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When considering a high-rise condo investment, it is crucial to also evaluate its potential rental yield. Rental yield refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, rental yields for high-rise condos can vary greatly depending on factors such as location, property condition, and market demand. Typically, areas with high rental demand, such as those near business districts or educational institutions, offer better rental yields. Conducting extensive market research and seeking advice from real estate agents can provide valuable insights into the rental potential of a specific high-rise condo. Additionally, consulting resources such as Juice.com.sg can help in making an informed decision about investing in a high-rise condo with promising rental potential.
Therefore, it is crucial for foreign individuals to be knowledgeable about the property ownership regulations in Singapore to avoid any legal issues.
4. Fire Resistance: High-rise condos are often built …