Are you looking to buy or sell a condo? If so, we are here to help you. At Selling Singapore, we strive to provide the best service in the industry and ensure you get the best possible deal.
Why you should invest in a condo
Where should I invest my hard-earned money? This question is likely to pop into the minds of many Singaporeans. With salary increments and bank interest rates struggling to match the rising inflation rates, many Singaporeans are now turning to other avenues to grow their money fast.
Condominiums have been referred to as one of the 5 Cs of Singapore, and for a good reason. They have been idealized as the modern epitome of living by many Singaporeans. These properties sell out fast whenever there is a listing. The excessive demand explains the high price tag associated with them.
Should I consider investing my money in a condo now? If you can afford it, the answer is yes! A condo is a valuable asset, and this is a good piece of investment to make. With increased land constraints in Singapore, property values are likely to keep rising for the foreseeable future. Therefore, it is crucial to strike while the iron is hot. Even if you have no plans on staying in your purchased condo, you can still consider renting it out. Having an additional source of disposable income is never a bad thing.
Condominiums are also likely to enjoy a greater appreciation in value. Studies have shown that private property prices have risen by over 50% during the last 10 years. If you have the holding power, you can afford to wait out the various economic cycles before selling at the peak. It can be a very lucrative business for you if you can time the sale correctly.