When contemplating an investment in a condominium, it is crucial to also evaluate the potential rental returns. Rental yield refers to the yearly rental income as a percentage of the property’s purchase price. In Singapore, rental yields for condos may vary greatly depending on factors such as location, property condition, and market demand. Generally, areas with high rental demand, such as those near business districts or educational institutions, tend to offer higher rental yields. It is advisable to conduct thorough market research and seek guidance from real estate agents for valuable insights into the rental potential of a specific condo. Additionally, as Singapore has strict foreign ownership regulations, it is important to consider external factors such as foreign ownership before finalizing a condo investment decision.
The financing aspect is crucial when investing in a condo. In Singapore, there are various mortgage choices available. However, it is imperative to be aware …