20 Mar 2026
Understanding CPF Usage for Property Purchase
How Singapore citizens and PRs can use their CPF Ordinary Account savings to fund a property purchase.
Buying Guide
29 Apr 2026
How to Evaluate a Home Beyond the Asking Price
A practical checklist for comparing floor efficiency, travel time, long-term liquidity, and monthly carrying costs before making an offer.
When evaluating a property, most buyers focus on the asking price. But the true cost of ownership goes far beyond that number.
**Floor Efficiency**
Not all square footage is equal. Check the floor plan carefully — a 1,000 sqft unit with a poor layout can feel smaller than an 850 sqft unit with smart design. Look at the ratio of usable living space to total area.
**Travel Time**
Calculate your daily commute from the property to your workplace, your children's school, and your regular grocery store. A 20-minute difference in daily commute adds up to over 120 hours per year.
**Monthly Carrying Costs**
Beyond the mortgage, factor in maintenance fees, property tax, insurance, and utilities. For condominiums, monthly maintenance fees can range from ₹25,000 to ₹65,000 or more depending on the development.
**Long-Term Liquidity**
Consider how easy it will be to sell or rent the property in the future. Properties near metro stations, good schools, and established amenities tend to hold value better and attract more buyers and tenants.
**Condition and Age**
Older properties may require significant renovation. Get a professional inspection done before committing. Factor in the cost of any necessary works into your total budget.
By looking at the full picture, you'll make a more informed decision and avoid costly surprises down the road.
**Floor Efficiency**
Not all square footage is equal. Check the floor plan carefully — a 1,000 sqft unit with a poor layout can feel smaller than an 850 sqft unit with smart design. Look at the ratio of usable living space to total area.
**Travel Time**
Calculate your daily commute from the property to your workplace, your children's school, and your regular grocery store. A 20-minute difference in daily commute adds up to over 120 hours per year.
**Monthly Carrying Costs**
Beyond the mortgage, factor in maintenance fees, property tax, insurance, and utilities. For condominiums, monthly maintenance fees can range from ₹25,000 to ₹65,000 or more depending on the development.
**Long-Term Liquidity**
Consider how easy it will be to sell or rent the property in the future. Properties near metro stations, good schools, and established amenities tend to hold value better and attract more buyers and tenants.
**Condition and Age**
Older properties may require significant renovation. Get a professional inspection done before committing. Factor in the cost of any necessary works into your total budget.
By looking at the full picture, you'll make a more informed decision and avoid costly surprises down the road.
Tags:
buying
evaluation
tips
first-time buyer