When considering investing in a condominium, it is crucial to also evaluate the potential rental yield. This refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, condo rental yields can vary significantly based on factors such as location, property condition, and market demand. Areas with a high demand for rentals, such as those near business districts or educational institutions, tend to offer more lucrative rental yields. Luxury amenities in the condo can also play a significant role in determining its rental potential. To gain a thorough understanding of a specific condo’s rental potential, conducting extensive market research and seeking guidance from real estate agents can provide valuable insights.
Another way to revamp your living space is to update the flooring. Hardwood floors are not only elegant and timeless but also add value to your home. If you prefer carpet, opt for plush and …