Geraldine Khoo, 23

“A condo penthouse seems like better value for money. I get a good amount of space whilst being able to enjoy all the amenities a condo has to offer. There’s probably a gym and swimming pool available so I wouldn’t have to spend extra on a gym membership or SAFRA membership to access these facilities outside.

Furthermore, a penthouse would probably have better airflow since it’s located on a high floor, which will help me further save on air conditioning.”

Angela Tay, 56

“I would definitely choose a condo penthouse mainly because of its facilities like a swimming pool and a gym, which most landed properties lack. Condominiums also have that added security, giving me peace of mind.

On top of that, penthouses are usually located on the top floors, giving me access to a nicer view as compared to a landed property (unless the latter is at least three storeys high).

There’s also the social aspect of having neighbours you can interact with when you’re walking along the corridors, taking the lift, or using the facilities.

And most importantly, as I’m terribly afraid of creepy crawlies (especially cockroaches), I prefer a penthouse as the likelihood of finding them on higher floors is much lower compared to landed properties.”

Edsel Ron Chua, 28

“I would choose a landed house if I had the money. I could renovate it however I please and fit whatever I want into my space. I would have more freedom in that sense, as compared to a condo where I can only furnish it. Singapore is quite safe so I don’t think the added security at a condo is really necessary, so all in all I think a landed property is a better option for me.

On top of that, I’d prefer a landed house because there’s more privacy as compared to condos where the units are nearer to each other. I personally wouldn’t use a condo’s amenities that often anyway, so a landed property might be better as I prefer choosing my own studio, gym, etc. I’ll also have more space and freedom for pets if I decide to own some in the future!”

Alan Tan, 39

“Personally, I would choose a condo penthouse as I believe the general maintenance cost would be lower. Though there is a monthly maintenance fee to foot, landed properties are generally larger in area and would incur higher maintenance costs in the long run. If I get a personal swimming pool, maintaining it would probably cost at least S$5,000 a year, compared to using the condo’s pool which would amount to about S$2,500 a year.

Staying in a condo penthouse would also mean living on a higher floor, which offers better views and ventilation. According to the zodiac, I would be more prosperous living on a high floor as well. A higher floor would also mean lesser unwelcome pests entering my home!

Besides that, condos offer ample parking space for visitors and relatives, compared to a landed property that does not provide enough room and lot areas for cars to park.

I would also believe condo penthouses are higher in demand, making them easier to sell and at a relatively high resale price.”

Gordon Lim, 40

“If I had a choice, I would pick a landed property over a condo penthouse any day, because I would want to leave a comfortable home for my kids when I pass on, and to have a property tied to our name for generations to come. That said, I would definitely go for one with a freehold lease in order to leave a legacy for my family.

In an ideal world, I would want to furnish a space big and comfortable enough for all of my children and their future families to live under the same roof, while allowing enough privacy for each of them (but I’m leaving the decision up to them entirely!).

A bigger floor size would also mean being able to host larger gatherings and family reunions, as I enjoy having people over to liven the area.”

When it comes to housing, it seems like us Singaporeans definitely have different priorities. While others value a high floor with a better view, others prioritise space over everything.

So whether you’re Team #condopenthouse or Team #landedproperty, it’s always good to make a checklist of what you value most in a home, and of course plan your budget to ensure that you have enough to make the monthly repayments and the hefty down payments.

Text: Deborah Gan/SingSaver

SingSaver is a personal finance comparison platform that allows users to easily compare credit cards, personal loans, and insurance for free while helping empower people to lead healthier financial lives through increased financial literacy.

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