FAQs - Frequently Asked Questions

1. GENERAL

Yes, construction work has begun in February 2016. You can arrange a personal appointment on site to monitor the progress.

From the end of 2018, the entire project is scheduled for completion.

Yes, a 1:200 scale model is available for you to view. It goes without saying that consultation with a member of our team and viewing the model is completely free of charge and does not represent any obligation on your part. To arrange an appointment simply call +43 (0)1 53 29 848  or send an e-mail to parkapartments@signa.at.

With total real estate assets of more than EUR 6 billion and revenue of over EUR 3 billion from its retail interests, SIGNA has grown to become one of Europe’s leading real estate specialists since it was set up 16 years ago.

SIGNA Real Estate owns and operates a broad long-term portfolio of exceptional properties, and is regarded as an expert partner in real estate services. The business has a total of around 150 employees spread across four separate companies. Visit www.signa.at for more information.

Renzo Piano is one of the world’s most famous architects. The Italian star architect and Pritzker Prize winner is a master of civil engineering. London, Paris, New York – landmarks all over the world bear his unique signature. Highlights include Europe’s tallest skyscraper, The Shard in London, the New York Times Building, the revolutionary Pompidou Centre in Paris and the redevelopment of Potsdamer Platz in Berlin.

Privately financed apartments may be used by the owner or bought as investment properties using private financial resources – i.e. they are not financed by government residential building subsidies. Such properties can be let out to others, which is not an option with subsidised properties.

No, our company does not offer financing, nor does it provide specific recommendations in this matter. However, we do have lots of contacts at various finance providers which we would be happy to pass on if desired.

All of our apartments are available to purchase as investment properties. While owners have the option of managing their residential investment themselves (rental, maintenance etc.) they can also invest in an all-in carefree package. We would be happy to draw up a sample income statement for your prospective apartment. Visit http://parkapartments.at/en/apartments/investment/ for more Information.

Yes, the Parkapartments am Belvedere will be managed by Palladio Immobilien GmbH, who we have been working with for many years now.
See 2.7. SERVICE EXPENSES for more information about service costs.

Yes, provisional energy efficiency certification equivalent to thermal insulation class B has already been achieved, and varies from tower to tower. The final energy efficiency certificate is issued shortly before completion and is valid for a period of 10 years. We would be more than happy to provide you with a copy of the relevant provisional certificate, simply call +43 (0)1 53 29 848  or send an e-mail to parkapartments@signa.at.

Heating energy demand amounts to 26.81 kWh/m².a (average value). See also 1.10. ENERGY EFFICIENCY CERTIFICATE.

2. RESERVATION / PURCHASING PROCESS / COSTS

Yes, you can reserve an apartment for 14 days free of charge and with no obligation to buy.

A purchase offer is a binding preliminary agreement that serves as the basis of the sales contract.

The sales contract and all other related contracts are finalised and signed at the law office of the purchaser’s choosing.

No, the PARKAPARTMENTS AM BELVEDERE are commission-free properties. No matter whether they are acquired from SIGNA directly or one of our sales partners.

The purchase price is to be paid in instalments in accordance with the Austrian Housing Development Contract Act 2 (BTVG2). The individual instalments are determined by the real estate trustee and must be transferred to the deposit account in a timely manner.

When purchasing a property  in Austria various incidental costs are applied which are calculated on the basis of the purchase price:

    • 3,5% Property transfer tax
    • 1,1% Title registration fee
    • 1,9% Contract fees

The purchaser is responsible for meeting all incidental purchasing costs.

(status: July 2016)

Operating costs are calculated at EUR 2.36/m² per month excl. heating, cooling and warm water.

Operating costs are calculated according to the property’s pro rata share, based on the title registration entry. Energy consumption is calculated using calibrated meters and billed by the provider directly.

Wien Energie: district heating, district cooling
Wien Strom: electricity. Connection fees for each apartment have already been paid – meaning that no additional costs will result for the purchaser.

3. APARTMENT / FIXTURES & FITTINGS / COMMUNAL SPACES

All living spaces are fitted with solid wood flooring. Wet rooms come with stone floor tiles. Please contact a member of our team if you require further information: simply call +43 (0)1 53 29 848  or send an e-mail to parkapartments@signa.at. We can also send you a copy of the building and interior design specification which provides additional details.

