Urban Living Essential Tips for Foreigners When Purchasing Property in Singapore

When contemplating urban living with a condo investment, it is crucial to also evaluate the potential rental yield. Rental yield refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, urban living rental yields for condos can vary significantly based on factors such as location, property condition, and market demand. Generally, areas with a high demand for rentals, such as those close to business districts or educational institutions, offer better rental yields. To gain insight into the rental potential of a specific condo, conducting thorough market research and seeking advice from real estate agents is essential.

6. Conduct Due Diligence on the Property

5. Consider Your Budget and Financing Options

When looking for a property, it’s crucial to consider the amenities and facilities near the area. Singapore is known for its excellent infrastructure and public facilities, such as reliable transportation, quality healthcare, and good …