Purchasing a Singapore condo comes with its own set of ongoing costs, particularly within the first 5 to 10 years of ownership. On the other hand, acquiring an old condo may lead to additional expenses, such as expensive renovations or repair of worn-out systems, significantly increasing the total investment. This is especially true when choosing to buy a Singapore condo, which naturally adds to the overall cost.
One of the key factors that make Singapore’s condo market a magnet for investors is its resilience. The city-state’s condo market has proven time and again to be able to weather economic downturns and remain strong. Take, for instance, the global financial crisis of 2008. While most countries were struggling with a collapse in their property markets, Singapore’s condo market remained relatively stable. In fact, the city-state’s property prices continued to rise, albeit at a slower rate. This resilience is a result …