While an old condo may have a larger living space and a lower price, as well as a central location, a new condo offers a complete package including a modern design, lower maintenance costs, higher rental appeal, superior amenities, and the potential for increased future value. Therefore, it is natural to consider a new condo when comparing the benefits.
One of the key considerations when looking for a mortgage rate in Singapore is the type of interest rate offered. Currently, there are two types of interest rates available in the market – fixed and floating rates. Fixed rates are typically higher than floating rates but provide stability and certainty in mortgage repayment. On the other hand, floating rates are generally lower but are subject to fluctuations based on the prevailing market rates. As such, investors will need to carefully consider their risk appetite and investment horizon when deciding between the two options.
Singapore’s banks provide attractive interest rates on mortgages, making condo investments more accessible for eligible buyers. Additionally, utilizing CPF funds for property purchases allows local investors to better handle down payments and monthly payments. Nevertheless, investors must be mindful of potential increases in interest rates, which could negatively …







