Exploring Condo Affordability in Singapore 2023: How Much Salary Do You Need to Buy Your Dream Home?

by | Aug 9, 2023

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How much salary you would need to afford this dream property

It’s important to understand how much salary you would need to afford this dream property.

Purchasing a condo involves careful financial planning and consideration of various factors.

In this article, we will explore the factors involved in buying resale condos, financing options, leveraging your savings through CPF, choosing the right location, and determining if your current income is sufficient for an upgrade. 

Key Takeaway

  1. Condominium Overview: Condos are privately owned housing units with shared common areas, offering amenities like pools and gyms.
  2. Ownership Distinction: Unlike public housing, condos can be owned by both citizens and foreigners, each with specific benefits and responsibilities.
  3. Benefits of Condo Ownership: Condos provide access to facilities, act as an investment, and offer privacy and exclusivity compared to public housing.
  4. Affordability Calculation: Calculate affordability by considering the property price, downpayment, loan tenure, and bank interest rates.
  5. Financial Assessment: Evaluate your finances, including income, debts, and commitments, to ensure you can afford housing expenses.
  6. Housing Expense Ratio: Allocate 30% to 40% of your monthly salary for housing expenses, including loan repayment and maintenance fees.
  7. Downpayment Requirement: Typically, a minimum of 25% of the condo’s purchase price is required as the downpayment.
  8. Monthly Repayment Calculation: Use a mortgage calculator to estimate monthly repayments based on loan tenure and interest rate.
  9. Interest Rate Factors: Market rates, loan tenure, and creditworthiness affect your condo loan’s interest rate and monthly repayments.
  10. CPF Utilization: Leverage CPF savings for condo downpayment and mortgage payments, understanding CPF limits and withdrawal rules.


Understanding Condo Ownership in Singapore: A Comprehensive Guide

Condo Ownership in Singapore

What is a condominium?

A condominium, commonly referred to as a condo, is a type of housing where individual units are owned by different people and common areas are shared.

Condos offer a range of amenities, such as swimming pools, gyms, and security services, making them an attractive choice for many Singapore residents.


How is a condo different from other types of properties?

Unlike public housing flats such as HDB (Housing and Development Board) flats, condominiums are private properties that can be owned by both Singapore citizens and foreigners.

This ownership distinction comes with certain benefits and responsibilities.


What are the benefits of owning a condo in Singapore?

Owning a condo in Singapore offers several advantages.

Firstly, condo owners have access to a range of facilities and amenities, enhancing their quality of life.

Additionally, owning a condo can serve as a long-term investment, as property prices in Singapore have shown steady growth over the years.

Finally, condos offer a higher level of privacy and exclusivity compared to public housing.


How Much Salary Do You Need to Buy a Condo in Singapore?

What are the factors to consider when calculating the salary needed to buy a condo?

Calculating the salary needed to buy a condo requires considering various factors.

Firstly, you need to take into account the purchase price of the condo unit you are interested in.

Additionally, you should consider the downpayment required, the loan tenure, and the interest rate offered by the bank for your home loan.


How can you determine your affordability to buy a condo in Singapore?

Determining your affordability to buy a condo involves carefully assessing your financial situation.

You should consider your monthly income, existing debts, and other financial commitments.

It is important to ensure that you have enough income to cover your housing expenses without compromising your overall financial stability.


What percentage of your monthly salary should be allocated for housing expenses?

As a general guideline, it is recommended that no more than 30% to 40% of your monthly salary be allocated for housing expenses, including your monthly loan repayment, property taxes, and maintenance fees.

This ensures that you have sufficient income to cover other essential expenses and maintain a healthy financial balance.


Exploring the Costs: Downpayment and Monthly Repayments for Condos

What is the typical downpayment required when buying a condo in Singapore?

When buying a condo in Singapore, you would typically be required to make a downpayment of at least 25% of the purchase price.

This means that if the condo unit you are interested in costs SGD 1 million, you would need to have at least SGD 250,000 as your downpayment.


How can you calculate the monthly repayments for a condo?

Calculating the monthly repayments for a condo involves considering various factors such as the loan tenure, interest rate, and outstanding home loans.

You can use a mortgage calculator to get an estimate of your monthly repayments based on these variables.


What factors can affect the interest rate and monthly repayments?

Multiple factors can affect the interest rate and monthly repayments for your condo.

