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Opting for a new condo provides the advantage of a longer leasehold period, a crucial factor in Singapore where majority of private condos are leasehold properties. Compared to purchasing an older condo, a 99-year lease starting from the launch date is a more preferable option.
Another reason why investing in a new Singapore condo is a lucrative option for expats and investors is the attractive financing options available. The Singapore government has implemented various measures to ensure a stable and sustainable real estate market. This includes regulations such as the Total Debt Servicing Ratio (TDSR), which limits the amount of debt a borrower can take on. This has helped to create a stable and secure financial environment, making investing in a new condo in Singapore an attractive and safe choice.
First and foremost, it is important to understand the current state of the real estate market in Singapore. In …