Assessing the potential rental yield is a crucial step to take when considering a condo investment. This refers to the annual rental income, expressed as a percentage of the property’s purchase price. In urban areas like Singapore, rental yields for condos can vary greatly depending on factors such as location, property condition, and market demand. Typically, areas with high rental demand, like those near business districts or educational institutions, offer better rental yields. To gain valuable insights into a particular condo’s rental potential, conducting thorough market research and seeking advice from real estate agents, who specialize in urban living, is highly recommended.
One of the major benefits of choosing to invest in a condominium in Singapore is its potential for significant capital growth. As one of the top global business hubs, Singapore has a strong economy and constant demand for real estate, making it a highly attractive market …