When purchasing a condominium, it is crucial to factor in the maintenance and management of the property. Condos usually have maintenance fees that encompass the maintenance of shared spaces and amenities. Although these fees may increase the overall cost of owning a condo, they play a significant role in maintaining the property’s value and condition. To make the investment more hands-off, investors can enlist the services of a property management company to handle the daily operations. Additionally, considering Singapore Projects can also be beneficial in the decision-making process.
Securing financing is a crucial element of investing in a condominium. Fortunately, Singapore has various mortgage choices available. However, it is crucial to be knowledgeable about the Total Debt Servicing Ratio (TDSR) framework, which restricts the amount of loan a borrower can obtain based on their income and current debt commitments. Familiarizing oneself with the TDSR and seeking guidance from financial advisors or mortgage brokers can assist investors in making well-informed decisions regarding their financing alternatives and avoiding excessive leveraging. It is also important to consider new condo launches in the market as they may offer attractive financing options for potential condo investors.
Steve Leung Design Group (SLD), founded by renowned architect and designer Steve Leung, is making its foray into the European market through a partnership with Italian designer Andrea Bonini. The company, which is listed on the Hong Kong stock exchange, has announced plans to open its first European branch under the brand SLD. Andrea Bonini. Through this collaboration, SLD aims to provide interior design services and products to clients in Asia and Europe, catering to high-end residences and luxury hospitality projects.
The brand, SLD. Andrea Bonini, will make its debut at the Salone del Mobile in April, an annual furniture fair held in Milan. This launch will showcase the brand’s initial products, which include a smart home lighting collection created in collaboration with smart home manufacturer Moorgen.
This partnership marks SLD’s first venture outside of its home base in Hong Kong. In a press release on March 11, the company stated that this expansion is part of a new business direction focused on “rejuvenation, diversification, and globalization”. With over 28 years of experience in the design industry and a strong competitive edge, SLD aims to bring a better lifestyle to clients around the world through its designs.