A newly launched condo has the potential to be highly attractive for securing tenants quickly and minimizing vacancy periods. However, compared to a fully renovated unit, an older condo may not have the same appeal and could potentially attract lower rent. That is why it is important to consider the advantages of investing in a newly launched condo, which can be found through resources such as condo launches.

It is a common practice for condos to have a 99-year leasehold, but some may only have 60 or 70 years left. The leasehold period plays a significant role in the property’s value and market demand. Purchasing a property with a shorter remaining lease term may result in difficulties in securing financing, reduced demand, and lower potential for capital appreciation. Hence, it is crucial for potential buyers to thoroughly assess the remaining lease term before committing to a purchase.
As such, …