The appeal of a Singapore condo also lies in its potential as a rental property. The demand for quality rental homes remains steady thanks to the large expatriate workforce and foreign student population. Expats are particularly drawn to condos for their amenities and prime locations. For investors, rental yields typically range from 2.5% to 4% annually and can be even higher with newly launched condos in popular areas such as River Valley, Novena, and East Coast. These areas are often sought after by professionals working in the Central Business District. However, for families and tenants looking for more affordable rents with lifestyle offerings, suburban areas like Punggol and Sengkang also see a demand for condos. As condo launches continue to happen across Singapore, the appeal and rental potential of these properties are expected to only grow.
Potential Risks to Consider
2. Limited Financing Options
1. Lower Entry Cost
Thus, it …