The limited availability of land is a major factor driving the high demand for condos in Singapore. As a small island nation with a rapidly expanding population, Singapore is facing a shortage of land for development. In response, the government has implemented strict land use policies and created a fiercely competitive real estate market, resulting in consistently rising property prices. In addition, investing in real estate, especially condos, is a lucrative opportunity for capital appreciation and rental yield. This makes condos a highly coveted asset for both local residents and international investors alike.
In addition to having the right insurance coverage, it’s essential to take preventative measures to minimize risks to your property. This could include installing smoke and carbon monoxide detectors, maintaining proper drainage to prevent flooding, and conducting regular inspections of the property. Not only can these measures help prevent costly damage, but they can also help …