One crucial factor to consider when investing in condos in Singapore is the government’s property cooling measures, especially for foreign ownership. Over the years, the Singaporean government has implemented various measures to control speculative purchasing and maintain a steady real estate market. These measures include the Additional Buyer’s Stamp Duty (ABSD), which levies higher taxes on foreign buyers and those acquiring multiple properties. While these measures may affect the short-term profitability of condo investments, they also contribute to the long-term stability of the market, making it a more secure investment environment.
Condominiums have become a sought-after investment option in Singapore for both domestic and international investors because of the country’s strong economy, stable political environment, and excellent quality of life. The real estate market in Singapore presents a wealth of opportunities, and condos are especially attractive due to their convenient location, amenities, and potential for lucrative returns. This …