How Much Will It Cost To Market A Newly Launched Property
Planning to market a newly launched property? Before you take off, you need to know how much money it will cost to get started. You must also know the market place before you invest and launch a property. An analysis of prices is a must. Find out the launch price and compare it with the latest price. Inquire about the price trend from local brokers, who will be able to give an idea about how much discount you can expect on the quoted price.
For example an Executive condominium (EC): It is a hybrid of public and private housing. They are built by private developers but buyers are subject to a set of eligibility criteria set by the Housing and Development Board (HDB). Executive condominiums are meant to meet the housing aspirations of the elite family who wish to live in private condominiums but fall a little short financially. Marketing a newly launched executive condominium can cost depending on what tools will you use. You can use advertisements thru newspapers, radio, television and social networking sites.
According to the Economist Intelligence Unit, the cost of living in Singapore is the highest of any city in the world. But then it depends on the lifestyle you chose to adopt. How much it will cost to market new condos in Singapore? Your start up costs $ 500, 000, you’ll need solid numbers. You should have hard data, plus valuable insight, from a variety of sources. Staying in a condominium feels different from staying in a HDB flat. There is security, a swimming pool, a gym, barbecue pits and also the feeling of a high end living environment. It gives someone a rich feeling perhaps? Especially, nowadays condominiums are going high tech probably an income of $8870 would be comfortable to own a condominium in Singapore.
In Singapore, a developer who wishes to sell in an uncompleted development, such as one that has just been started construction, must first obtain a Sale license to do so. After having a license that is subject to government conditions meant to protect people buying property in Singapore, then he/she may proceed to sell units in his development. He/she then can market a new property launches in Singapore usually, with publicity and ads in the major newspapers. A large development may even merit a media campaign. There is also a showroom, with models and show flats, where the preview takes place.