a property in Singapore?

Featured Blogs

Your one-stop guide for must-know HDB tips

get an agent

Buy with an Agent

Dedicated experts at your service

Documentation Services

Leave the paperwork to us

Do it yourself

Browse New Launch Condos

Find new units for sale

Browse Resale Properties

Download the app and speak directly to sellers

RESOURCES

Affordability Calculator

Calculate required tax for selling

Calculate Buyer’s Stamp Duty

Find the amount payable when buying

How to Buy an HDB

A step-by-step guide to buying HDB

How to Buy a Private Property

A step-by-step guide to buying condo/landed

bUY OVERSEAS

get an agent

Sell with an Agent

Dedicated experts at your service

Documentation Services

Leave the paperwork to us

do it yourself

Post a Listing for Free

Download the app and connect with buyers

RESOURCES

Free Home E-Valuation

Know the value of your property in seconds!

Calculate Seller’s Stamp Duty

Find the amount payable when selling

How to Sell an HDB

A step-by-step guide to selling HDB

How to Sell my Private Property

A step-by-step guide to selling condo/landed

get an agent

Rent with an Agent

Dedicated experts at your service

do it yourself

Browse Rental Listings

Download the app and connect with landlords

RESOURCES

How to Rent an HDB

A step-by-step guide to renting HDB

How to Rent a Private Property

A step-by-step guide to renting condo/landed

get an agent

Lease with an Agent

Dedicated experts at your service

Lease Documentation

Leave the paperwork to us

do it yourself

Post a Listing for Free

Download the app and connect with tenants

RESOURCES

How to Lease my HDB

A step-by-step guide to renting out an HDB

How to Lease my Private Property

A step-by-step guide to renting out condo/landed

FEATURED ARTICLES

Condo Renting 101: Where to Look, Sizes and Cost

Looking for a condominium to rent ...

Ohmyhome Raises US$5M in Series A+ Funding

Ohmyhome, the leading Property 
One-Stop Shop Platform

ARTICLE CATEGORIES

HDB

All things about public housing

Private Property

All things about private property

Home Improvement

Guides for must-know reno tips

Financing

All about mortgage solutions

Towns

Singapore townships in focus

Client Stories

Success stories from customers

Founders’ Message

From the desks of Rhonda & Race Wong

Social media

Other