Factors that Delay the Construction of Residential Apartments

Home / Real Estate & Property / Factors that Delay the Construction of Residential Apartments

Artist Impression of Canninghill Piers (source: https://canninghill-pier.com.sg/)

Despite all the advantages of the primary real estate market in Singapore, it has one significant drawback. It is quite often that developers put high-rise buildings into operation with a delay. And this is becoming a serious problem for investors. Some buyers are forced to overpay for rent during the downtime or huddle with relatives. And others suffer because they cannot profitable to resell the apartment and return their own investments. Visit official website for Canninghill Piers at https://canninghill-pier.com.sg/ for Canninghill Piers price.

Canninghill Piers residential complex in Singapore is an upcoming project of Capitaland that will accomplish in 2024. The condominiums of Canninghill Piers will be finished with top notch amenities at affordable range.

Stretching the construction time of developers is associated with various factors. Some construction companies do not take into account bad weather in the calculation of deadlines. Some developers do not have enough capital to complete the work on time or to improve the territory. Of course, there are other troubles.

However, the two problems listed are the most common cause of stagnation on the construction site.

How many years it takes to build a high-rise and other important nuance?

The timing of the construction of residential buildings depends on the number of floors, the chosen technology and even the region. The speed of work is directly affected by the type of soil on the site, the number of rainy, frosty and sunny days. Also, we should not forget about the preparatory work, the reception of the building by a special commission and other paperwork, which takes a lot of time.

To begin with, the construction company needs to find a suitable site for construction, then carry out an examination of the ground and begin to prepare the site for the construction of the facility. Only then will other land-related works begin and the foundations can be laid. After the foundation it takes time to stand and only then will the construction of external walls (boxes) begin.
In the final stages, the new building will be led to by city or individual communications, will prepare the yard and carry out repair work inside. And then the high-rise goes through the appropriate checks and is put into operation. If all is well and there are no claims to the final result, then investors get the keys to housing.

However, all of these can stretch up to 4-5 years. The more floors, adjoining buildings and other options for residents, the longer the construction of lcd. The developer has to allocate additional money and people for landscape design, ground or underground parking, commercial facilities, kindergartens or schools in the territory. And for each new facility you need to draw up a construction plan, carry out preparatory work and pass a number of inspections.

It can take up to 2 years to build the simplest panel building up to 10 floors. And even the companies that are tested can fall short of deadlines by handing over the complex with significant time shifts. If the developer has passed the previous residential property in time, it does not guarantee the absence of problems with the current or future project.

The developers of Canninghill Piers are renowned name in the field of residential complex constructions. Known for their work in Asian province, CapitaLand and City Development are ready to launch their new project. Know about Canninghill Piers price from their official website.

5 Benefits of Living in Condominium When there is More Than One Building

Home / Real Estate & Property / 5 Benefits of Living in Condominium When there is More Than One Building

Investing in Pasir Ris 8 is one of the most important decisions you’re going to make in life, that’s why you have to be very careful when choosing the property that will be your family’s home for a long time.

Currently there are many housing developers who build under condominium regimes, but…

 

What does it mean to live in Condominium Regime?

Pasir Ris 8 condo is the group of apartments or homes built vertically, horizontally or mixed for housing use and belonging to different owners, who have exclusive ownership rights over their unit and a right of co-ownership over the elements and common areas necessary for proper use or enjoyment.

For the establishment of the Property Regime in Condominium it is necessary to present to the authority the licenses related to urban development, in addition to mentioning the location and dimensions of the same, as well as a description of the departments and pointing out the percentage that each represents in relation to all development.

The application of an internal regulation and the obligations of the Pasir Ris 8 condo in order to guarantee the fees of the property maintenance fund shall also be annexed. This regime may be extinguished by agreement of the condos themselves, which must be recorded in public deed.

To live in condominium, it is necessary to know the concept of community, because where there are many people there are different options from which you must take advantage of the good and above all the most sensible. What is missing is convincing ourselves that a good condominium depends on the work together and the responsibilities of all residents.

 

Here are 5 benefits of living in condominium and all this can offer you:

SIMPLIFICATION OF MAINTENANCE AND PROPER CONDOMINAL MANAGEMENT

There is an administrator and commission committee not only on the issue of maintenance of all indoor and outdoor common areas, but also to be covering the payment of general services such as, lighting service, trash, security and surveillance, etc., which are included within the monthly neighbourhood fee and other attributes that the same condominiums implement for condominium improvement.

That is why the importance of all Pasir Ris 8 condo complying with the timely and timely payment of monthly and/or extraordinary maintenance fees.

SECURITY FOR YOUR FAMILY

Condos offer greater security than houses in colonies or even regular buildings. Since generally to enter one of the buildings that make up it, it is necessary to enter through a front door that technically have access booths or gates managed by electronic service and that only residents have enabled access systems. Also, because it has different common spaces and being places of coexistence, it is very likely that it also has security cameras. Finally, living in a building is safer because you are surrounded by neighbours, who, in some way or another, can alert people if anything happens.

QUALITY AND LIFESTYLE

In addition to having access to all the comforts of your own home, living in condominium also gives you access to common areas for adults and children. Therefore, condos are an excellent housing option for families, where you can socialize with neighbours and live-in community.

SPACES TO SHARE

Some condos have benefits that are sometimes not offered by regular houses or buildings, such as gym, party room, sports facilities, gardens, interior corridors, guest parking lots, among others.

EXCELLENT INVESTMENT OPTION

The security offered by a real estate investment is unparalleled. Investing in Pasir Ris 8 is usually a safe investment, as real estate is assets that always generate capital gains over time.

Unlike a colony or single house, a condo offers privacy for you and your family, which is very important to everyone. Living in these places will give you the freedom to exercise freely, that your children can play safely and in green areas, decide who enters your home or not and be in a safe environment 24 hours a day.