6 Hot Property Market Trends in Singapore 2024: What Buyers Should Anticipate
TLDR When diving into Singapore's property market, expect a rollercoaster ride as trends shift drastically in 2024. Landlords and tenants...
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TLDR
When selling a condo, focusing on highlighting key facilities like gyms, swimming pools, family-friendly amenities, community gardens, and clubhouse facilities can significantly attract potential buyers. These features add value to the property and cater to different buyer preferences, such as fitness enthusiasts, families with children, and those seeking community engagement. By emphasizing these facilities in property listings, sellers can differentiate their condos and draw attention from a wider audience looking for unique and well-equipped living spaces.
For resale condo owners and agents, the usual practice is to highlight the individual apartment’s features and specifications, like floor plans, number of bedrooms and tenure, when posting property listings.
After showcasing the features of the apartment, the seller can then draw the viewer’s attention to the condominium’s key selling points, such as its location, nearby transportation, amenities, and, of course, the condominium’s own facilities.
Often, when trying to sell a condo, sellers will list the facilities on a property listing page and will sometimes even feature them in video walkthroughs.
However, what is mentioned about the condo facilities is merely given a passing mention, with only one or two words on the page and a few seconds of airtime in a filmed walkthrough.
This is something that is frequently overlooked, since potential buyers are not just purchasing the apartment, but also the on-site amenities, facilities, and provisions that come with the condo.
Singapore’s condo developments each boast their own special features, including the facilities they provide. To really attract potential buyers, it’s helpful to highlight the functions, benefits, and individual characteristics of each of those facilities.
Let’s take a look at five condo facilities that could be promoted to make buyers take notice!
1. Gyms And Sports Facilities
As Singaporeans become more aware of the importance of looking after their mind, body, and soul, the majority of condo developments now boast gyms and sports facilities.
To ensure a condo stands out from the rest, potential buyers should take note of the type, number, and size of these facilities.
For instance, some condo gyms provide a wider range of exercise options, like treadmills and multi-use gym utilities, for an all-encompassing workout experience.
For sellers looking to attract fitness-minded buyers, highlighting the other sports facilities within their development, such as tennis courts and yoga spaces, is a great way to showcase the value of their property without the additional expense of a gym membership.
This can offer buyers more options for their workouts, ensuring they find the perfect fit.
2. Swimming Pools
Swimming pools come in all shapes and sizes, each with its own unique purpose. For example:
50m Lap Pool
At 50 metres long, a 50m lap pool is the same length as an Olympic-sized swimming pool – its name speaks for itself! Perfect for fitness-focused athletes who appreciate ample space, 50m lap pools can be found in select condos, like High Park Residences, Kingsford Waterbay and Skyline Residences.
Infinity Pool
Infinity Pools are the ultimate luxury for those looking to add a touch of glamour to their lives.
With their mirror-like surface and water cascading from the sides, they can be a stunning addition to any home, creating a spectacular view for those lucky enough to take a dip.
Whether you’re looking to create a mini Marina Bay Sands Singapore or just want to bask in the beauty of your surroundings, these pools can be found in many condos, including Sky Habitat, The Sail, and Wallich Residence.
Wading Pool/ Kids Pool
Young children can have hours of fun and even learn a thing or two in a Wading Pool; these shallow pools are typically no deeper than 24 inches and can often be found in condos like Treasure at Tampines, Waterbay, and The Sound.
To make them even more enjoyable for the little ones, some of these pools come with exciting features like water slides, water fountains, and spray guns – sure to bring a smile to the face of any parent!
Freeform Pool
Those looking for a more unique pool experience may find exactly what they’re looking for with a Freeform Swimming Pool.
Unlike a traditional pool, these pools boast a rectangular, tiled shape and an irregular design with curves or flowing lines – making them perfect for anyone wanting to bring a natural pond, lake, or oasis into their backyard.
Not to mention, many modern freeform pools come with additional features such as rock and waterfall accents, creating a luxurious beach-like ambience that’s perfect for unwinding and relaxing without ever leaving home.
Such serene swimming pools can be found at many condos such as Coco palms, Seasons Park and Forestville.
Other Pool Related Equipment
Swimming Pools in condominiums are increasingly outfitted with special features like Pool Bars, making them ideal for anyone who loves hosting get-togethers with their pals. And for those seeking more diverse workout opportunities, there are now Aqua Gyms – an extra bonus!
3. Family-Friendly Facilities
For potential HDB upgraders who want to start a family or already have kids, sellers should emphasize the family-friendly facilities they offer. These can be great attention-grabbers!
Here are some ideas:
Childcare Centres
For parents with young children, having a childcare centre on-site in their condo can be a massive advantage – and there are several such integrated developments around.
Examples include North Park Residences, Queens Peak and Grandeur Park Residences – all of which provide the convenience of easy access to childcare services.
Playgrounds And Play Areas
Playgrounds in Singapore condos vary greatly in terms of attributes and offerings, making it possible for families with children to find one that is perfect for their needs.
Many condos boast multiple playgrounds, packed with amenities such as swings, sandboxes, jungle gyms and merry-go-rounds.
This is an especially attractive feature for parents as they can provide their kids with endless entertainment without ever leaving home!
4. Allotment and Community Gardens
Community Gardens in condos are becoming increasingly popular as the Urban Redevelopment Authority’s Landscape Replacement Areas guidelines are allowing these segregated plots for residents to grow their plants.
Not only do these gardens fulfill the URA’s requirements, but they also offer a unique way for people to beautify their homes.
With the increasing popularity of gardening, people are finding immense pleasure in growing their own fruits and vegetables. Thus, these flourishing gardens can become a selling point to captivate prospective buyers who yearn to cultivate flowers, herbs, and vegetables.
5. Clubhouses, Function Rooms, and BBQ pits
A great selling point for condos is the variety of amenities they provide – from playgrounds and clubhouses to function rooms and barbeque pits.
Prospective buyers should take note of the number of these facilities included in the development, as newer and larger complexes tend to have more than smaller, older condo buildings.
Modern clubhouses and function rooms in state-of-the-art developments boast a wide array of amenities, from dining pavilions and dance studios to entertainment rooms. What’s more, some condos boast truly remarkable clubhouses, like A Treasure Trove, which has preserved its classic British colonial architecture in a historically-conserved building – Matilda House.
Conclusion
Finally, every feature of a condo is essential. To increase the attractiveness of their property to potential buyers, sellers should emphasize the advantages of these features and thereby add value to their listing.
Looking to Sell Your Property?
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Are you approaching the Minimum Occupation Period (MOP) of your HDB apartment or has the Seller Stamp Duty (SSD) window of your condo already passed?
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It is always advantageous to have an understanding of the potential returns if you were to put your property up for sale. Additionally, you need to ascertain if your gains will enable you to upsize to the dream home in the neighbourhood you and your family have been longing for.
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For an easy and reliable way to get a free Property Valuation, just send me a request!
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If you’ve got a property-related story that you’d like to share, don’t hesitate to drop me a message and I’ll get back to you!
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Alternatively, you can send me a DM and I’ll reach out to you
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