Are you buying a property to invest in Singapore?

4 reasons why to buy a newly opened condo in Singapore as an investment.

New launches are often an "upgrade" of older condos as they come with innovative features not found before.
For example, "smart" condominiums that allow their residents to control various objects with the push of a button on their smartphones are slowly gaining traction. Modern, residential-oriented facilities that were also available in the past, such as B. Concierge services are also beginning to manifest themselves in new ones.
The attractive aesthetics and availability of newer, more advanced features found in new release condos contribute to better resale potential and long-term profitability of the property.

Lower maintenance costs
Wear and wear and tear increases the cost of maintaining property, both within the unit and in common areas. Annoying problems like rust, mold, faulty plumbing, and yellowing walls plague older resale condos. On the other hand, with a one-year error-free period, the developers are responsible for correcting any defects that may appear within a year of the condo's purchase. returns. In other words, it can cost as much to maintain a new condo as it does to maintain an older condo whose facilities are in poorer condition, making it more worth investing in a new condo.

Early Bird Discounts
Whether it's in the form of a direct price reduction or a stamp duty waiver, most new condominium developers have attractive early bird discounts to offer. While low priced resale units can have great potential, such units are not always readily available.

Greater Variety of Unit Options
Unlike resale condos, buying a new condo means you don't have to settle for leftover units that are for sale.You can choose first and if you are able to do so it will ensure that you will be able to select a unit that best suits you and the needs of your future renters. This makes renting out your unit a breeze when the time comes. .