These include the prevailing market interest rates, the loan tenure you choose, and your creditworthiness.

It is advisable to shop around and compare different bank loan offers to secure the best interest rate for your home loan.


Calculating Affordability: What Salary is Required to Buy a Condo?

What Salary is Required to Buy a Condo

How can you use a salary calculator to determine the salary needed to afford a condo?

Using a salary calculator can help you determine the salary needed to afford a condo in Singapore.

These online tools take into account various factors, such as your monthly income, existing debts, and housing expenses, to provide an estimate of the salary required to afford a condo.


What is the total debt servicing ratio and how does it impact condo affordability?

The total debt servicing ratio (TDSR) is a measure used by banks to assess an individual’s borrowing ability.

It takes into account all existing debt obligations, including housing loans, and compares them to the individual’s monthly income.

The TDSR limits the amount of income that can be used for debt repayments, which in turn affects condo affordability.


What other expenses should be considered when calculating condo affordability?

When calculating condo affordability, it is essential to consider other expenses such as property taxes, monthly maintenance fees, insurance premiums, and renovation costs.

These additional expenses can add up and impact your overall financial commitment toward owning a condo.


What are the steps involved in buying a condo in Singapore?

The process of buying a condo in Singapore involves several steps.

Firstly, you should engage the services of a real estate agent who specializes in condominiums.

The agent will help you search for suitable properties, negotiate the purchase price, and guide you through the legal documentation process, including the Option to Purchase and Sale & Purchase Agreement.


Can foreigners buy condos in Singapore?

Yes, foreigners are eligible to buy condos in Singapore.

However, certain restrictions and requirements apply.

Foreigners must seek government approval under the Residential Property Act before buying a condo, and they are restricted from purchasing certain types of properties such as public housing flats (HDB flats).


What should you know about the resale market for condos in Singapore?

The resale market for condos in Singapore offers a wide range of options for buyers.

It is essential to conduct thorough research and seek professional advice to ensure you make an informed decision.

Factors such as location, property condition, and market demand can impact the resale value of condos.


Resale Condos: Factors to Consider and Potential Savings

Factors to Consider when Buying Resale Condos

When buying a resale condo in Singapore, several factors come into play.

Firstly, you need to ascertain the average price of resale condos in the area you are interested in.

This will give you an idea of the financial commitment required for the purchase.

Additionally, you should consider the minimum downpayment and loan interest rates for bank loans.


Another important point to consider is the location of the resale condo.

Different regions in Singapore have varying median prices, and it is crucial to evaluate whether the area aligns with your preferences and budget.

You should also assess the amenities and facilities provided by the condo, such as swimming pools, gyms, and parking spaces.


Lastly, it’s essential to understand the legal and administrative processes involved in a resale condo purchase.

Familiarize yourself with the rules and regulations, especially if you are not a Singaporean citizen or Permanent Resident.


Potential Savings in Buying Resale Condos

Buying a resale condo can provide potential savings compared to purchasing a newly launched condo.

With resale condos, you can assess the property’s market value and negotiate the prices with the sellers directly.

It allows you to capitalize on any potential savings or discounts available in the market.


Additionally, by buying a resale condo, you can avoid additional costs such as the Seller’s Stamp Duty, which is not applicable to resale properties.

This can lead to significant savings in your overall property purchase.


However, it’s important to note that while resale condos offer potential savings, they may require more extensive renovations or repairs compared to newly launched condos.

It is crucial to factor in any potential renovation costs when considering a resale condo purchase.


Financing Your Dream Home: Home Loans and Mortgage Options

Financing Your Dream Home Home Loans and Mortgage Options

Understanding Home Loans for Condo Purchase

Unless you have sufficient cash savings, financing through a home loan is commonly used for purchasing a condo in Singapore.

The maximum loan amount you can borrow depends on various factors, including your annual income, credit score, and the value of the property.


It is advisable to approach several banks to compare loan rates and terms.

Different banks may offer varying interest rates, loan approval periods, and other terms.

Remember, securing the best mortgage loan is crucial to ensure affordable monthly mortgage payments.


Different Mortgage Options to Consider

When it comes to mortgage options, there are several choices available.

You can opt for fixed-rate loans, where the interest rate remains constant throughout the loan tenure.

This provides stability in your monthly payments but may have a higher interest rate compared to floating-rate loans.


