A brand-new condo naturally requires less maintenance. With all elements such as plumbing, electrical systems, elevators, and air-conditioning being newly installed, owners can expect fewer repair concerns in the initial years. This reduces the need for immediate repairs and upkeep.
One of the main drivers of the rental demand in Singapore is the city’s thriving job market. As a global financial hub, Singapore offers a multitude of employment opportunities in various industries, including finance, technology, and healthcare. Expats, in particular, are drawn to the city’s dynamic and stable economy, making it an ideal place to live and work.
The allure of a Singaporean condominium also lies in its potential as a rental property. Due to a large population of expatriates and foreign students, there is a consistent demand for high-quality rental homes. The amenities and prime locations of condos make them especially attractive to expats. For investors, rental yields generally …