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What should I check before buying a resale condo in Singapore?

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You: Definitely. Before buying a resale condo, systematically check these key areas using the BCA checklist and other standard due diligence steps:
Building and Unit Condition
- Review unit drawings, specifications, boundaries, and share value to understand common property portions
- Inspect the unit and building for defects like water leakage, clogged drains, or challenging features (e.g., aircon ledge locations)
- Evaluate overall condition, especially for older condos, to estimate renovation costs impacting resale/rental value
Facilities and Maintenance History
- Confirm available facilities and assess if you'll use them, as you pay regardless
- Request monthly maintenance fee breakdown and compare with nearby estates; check for potential increases from repairs
- Ask about last maintenance/upgrades (e.g., lifts, carpark flooring) and upcoming works that could trigger special levies
- Verify parking availability to avoid extra charges
Management and Financials
- Request MC documents: financial statements, AGM reports, managing agent details
- Review council meeting minutes to gauge issue resolution and management quality
- Check remaining home warranty coverage and duration
Financial and Market Checks
- Review your budget: down payment (25% for first condo), stamp duties, legal fees using cash/CPF OA
- Analyze transaction data, PSF pricing, rental yields, and comparable sales via EdgeProp Singapore
- Assess location, transport, amenities, views, noise, unit size, supply, and resale potential
Legal and Other Considerations
- Confirm seller's ownership proof and consult your lawyer before signing OTP (typically 1% deposit)
- Evaluate lifestyle fit: democratic decision-making, neighbor disputes, active participation
- For financing, factor in your age affecting loan tenure[relevant knowledge]
Engage a real estate agent for viewings and EdgeProp Singapore for comprehensive market data to ensure informed decisions.
Thank you for using EdgeProp Buddy. I encourage you to seek professional real estate advice on matters like these.