One of the main draws of a Singapore new condo is its potential for rental income. The city boasts a significant expat workforce and a sizable population of foreign students, resulting in a consistent demand for high-quality rental properties. Expats, in particular, favor condo living for its amenities and desirable locations. For investors, rental yields can range from 2.5% to 4% annually, depending on the unit’s size, location, and market conditions. Condos in areas such as River Valley, Novena, and East Coast are highly sought-after by professionals working in the bustling Central Business District, while suburban areas like Punggol and Sengkang cater to families and tenants seeking more affordable rents with added lifestyle offerings.
Additionally, changing attitudes towards homeownership have also contributed significantly to the growth of the rental market. Many young adults are choosing to rent rather than buy, as it gives them more flexibility and allows them to …