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Renovating a very old condominium in Singapore

July 25, 2010 6 comments

I recently purchased a “Freehold” condominium in Singapore for a low price of SGD$880,000, about US$628K.

It’s very old for Singapore, about 25 years old located in the central west area of Singapore next to some great shopping.  25 years is ancient in Singapore where new condos/buildings are going up every hour. 

The good news is that many condos next to mine are going for 1.5 times a price premium (at the least) making this place a pretty good buy if you intend on keeping it.

Here are some pics when I took it over:

IMG_0172 IMG_0189 IMG_0178 IMG_0179 IMG_0181 IMG_0191IMG_0185   IMG_0174

It gets worse, trust me, so I only included the tidy pictures for your viewing pleasure.

Anyhow, I obviously need to renovate since I will be moving there soon with my wife, and she likes a clean place too.

Basically, the entire condo will be renovated.  All flooring will be pulled up, all walls retiled or repainted, new everything, etc. etc. etc.

It’ll cost a lot, around 50K USD for all of the work – then I need to buy the appliances, etc.

Kind of a waste of money, renovation is, but since the condo is a freehold, it’ll be worth it in the long run I think.

039

Gotta include one of the wife 🙂

Anyhow, more on this condo renovation next posting – I will show you the CAD drawings I’m creating and the software I’m using.  It’ll be cool 🙂

-Todd