The acquisition of a new condominium presents a longer lease duration, which is particularly advantageous in Singapore where the majority of private condos are leasehold. Compared to purchasing an older unit, the commencement of a 99-year lease from the launch date is a more preferred option, making it a wise choice for condo investment.
Amidst all the challenges, there is one bright spot in the rental market – condo investments. The condo market has been outperforming traditional rental properties, with many investors finding success in this segment. Condo investments have been thriving due to several factors that make them attractive during the pandemic. Firstly, condos offer a unique living experience with amenities such as gyms, pools, and concierge services, making them ideal for people who are spending more time at home due to social distancing measures. This has made condos particularly appealing to young professionals and families.
So, how …