When purchasing a condo, it is crucial to take into account the maintenance and management of the property. Condominiums usually come with associated maintenance fees, which cover the maintenance of common areas and amenities. Despite potentially increasing the cost of ownership, these fees guarantee that the property remains in excellent condition and maintains its value. Additionally, hiring a property management firm can assist investors in overseeing the daily management of their condos, making it a more passive investment. Furthermore, investing in a condo can also generate a steady rental yield, adding another benefit to this type of investment.
Singapore’s …