Alternatively, you can choose floating-rate loans, where the interest rate fluctuates based on market conditions.

This option may offer lower initial interest rates, but your monthly payments may increase if interest rates rise.


It’s essential to assess your financial situation and risk appetite before deciding which mortgage option is best suited to your needs.


Factors Affecting Loan Interest Rates for Condo Purchase

Several factors can influence the interest rates for bank loans when purchasing a condo.

Firstly, your credit score plays a significant role.

A higher credit score indicates lower credit risk, which may lead to more favorable interest rates.


The loan tenure and loan-to-value (LTV) ratio also impacts the interest rates.

A longer loan tenure may result in higher interest rates, while a lower LTV ratio, indicating a lower loan amount relative to the property value, may lead to more favorable interest rates.


Lastly, economic conditions and market trends can also influence loan interest rates.

Monitoring these factors can help you make informed decisions and secure the best possible loan rates.


Maximizing CPF: How to Leverage Your Savings for Condo Purchase

Maximizing CPF How to Leverage Your Savings for Condo Purchase

Using CPF for Condo Downpayment

If you are a Singaporean or Permanent Resident, you can leverage your Central Provident Fund (CPF) savings for a condo downpayment.

CPF offers various schemes that allow you to utilize your savings for housing purposes.


It is crucial to understand the CPF withdrawal limits and requirements to ensure a smooth transaction.

By using your CPF for the downpayment, you can reduce the upfront cash required for the condo purchase.


How to Optimize CPF Contributions for Condo Purchase

To optimize your CPF contributions for the condo purchase, you should ensure you are making regular contributions towards your CPF account.

The CPF contribution rate depends on your age and income.

By maximizing your CPF contributions, you can accumulate more savings that can be utilized for a downpayment or monthly mortgage payments.


It is advisable to consult with a financial advisor or CPF representative to understand the best strategies to maximize your CPF contributions.


Maximizing CPF for Monthly Mortgage Payments

In addition to utilizing CPF for the downpayment, you can also use it for your monthly mortgage payments.

This can help lower your monthly cash outflow and provide stability in managing your finances.


However, keep in mind that there are limits to the amount you can withdraw from your CPF for mortgage payments.

It is essential to assess your current CPF balance and projected future contributions to ensure that you have sufficient funds for the mortgage.


The Importance of Location: Choosing the Right Condo for You

Factors to Consider in Choosing the Right Location for Your Condo

Location is a crucial factor when buying a condo in Singapore.

The right location can significantly impact your quality of life and the potential appreciation of the property.


Consider factors such as proximity to amenities and facilities, including schools, shopping centers, parks, and public transportation.

Accessibility to your workplace and transportation hubs is also essential to consider when choosing a condo location.


Exploring Different Regions in Singapore for Condo Purchase

Singapore offers a variety of regions to choose from when purchasing a condo.

Each region has its unique characteristics and price range.


The Central Region, often referred to as the City Fringe, offers a blend of urban convenience and proximity to the city center.

The Core Central Region, which includes prime districts such as Orchard and Marina Bay, offers the epitome of luxury living but comes with a higher price tag.


Other regions, such as the North, East, and West, provide a more suburban living experience with a range of amenities and accessibility to green spaces.


Understanding the Differences Between Central Region and Core Central Region

It is essential to understand the differences between the Central Region and the Core Central Region.

While both regions offer proximity to the city center, the Core Central Region is considered the prime district and reflects a higher price range compared to the Central Region.


If luxury living and premium amenities are a priority, the Core Central Region might be the ideal choice for you.

However, if you are looking for a more affordable option with convenient access to the city, the Central Region can be a great alternative.


Upsizing to a Condo: Is Your Current Income Sufficient?

Is Your Current Income Sufficient

Evaluating Your Current Income for Condo Upgrade

If you currently own a property and are considering upsizing to a condo, it is crucial to evaluate your current income.

Determine if your current income is sufficient to support the mortgage payments and additional costs associated with condo ownership.


Consider your monthly cash flow and budget to ensure that you can comfortably manage the financial commitment of a condo upgrade.


Calculating the Minimum Salary Needed to Afford a Condo

Calculating the minimum salary needed to afford a condo depends on various factors, including the property price, loan interest rates, loan tenure, and downpayment amount.


You can consult with financial advisors or use online mortgage calculators to determine the minimum salary required to afford a condo.


