A Singapore condo also offers excellent condo rental potential, making it a desirable investment option. Its popularity is attributed to the steady demand for high-quality rental properties from both expatriates and foreign students. Expats, in particular, prefer condos due to their well-appointed amenities and prime locations. For investors, rental yields typically range from 2.5% to 4% annually, depending on factors such as location, unit size, and market conditions. Prime areas like River Valley, Novena, and East Coast attract professionals working in the Central Business District, while suburban areas like Punggol and Sengkang are popular among families and tenants seeking more affordable rents with lifestyle offerings.
As such, condo owners looking to sell or rent their units should consider renovating to stay competitive in the market.
Modern condo living is more than just about maximizing every square foot; it’s about creating a functional and flexible space that meets the needs and …