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Investing in a new condo in Singapore comes with the advantage of a longer lease lifespan, which is particularly significant since the majority of private condos in the country are leasehold. Opting for a 99-year lease that commences upon launch is a more desirable option compared to purchasing an older condo. This makes investing in a new condo a smart choice for buyers looking to secure a long-term condo investment.
The CPF OA can be used to finance the purchase of a condo. Investors can use up to 20% of their OA savings for the down payment and monthly mortgage payments. This is a significant help for investors as it reduces the amount of cash they need to put down for their investment.
The demand for condo living in Singapore has been steadily increasing in recent years. With its prime location, modern amenities, and luxurious lifestyle, it’s no …
