Singapore real estate market is in a booming stage right now. Are you planning to buy a condominium in the country and looking to know whether it will be worth it? Well, that depends on how you are going to use the property. Please read the post below to know more.
Great for long term investment
If you are planning to buy a property that you will sell in couple of years, then condo will not be a good choice for you. Condos are especially great for long term investments. A condominium is a posh unit backed by modern amenities like pools, fitness centers, strong security etc. Tenants love condo and you can also advertise your condo for holiday rentals. The plush lifestyle featured by Singapore condos are a huge draw for tourists and tenants.
Singapore condo market is developing
It’s true that single-family homes sell faster than condos. But condo market is rising all over the world of late, including Singapore. One of the most awaited condos to be launched in the country this year is Piermont Grand EC. Located at Punggol, it’s a breathtaking waterfont Executive Condominium which even assures CPF grants for buyers. The property has attracted as many as 17 bidders even before its launch. And that’s proof enough behind the rising condo market in Singapore. It will be great if you focus on high end condos like this one. Plush condos are in huge demand in Singapore and carry the potential of an easy sell.
Singapore is an amazing place
Singapore itself is an amazing place with its lush greenery, booming economy and excellent condos. People from all over the world love to stay at Singapore for its friendly and plush ambience. Thus, it will be a wise decision to buy a condo as you will always have the possibility to find suitable buyers for it in near future.