Additionally, the government plays a crucial role in shaping the landscape of condo investments through its policies. These policies, such as the Additional Buyer’s Stamp Duty, Total Debt Servicing Ratio, and Loan-to-Value limits, are implemented to promote sustainable property growth and discourage excessive speculation. For foreign buyers looking to invest in condos, they currently face a 60% Additional Buyer’s Stamp Duty for their first property purchase, which significantly increases the entry cost. However, despite these cooling measures, the property market remains resilient thanks to strong fundamentals. Savvy investors can take advantage of opportunities in new launch condos with options such as early bird discounts, deferred payment schemes, and attractive financing options, ultimately leading to profitable condo rentals.
One of the attractive aspects of investing in condos in Singapore is the impressive track record of developers. Esteemed names such as CapitaLand, CDL, UOL, and Frasers Property have established a solid …