A major contributing factor to the robust demand for condominiums in Singapore is the limited supply of land. As a small island country experiencing rapid population growth, Singapore grapples with a scarcity of land for expansion and development. This situation has resulted in stringent land use regulations and a highly competitive real estate market, wherein property values continue to escalate. As a result, the allure of investing in real estate, particularly in condos, is amplified, making it a profitable venture with the potential for significant capital gains. Furthermore, the opportunity for foreign ownership naturally adds to the appeal of this sector in the Singapore property market.
It is crucial to thoroughly research the management company, ensuring they have a good reputation, and have experience managing condos. Additionally, it’s crucial to carefully review the terms of the management contract to fully understand the services that will be provided and any associated …