Singapore’s urban landscape is characterized by towering skyscrapers and state-of-the-art infrastructure. One notable feature is the presence of condos, strategically located in prime areas, offering a perfect fusion of opulence and convenience. These luxurious dwellings cater to the needs of both locals and expatriates, with various amenities like swimming pools, gyms, and security services that elevate the standard of living. The attractive features also make them a sought-after choice for potential tenants and buyers. Furthermore, for investors looking for condo investment, these factors result in higher rental yields and appreciation of property value in the long run.
On the other hand, the SFIP is a policy purchased by individual condo owners. This policy covers the interior of the unit, including personal belongings and any improvements made by the owner. However, it does not cover the building’s structure or common areas. The SFIP is usually obtained by condo owners who …