When considering investing in condos in Singapore, one important factor to keep in mind is the government’s property cooling measures. In recent years, the Singaporean government has implemented a range of measures to discourage speculative buying and maintain a steady real estate market. These measures, including the Additional Buyer’s Stamp Duty (ABSD) which results in higher taxes for foreign buyers and those acquiring multiple properties, have a significant impact on the potential short-term profits of condo investments. However, they also play a crucial role in promoting long-term stability in the market, making it a more secure environment for investment, especially for foreign ownership.
Purchasing a condo in Singapore has increasingly become a favored option for both domestic and international investors, driven by the country’s thriving economy, stable political climate, and top-notch quality of life. With a thriving real estate market, there are plentiful prospects to be found, with condos …
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