Singapore is a small country that has a huge investment pool. Various condominiums are built to meet the needs of tourists. With small land, condominiums are one alternative to accommodate a large number of tourists who come. Its vertical and high shape can save land while providing plenty of space for foreign tourists who want to vacation in Singapore for a long time. That is the reason condo investment is in great demand for property businesses. One of the condominiums built in Singapore is Opus Condo.
Choosing to invest in a condo requires the right steps. Otherwise, competition and other investors’ offer attract more tenants or condos buyers. The following steps, for example, should be known if you are interested in investing in the condominium sector:
In order for the condominium target to be right, an investor knows the purpose of his investment. For this reason, investment needs must be seen, namely long-term or short-term. Short-term condominium investment means that investors are interested in buying before construction and will be resold after the unit is finished. While for long-term condo investment, investors will buy it for sale again in 5-10 years.
Condominium investment is currently supported by unlimited occupancy. The consumers are not only expatriates. Local consumers in Jakarta are currently shifting to vertical housing due to the limited supply of affordable homes. There are also consumers who are accustomed to living in apartments or condos while still studying abroad. To that end, an investor needs to see who his target is tailored to the location of his property.
To get a profit, condominium investors buy units at pre-sale. Then, the unit was sold when the condominium was ready. For condominiums that are sold 2-3 years after the construction is complete, it can get a profit of up to 80%.
Those are the three steps for those interested in investing in the condominium sector. Long-term investment, with the advantage that is easy to get because Singapore is a tourist destination that is in great demand of many countries.