Having a house is the most significant investment that you can make as a young professional but before buying, you need to sort out your finances first. You need to determine if you can afford it or not. Yes, you can get a mortgage from banks but there are also other fees that it entails.
If you understood everything, the next thing to consider is picking the right location. Here are some locations that you should think about when buying a condo:
Katong is gaining popularity because of its reasonably priced home or rental. This is perfect for young professionals because of hawker stalls, karaoke bars, and local shopping malls. Although this is not as modern as the other areas, you will enjoy traditional Singaporean living. There are no MRT lines but you can consider the busses.
Like Katong, East Coast offers reasonably priced condo units. This area is also popular for young professionals. The best thing about the area is it has its own park that spans 185 hectares including a man-made beach. It is close to the sea so you are never far from seafood restaurants. Commutes to work are easier because of the ECP (East Coast Parkway) and PIE (Pan Island Expressway). The condos in this area have sea view plus it is close to Changi Airport.
If you want a spacious home but for a reasonable price, you should consider Woodlands. It is far from CBD but if you do not mind as long as you have a spacious unit, Woodlands is ideal. It has a suburban neighborhood vibe and if you can easily access Johor Bahru over the causeway going to Malaysia.
Upper Bukit Timah
If you are a nature lover, you need to consider the Upper Bukit Timah. It is home to Bukit Timah Nature Reserve. If you look closely, you can find condos having forest view. The area has a great selection of restaurants, shops, and schools. If you do not mind a long commute to the CBD, you definitely want to live here. Commuting is via bus but you can easily hop on to the expressways for an easy drive. You can consider Mayfair Modern Former Mayfair Gardens Enbloc as a start.
If you are not sure what area is right for you, there are many people who can help you. For instance, you can consider real estate agents. When looking, you should visit the Council of Estate Agents. You need to consider a lawyer as well if you are keen on buying a property.
However, if you are not yet ready to buy, you can consider renting. Ideal places to rent are Orchard Road, Robertson Quay, and Holland Village because of its close proximity to the CBD (Central Business District), great transport links and a huge selection of restaurants and shops. Note that these properties are expensive.