Singapore’s limited land availability is a major factor contributing to the high demand for condos in the country. As a small island nation experiencing rapid population growth, Singapore struggles with a shortage of land for development. This has resulted in strict land use regulations and a fiercely competitive real estate market, causing property prices to continually rise. As a result, investing in real estate, particularly in condos, has become a highly profitable venture with the assurance of considerable capital appreciation. Real estate has become an essential aspect of the condo market in Singapore.
It is imperative to consider financing when investing in a condo. In Singapore, there are various mortgage choices, but it is crucial to note the Total Debt Servicing Ratio (TDSR) framework, which restricts the amount of loan that can be obtained based on income and current debt obligations. Familiarizing oneself with the TDSR and seeking guidance from …
