If you are opting to purchase Park Colonial Condo, there are some questions that you will want to ask your local property agent or the URA. The URA is the Urban Redevelopment Authority of Singapore. Taking charge of your residential condo premises which plays many crucial roles in the way the condo building is being operated. Buying a residential property will certainly come with some important Q&A that will make it easier for you to understand before moving into Park Colonial Condo along Upper Serangoon road at Woodleigh lane.
We will make the journey of acquiring the property a smooth process for you and your loved ones when you have finally decided to settle down in Woodleigh Lane by purchasing Park Colonial Condo. It will be one of the wisest choice in buying this new residential project as you will be a part of the growth in this new town. A second Bishan in the making will certainly be enough to salivate over when HDBs there crosses the million dollar mark in recent years.
Who is URA?
The URA, also known as the Urban Redevelopment Authority, is a board of directors, whom were elected to run or oversees the project admin in its entirety. Areas that the URA focuses on are the financial management of the project, business affairs dealing with the development, the enforcement of rules for the properties, common assets of the entire property and/or areas of the properties. Most of all the URA sees to the overall maintenance and upkeep of the building interior and exterior. The MCST aptly provides the essential elements to protect property values, structure the community within and provide a great place to live in for the owners of residential units.
Questions to ask a property agent about URA:
How accessible and active is the URA?
Many a times, when you’re trying to contact someone from URA, it could prove to be difficult and there are many reasons to this. Probably you want to ask your agent just how accessible they are to the public. If you’re trying to get important documentation before you move into the condo or even if you’re already living in it, you’ll want easy access to the URA for getting the important issues done in a timely manner. The URA holds crucial datas and documentation, most of them are important missing puzzles to questions that you’ll have.
Before you move into a condo development, it’s best to request as many documents as you can, that you’ll need from the URA. Your agent will be able to get the documents from them but most likely after the offer is accepted. The documents of importance that you’ll need includes CC&Rs and by-laws of the building, also the annual budget, special assessments, reserve studies and URA board minutes are some important documents for you to acquire. These documents will also allow you to know how active your URA is and how often they work to keep your building in tip top condition.
What are the URA fees and what they cover?
If you live in a private property in Woodleigh such as Park Colonial Condo, you’ll certainly have to pay certain fees. Maintenance fees are similar but differ in each different condo as they may offer more or lesser amenities. However, it will surely cover most area especially the exterior building maintenance, garbage, water, sewer, undergrounds, pool, community centre, security and much more that the building has to offer the residents. A lot of home buyers who bought other developments were shocked because they are unaware of the fees required that comes along with buying a condo apartment. You should always know what fees to expect, and what they cover from them so that you won’t have the shock of your life after committing the purchase of your new condo.
If you’re still in a dilemma on what to expect, please do not hesitate in contacting us here and we’ll assist you further on your purchasing of Park Colonial journey.