Tips
on how to choose a club
Budget
WORK out your finances and
pick a club that is within your means, instead of aiming solely for
prestige. Club memberships range from the affordable from about
S$700.00 for Arena Club to S$220k for the Singapore Island
Country Club.
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Ability
to uphold
You may be able to afford
to
buy a club membership, but how can you maintain it? Factor in the
monthly subscription fee as well as the food and beverage levy to
work out how much financial commitment is needed every
month.
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Location
Pick a club that is
either near your workplace or your home to derive better mileage
from your membership. You can drop in for a meal, a swim or a gym
workout if the club is a stone's throw from your office. If it is
located near your home, your children and spouse can also make use
of club facilities more frequently.
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Facilities
Decide what you or
your family members' dominant activities are and pick a club that
best suits those needs. For instance, if you are a serious golfer,
choose a club that offers golfing instead of just a
social-style one. Or, if you plan to visit a club with your family,
choose a family club with facilities that cater to everyone, such as
a Child-care centre, Olympic - sized pool or jackpot and mahjong rooms for your
parents.
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Transfer
fee
Find
out the transfer fee of a club to determine its resale value. For
instance, if you buy a club membership at $12,000 and the transfer
fee cost is $3,000, you will have to sell it for at least $15,000 to
break even. High transfer fees sometimes deter buyers as the
membership might not work out as a sound investment since returns
are lower.
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Scale of
membership
A club
with too many members might mean insufficient facilities or longer
queuing time for amenities. Also, too broad a membership base might
lead to a depreciation of a club prices as supply exceeds demand.
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Management
style
Check to see if the
club is a members' or proprietary one. The former allows you voting
rights and a say in determining club policies, For that latter, find
out if the management has a good track record to gauge the standard
of service you can expect.
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