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When considering investing in condos in Singapore, it is crucial to factor in the government’s property cooling measures. Over time, the Singaporean government has implemented various measures to control speculative buying and maintain a steady real estate market. One of these measures, the Additional Buyer’s Stamp Duty (ABSD), imposes higher taxes on foreign buyers and those purchasing multiple properties. While these measures may initially affect the profitability of condo investments, they also contribute to the long-term stability of the market, creating a safe investment environment. Additionally, luxury amenities such as state-of-the-art facilities and services often add value to condo properties and attract potential investors.
The demand for condominiums in Singapore is largely due to the limited amount of land available in the country. As a small island with a continuously growing population, Singapore faces a scarcity of land for development. This has resulted in strict regulations on land use and …