Considering Additional Costs and Expenses in Condo Purchase

When buying a condo, it’s essential to consider additional costs and expenses.

These can include condo fees, property taxes, stamp duties, insurance, and maintenance fees.


Factor in these costs and ensure they align with your budget before committing to a condo purchase.


By considering these factors and calculating the minimum salary needed to buy a condo, you can make an informed decision and approach your dream condo purchase with confidence.


A Step-by-Step Guide to Assessing Affordability and Loan Approval

Calculating Your Budget

The first step in determining how much salary you need to buy a condo in Singapore is to calculate your budget.

Take into consideration your income, monthly costs, and any upfront costs you may incur during the purchasing process.

It is important to be realistic and assess how much you can comfortably allocate towards housing expenses.


Understanding Loan Approval Criteria

Once you have an idea of your budget, it is crucial to understand the loan approval criteria imposed by banks and financial institutions.

Factors such as income ratio, income sources, credit history, and outstanding debts are taken into account when assessing your eligibility for a loan.

This information will help you determine whether you meet the requirements to secure a mortgage for a condo purchase.



Consulting with a Mortgage Specialist

For a comprehensive understanding of your financial standing and loan options, it is advisable to consult with a mortgage specialist.

These professionals can analyze your financial situation, assess your borrowing capacity, and provide guidance on the best loan options available to you.

They can also assist in navigating the complex process of securing a mortgage for condo ownership.


Understanding Property Taxes and Additional Costs for Condo Buyers

Property Taxes and Additional Costs for Condo Buyers

Exploring Property Tax Rates in Singapore

When purchasing a condo, it is essential to consider the property tax rates in Singapore.

Property taxes are calculated based on the annual value of the property and can significantly impact your overall expenses.

Understanding these rates will allow you to factor them into your budget and determine their impact on your affordability.


Considering Additional Costs: Maintenance Fees and Insurance

Aside from the purchase price, condo buyers also need to consider additional costs such as maintenance fees and insurance.

Maintenance fees cover the upkeep of common areas and facilities within the condominium development.

Insurance, on the other hand, protects your property from unforeseen circumstances.

These costs should be accounted for when assessing the affordability of a condo.


Factoring in Stamp Duty and Legal Fees

Stamp duty and legal fees are other important considerations when buying a condo in Singapore.

Stamp duty is a tax imposed on the purchase of a property and varies depending on the property type and purchase price.

Legal fees cover the costs associated with legal representation during the transaction process.

It is crucial to factor in these expenses to determine their impact on your budget.


Unlocking Investment Potential: Condos as Real Estate Investments

Unlocking Investment Potential

Evaluating Potential Rental Income

One of the advantages of buying a condo is the possibility of generating rental income.

Before making a purchase, it is essential to evaluate the potential rental income that can be generated from the condo.

Consider the rental demand in the area, the rental rates of similar properties, and the rental market trends to determine whether the investment is financially viable.


Assessing Long-Term Capital Appreciation

Condos in Singapore have shown a track record of long-term capital appreciation.

As an investor, it is important to assess the potential for future value appreciation.

Factors such as location, market demand, and new developments in the area can significantly influence the long-term investment potential of a condo.


Researching Prime Locations for Investment

Location plays a vital role in the investment potential of a condo.

Research prime locations that have a strong track record of growth and development.

These areas tend to attract both local and foreign investors, driving up property prices and rental demand.

By investing in condos located in prime areas, you increase your chances of maximizing investment returns.


Debunking Myths: Common Misconceptions about Buying Condos

Myth 1: You Need a High Salary to Buy a Condo

Contrary to popular belief, you don’t necessarily need a high salary to buy a condo in Singapore.

While a higher income certainly helps in terms of loan eligibility and affordability, there are various condo options available to suit different income brackets.

Aspiring condo buyers should focus on assessing their financial situation, setting a realistic budget, and exploring suitable financing options.


Myth 2: Condo Down Payment is Always Substantial

Another common misconception is that the down payment for a condo is always substantial.

While it is true that a larger down payment reduces the loan amount and monthly repayments, there are options available for those with a limited down payment.

Some financial institutions offer personal loans or property loans with lower down payment requirements, making it more accessible for first-time buyers.


Myth 3: Condos Are Only Suitable for Investors

Many people believe that condos are only suitable for investors.

While condos do have investment potential, they are not limited to investors.

