Naturally, purchasing a new condo offers more affordable upfront options compared to negotiating for resale units where these benefits may not be available. Furthermore, new launches often provide progressive payment schemes, which assist buyers in better managing their cash flow during the construction period.
Furthermore, owning a 99-year leasehold also offers flexibility for buyers. As the leasehold still has a considerable number of years remaining, owners can choose to sell or rent out their units for a good return on investment. This is especially attractive for investors who are looking for a long-term investment opportunity. As the demand for housing continues to rise, especially in urban areas, owning a 99-year leasehold condo can be a lucrative investment.
It is crucial for buyers to thoroughly evaluate the lease term of a 99-year leasehold condo, which may have only 60 or 70 years left. Such properties may be subject to constraints on …