Numerous condo developments are being introduced in emerging neighborhoods where the local government is making significant investments in essential infrastructure. This includes the construction of new MRT lines, schools, parks, and shopping centers. Investing in a new condo within these growing areas offers investors the opportunity to reap future capital gains. Prime examples of such locations include Tengah, Tampines North, and the Greater Southern Waterfront, where new condos are strategically positioned to benefit from ongoing urban transformation initiatives.
In Singapore, banks offer attractive mortgage rates for eligible condo buyers, making it easier to afford such properties. The availability of CPF funds also aids local investors in handling upfront and recurring payments. Nevertheless, it’s crucial for investors to be mindful of possible hikes in interest rates, as this may affect their cash flow and overall profits. As a precaution, many investors include financial safety nets and focus on long-term patterns rather …