No, but the kitchen areas have all the necessary connection points (high-voltage connector for electric oven, dishwasher connections etc.). SIGNA has negotiated special rates for buyers with a number of kitchen studios.

Flooring: stone tiles
Walls: stone or ceramic tiles and paint finish
Bathtub/shower: fixtures and fittings, as per sales plan
Other bathroom equipment includes a wall mounted sink, a wall mounted WC and a heated towel rail.
If desired, we can also send you a copy of the building and interior design specification which provides additional details of bathroom and WC fixtures and fittings. Simply call +43 (0)1 53 29 848  or send an e-mail to parkapartments@signa.at.

While repositioning walls is not out of the question, various factors must be taken into account (shafts, sprinkler systems, cooling ceilings etc) and it may result in additional costs.

Special requests regarding surface coverings can be accommodated, provided they are technically feasible, are submitted and commissioned in good time, and do not breach official regulations. Any additional costs incurred must be paid in accordance with the relevant agreement in the sales contract. Changes in layout that affect the sprinkler system, cooling ceiling, etc. must be assessed and approved by the building services consultant and the architect.

Safety and security are paramount at the PARKAPARTMENTS AM BELVEDERE. Each apartment comes with a fire retardant, burglary resistant and sound proof front door, that complies to safety standard 3, as recommended by the Vienna police department. Each apartment is also equipped with a digital video intercom. The entrance area of each apartment has been prepared for the retroactive fitting of an alarm system.

The following thermostat-controlled equipment is planned to help create a pleasant ambient temperature:

    • Sun shades: external electrical sunshades, central wind monitor, can also be fitted with daylight sensors
    • Ceiling cooling in recreation rooms
    • Underfloor heating

If desired, we can also send you a copy of the building and interior design specification which provides additional details. Simply call +43 (0)1 53 29 848  or send an e-mail to parkapartments@signa.at.

An optional intelligent home automation system may be installed at additional cost. The basic electrical installation includes empty socket boxes and a large electricity distribution box. The basic smart home system includes the following functionality:

    • Control of heating and cooling
    • Control of the external blind system
    • Door contact sensor monitoring with e-mail or text message alert
    • Voltage monitoring
    • Home automation remote control via smartphone or tablet

Selection category apartments come with a smart home system as standard.

The property has connections to the Telekom Austria and UPC Telekabel networks. Empty ducts are provided for occupants who wish to install a (shared) satellite dish at a later date (one dish on each roof).

Each building has the following communal areas (among others):

    • Mail boxes: The mail boxes are located in the porches of each building. A second entry leads to the secure inner area which can only be accessed by residents. Each tower will also have two or three larger boxes for sizeable deliveries. These deposit boxes can be opened by entering a security code.
    • Laundry room and WC: A laundry room with two industrial washing machines and two industrial dryers, as well as a WC for use by residents, are located on the ground floor of each building.
    • Basement storage compartment:  See 3.13. BASEMENT STORAGE SPACE
    • Garage:  See 3.12. PARKING SPACES
    • Pram and bicycle room: The ground floor of each building contains a separate room to keep prams (strollers) and bicycles in.
    • Residents’ room: There is a multi-purpose room situated on the garden level (second floor) of building W2, which is available for use by all residents.
    • Children’s play areas: Each building has its own children’s play area – each of them designed for a different age group. There is also a larger children’s play area at garden level between buildings W2 and W3.

The entrance to the underground car park, which will also be used by the hotel, is on Alfred Adler Strasse. Its exit is on Arsenalstrasse between towers W1 and W2. Parking spaces will be available to buy or rent on a 99 year lease, with subletting and transfer of usage rights permitted. Monthly and annual contracts will also be offered. In addition to car parking spaces, there will also be motorcycle parking bays and larger spaces for people with disabilities. Several of the spaces will have charging stations for electric vehicles with individual meters. The hotel car parking area will feature several short-term charging stations where drivers pay directly for the electricity they consume.

Each apartment has a storage compartment in the basement fitted with a waterproof Schuko socket to connect a freezer, wine cooler or e-bike. All compartments are large enough to accommodate two bicycles (suspended).