Securing financing is a crucial factor when investing in a condo. In Singapore, there are various mortgage choices available, but it is imperative to take into account the Total Debt Servicing Ratio (TDSR) framework. This framework restricts the amount of loan an individual can acquire, depending on their income and current debt commitments. It is vital for investors to comprehend the TDSR and collaborate with financial consultants or mortgage brokers to make informed decisions about their financing options and avoid excessive leveraging. Furthermore, the prime location of the condo adds to its value and attractiveness as an investment opportunity.
An added advantage of investing in a condominium is the option to utilize the property’s value to secure additional investments. Numerous investors leverage their condos as a valuable asset to obtain further financing for new ventures, resulting in the growth of their real estate portfolio. While this tactic can potentially boost …