New condo launches are highly attractive for securing tenants quickly and minimizing vacancy periods. This is because potential tenants are often drawn to the modern facilities and conveniences that come with these new developments. On the other hand, older condos, unless fully renovated, may not have the same appeal and could potentially attract lower rent. Therefore, investing in new launches can be a strategic move for landlords looking to maximize their rental income and keep their properties occupied.
In addition to potential financial gains, a Singapore condo holds appeal for investors due to its benefits for legacy planning and lifestyle considerations. It is not uncommon for parents to invest in a unit for their children’s future use, or to facilitate multi-generational living. Many also seek condos located near parks, waterfronts, or thriving urban areas for their own enjoyment. With a growing number of local residents aiming to upgrade from HDB …