Condos provide an attractive housing option for individuals or families looking for a convenient and luxurious lifestyle.

Whether you are a first-time buyer, upgrading from an HDB flat, or seeking a change in living arrangements, a condo can be a viable housing choice.


Expert Advice: Financial Tips for First-Time Condo Buyers in Singapore

Setting a Realistic Budget

As a first-time condo buyer, it is crucial to set a realistic budget.

Evaluate your financial capabilities and determine an affordable price range for your condo purchase.

Consider your income, monthly expenses, and savings before committing to a specific property.

It is important to strike a balance between your desired lifestyle and financial responsibilities.


Considering Loan Options: Bank Home Loans vs.

Property Loans

When it comes to financing your condo purchase, you have the option of choosing between bank home loans and property loans.

Each option has its advantages and considerations, so it is essential to carefully evaluate and compare them.

Consult with a mortgage specialist to understand the terms, interest rates, and repayment options of each loan type to make an informed decision.


Taking Advantage of Government Schemes and Grants

The Singapore government offers various schemes and grants to support first-time condo buyers.

Take advantage of these initiatives to lighten the financial burden of purchasing a condo.

Research and explore programs such as the Enhanced CPF Housing Grant or the Special CPF Housing Grant that provide eligible individuals with substantial subsidies and grants.



Unlocking the World of Condo Ownership: Your Ultimate Guide to Making Your Dream Home a Reality

Welcome to the exciting realm of condominium ownership in Singapore! If you’ve ever wondered about the ins and outs of owning a condo, from understanding the key differences between condo and other property types to unraveling the complexities of mortgage options, you’re in the right place.

In this comprehensive guide, we’ll take you on a journey through the multifaceted world of condo ownership, equipping you with the knowledge and confidence to navigate this significant milestone.


Condos Unveiled: Your Gateway to Modern Living

Have you ever marveled at the thought of having access to a resort-style swimming pool, a well-equipped gym, and top-notch security services right at your doorstep? Look no further than condominiums, or condos for short! These remarkable living spaces offer a harmonious blend of individual ownership and shared amenities, making them a sought-after choice for Singapore residents seeking a premium lifestyle.

Get ready to explore the captivating world of condo ownership and uncover how it stands apart from other housing options.


The Condo Advantage: Elevating Your Lifestyle and Investment Portfolio

Dive into the array of benefits that come with owning a condo.

Picture yourself indulging in the luxury of high-quality facilities while witnessing your investment grow over time.

Discover the art of crafting your condo space, optimizing both on-page and off-page SEO strategies to ensure your property is not just a dwelling, but a space that resonates with your essence.

As we unravel the condo ownership landscape, you’ll find yourself empowered to make informed decisions that align with your aspirations.


Decoding the Dollars: What It Takes to Make Your Condo Dream a Reality

Embarking on the journey to own your dream condo involves a series of financial considerations that shape the path ahead.

From evaluating your affordability to demystifying downpayments and monthly repayments, our guide takes you step by step through the financial intricacies of condo ownership.

Explore the intersection of budgeting, financing options, and income calculations, empowering you to confidently embrace your condo journey.


The Art of Choosing: Location, Investment, and Lifestyle

Selecting the perfect location for your condo is akin to choosing the backdrop for the masterpiece of your life.

Join us as we navigate the vibrant tapestry of Singapore’s regions and delve into the distinctions between the Central and Core Central Regions.

Learn how location intertwines with investment potential and lifestyle aspirations, offering you a roadmap to find the condo that harmonizes seamlessly with your dreams.


From Myth to Mastery: Unraveling Misconceptions and Building Expertise

Unearth the truths behind common myths that surround condo ownership.

Banish the misconception that a high salary is the only key to unlocking the doors of condo ownership.

Discover the diverse pathways to meet downpayment requirements and shatter the stereotype that condos are solely for investors.

Our guide will leave you empowered with knowledge, ready to embark on your condo ownership journey armed with confidence and expertise.


Your Pathway to Condo Ownership: Navigating the Maze with Success

As you embark on this journey toward owning your own condo, you’re not alone.

Our expertly crafted guide will walk you through each step, providing you with insights, strategies, and resources to make your dream a reality.

Whether you’re a first-time buyer or a seasoned investor, our guide is designed to be your trusted companion, ensuring that you make informed decisions every step of the way.

Frequently Asked Questions

How much salary do I need to buy a condo in Singapore?

