The scarcity of land in Singapore is one of the main drivers behind the high demand for condos. As a small island nation with a rapidly growing population, Singapore faces limited land availability for development. Due to this, strict land use policies and a competitive real estate market have emerged, consistently driving up property prices. As a result, investing in real estate, especially condos, has become a highly lucrative venture with the promise of capital appreciation. Naturally, investing in condos is a wise choice for those seeking to expand their investment portfolio in Singapore.
Additionally, investing in a well-maintained property in a desirable location can also increase the chances of a higher rental yield. It is crucial to consider the rental yield when making a condo investment decision, as it can impact the long-term return on investment and the profitability of the venture.
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