The allure of a Singapore new condo is not only in its luxurious features and prime locations, but also in its attractive rental potential. The city-state’s large expatriate workforce and international student population ensure a constant demand for top-quality rental properties. With its comprehensive facilities and coveted locations, a condominium is particularly sought after among expats. For investors, rental yields can range from 2.5% to 4% per annum, depending on factors such as location, unit size, and market conditions. In popular areas such as River Valley, Novena, and East Coast, a condo is a preferred housing choice for professionals working in the Central Business District. In suburban areas like Punggol and Sengkang, families and tenants seeking more affordable rentals with lifestyle amenities also drive demand for condos.
Another important factor to consider when choosing between a new or older condo is the potential for a higher return on investment. While …
