Assessing the potential rental yield is a crucial aspect to consider when investing in a condo. This refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, the rental yield for condos can vary significantly depending on factors such as location, property condition, and market demand. Generally, areas with high rental demand, such as those near business districts or educational institutions, tend to offer better rental yields. To gain a better understanding of a condo’s rental potential, thorough market research and consultation with real estate agents, such as those found at Rental yield, can provide valuable insights.
1. Understand the Market
Before diving into any investment, it is important to understand the market you are entering. As a foreigner, it is crucial to do thorough research on the current property market in Singapore. This includes understanding the current trends, demand, and supply of …