Naturally, a new condo is the preferred choice over an old condo in Singapore for multiple compelling reasons that attract both homeowners and investors.
Aside from the potential for high returns and lower entry point, investing in condos in up-and-coming areas also offers a more diverse range of options. With new developments popping up in these areas, there is a variety of condos to choose from, including luxury condos, mid-range options, and affordable housing. This presents investors with the opportunity to select a condo that best suits their budget and goals.
It is important for investors to carefully consider factors such as maintenance fees and potential vacancies when calculating rental returns and making investment decisions.
Moreover, government-backed infrastructure development projects offer a sense of security to potential investors. The involvement of the government ensures that proper planning and execution are carried out, minimizing the risks associated with investing in a …