Individual investors are often interested in properties that can provide both short-term and long-term benefits. Properties that generate rental income, as well as an increase in values over the long term, meet this criterion. You should take advantage of new condo launches in Singapore and invest in high-yielding properties. By doing so, you can earn rental income and take advantage of the long-term appreciation in property prices. Be observant of developments in the different condo districts.
Here are the benefits of investing in condos:
1. Condos can provide rental income and capital appreciation
If you choose a condo that is located in an area where there is greater demand, such as the central business district (CBD), your property will be more valuable and give you high rental yields. Moreover, with increasing population and employment rates within the CBD, condo prices are set to appreciate. The resale value of your property will increase over time.
2. Condos are available in different finishes, sizes, and locations
Investing in condos allows you to choose from two basic types – new launches or re-sales. The choice is yours, based on your budget and preferences. New launches typically cost more than re-sales because they are built to modern specifications. Also, new condos are available in different sizes and finishes. You can choose between a studio or penthouse unit, depending on your budget.
3. Condos provide many amenities
The location of the condo is another major factor that influences its resale value. For instance, a condo in the CBD has more amenities nearby and is likely to be larger than a property located outside the CBD. If you invest in a home within a condominium complex, you can take advantage of the amenities available there such as swimming pools, playgrounds, gymnasiums, and tennis courts.
4. The process of investing in a condo is quick and efficient
Investing in a property can take a long time. However, when you invest in a condo, the entire process of investing is simplified, as most developers offer good payment plans with flexible repayment terms. Because most developers have been approved by financial institutions such as banks, they also offer mortgage loans that allow investors to start paying the installments on their property as soon as they move in and start collecting rental income.
5. Condos offer good capital appreciation
The market for luxury condos is increasing, providing investors with lots of opportunities to generate high returns. You can invest in a condo without buying the furniture and you will not incur any additional costs such as electricity and water bills. It is a good idea to invest in high-yielding properties, such as condominiums within a commercial area.
If you are looking to purchase a property that provides both short-term and long-term benefits, condos may be the right choice for you. Condos offer rental income as well as capital appreciation over time. There are many things to consider when investing in condos, so it is best if you have some help with your decision-making process. Our team of experts can evaluate what condo will work best for your needs based on location, amenities offered within the complex, size, and finish of unit desired among other factors.