Singapore’s urban environment is characterized by towering skyscrapers and state-of-the-art infrastructure. Condominiums, situated in desirable locations, offer a combination of opulence and ease that appeals to both locals and foreign residents. These residences boast various amenities, including swimming pools, fitness centers, and security services, that elevate living standards and make them alluring to prospective tenants and buyers. This naturally results in higher rental yields for investors and continuous appreciation of property values over time.
The issue of government property cooling measures is a crucial factor to consider when investing in Singapore’s condo market. The government has implemented multiple measures over the years to control speculative buying and maintain a stable real estate industry. These measures, such as the Additional Buyer’s Stamp Duty (ABSD), entail increased taxes for foreign buyers and individuals purchasing multiple properties. While these measures may affect the immediate profitability of condo investments, they also promote long-term market …