Investing in a condominium in Singapore offers numerous benefits, one of them being the potential for capital appreciation. With its position as a prominent global business hub and robust economic foundation, Singapore consistently attracts demand for real estate. The property market in Singapore has consistently shown an upward trend, particularly in prime locations where condos have experienced significant appreciation. By strategically entering the market at the right time and holding onto their properties for the long term, investors can reap substantial capital gains with their condo investments.
In terms of investing in condominiums in Singapore, one must take into account the strict property cooling measures implemented by the government. These measures have been put in place to prevent impulsive buying and maintain a balanced real estate market. A prime example of this is the Additional Buyer’s Stamp Duty (ABSD), which levies substantially higher taxes on foreign investors and those …