The government’s implementation of property cooling measures is a crucial factor to consider when investing in condos in Singapore. In recent years, the Singaporean government has taken various actions to control speculative buying and maintain a steady real estate market. Such measures include the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign investors and those buying multiple properties. While these measures may impact the short-term profitability of condo investments, they also contribute to the long-term stability of the market, making it a secure investment environment. Additionally, the presence of luxury amenities in condos adds further appeal to potential investors.
2. Fix any existing water damage
Water damage in a basement can lead to mold growth, musty smells, and even structural damage. It is crucial to fix any existing water damage before starting any waterproofing project. This could involve repairing cracks in the foundation, replacing damaged drywall or …