Purchasing a newly built condo has the advantage of a longer lease period, which is particularly significant in Singapore where the majority of private condos are leasehold properties. Opting for a 99-year lease starting from the launch date is a better option compared to buying an older condo, ensuring a lengthier tenure. Additionally, for those looking to rent a condo, condo rental options in newer developments are also available.
Lastly, investing in a Singapore condo rental also opens up the possibility of capital appreciation. As mentioned earlier, the Singapore property market has a history of steady growth, and this trend is expected to continue in the long run. Therefore, not only will landlords be able to enjoy a steady stream of rental income, but they may also see their property appreciate in value over time.
Singapore has long been known as a business hub and cosmopolitan city, with a thriving …