The amount of salary you need to buy a condo in Singapore depends on various factors such as the location, size, and type of condo you are interested in.

Generally, it is recommended to have a monthly income that is at least three to four times the monthly mortgage payment.

Additionally, you should also consider other costs such as down payment, stamp duty, legal fees, and maintenance fees.

It is advisable to consult with a financial advisor or mortgage specialist to get a more accurate estimate based on your specific circumstances.

How much does it cost to buy a condo in Singapore?

The cost of buying a condo in Singapore varies greatly depending on factors such as location, size, age, and amenities.

As of [[TERMS]], the average price for a resale condo in Singapore is around $1.

5 million to $2 million.

New condos, on the other hand, can cost anywhere from $1 million to several million dollars.

It is important to do thorough research and consider your budget before making a purchase decision.

How much do I need to afford a condo in Singapore?

To afford a condo in Singapore, you should have a stable income that allows you to comfortably cover the monthly mortgage payments, as well as other expenses such as property taxes, maintenance fees, and insurance.

As a general guideline, you should aim to spend no more than 30% of your gross monthly income on housing expenses.

It is recommended to consult with a financial advisor to assess your affordability based on your specific financial situation.

How much do I need to earn to buy a condo in Singapore?

The amount you need to earn to buy a condo in Singapore depends on various factors such as the price of the condo, your down payment amount, and the mortgage terms.

As a general rule, it is advisable to have a monthly income that is at least five times the monthly mortgage payment to comfortably afford a condo.

However, it is recommended to consult with a mortgage specialist to determine the exact income requirement based on your specific circumstances.

I am looking to buy a condo in Singapore. What are the steps involved?

Buying a condo in Singapore involves several steps.

Firstly, you should determine your budget and get pre-approved for a mortgage.

Next, you should engage a real estate agent to help you search for suitable properties.

Once you find a condo you are interested in, you will need to make an offer and negotiate the price with the seller.

If your offer is accepted, you will proceed with the necessary legal processes, such as conducting inspections, obtaining financing, and completing the purchase agreement.

Finally, you will need to pay the necessary fees and taxes before taking possession of the condo.

It is recommended to seek professional advice throughout the entire buying process.

How much is the downpayment for a condo in Singapore?

The down payment for a condo in Singapore is generally 25% of the purchase price.

However, this may vary depending on the specific developer or seller.

It is important to note that you should also factor in other costs, such as stamp duty, legal fees, and agent commissions when budgeting for your down payment.

Can I upgrade from an HDB flat to a condo in Singapore?

Yes, it is possible to upgrade from an HDB flat to a condo in Singapore.

However, there are eligibility criteria and certain conditions to fulfill.

You need to meet the Minimum Occupation Period (MOP) for your HDB flat, fulfill the income and citizenship requirements, and consider the financing options available.

It is advisable to consult with the Housing Development Board (HDB) or a real estate professional to understand the specific regulations and processes involved in upgrading from an HDB flat to a condo.

What are the factors to consider when buying a condo in Singapore?

When buying a condo in Singapore, there are several factors to consider.

These include the location and accessibility of the condo, proximity to amenities such as schools, shopping malls, and public transportation, the reputation of the developer, the age and condition of the condo, the availability of parking facilities, the condo’s facilities and amenities, and the potential for future resale value.

It is important to thoroughly research and assess these factors before making a purchase decision.

Can foreigners buy a condo in Singapore?

Yes, foreigners are allowed to buy condos in Singapore.

However, there are certain restrictions and regulations in place.

Foreigners are generally restricted to purchasing properties in condominium developments and are not allowed to buy landed properties without approval from the Land Dealings (Approval) Unit.

Additionally, foreigners are subject to additional buyer’s stamp duty (ABSD) rates.

It is advisable for foreigners to engage a real estate professional who is familiar with the regulations and can guide them through the purchasing process.

What are the benefits of owning a condo in Singapore?

Owning a condo in Singapore offers several benefits.

Firstly, condos usually come with a range of facilities, such as swimming pools, gyms, and security services.

Secondly, condos are often located in desirable locations with convenient access to amenities and transportation.

Thirdly, owning a condo can be a good investment opportunity as Singapore’s property market has shown long-term appreciation.

Finally, owning a condo gives you a sense of pride and a place to call your own.

However, it is important to consider the financial obligations and responsibilities that come with condo ownership.

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