Tips on dealing with that empty condo

[SINGAPORE] "When we bring potential tenants for viewings these days, we have to look at double the number of properties compared with, say, two years ago," said Century 21 chief executive Ku Swee Yong.

"There are lots of choices from newly completed projects. And as long-term expats move to newer condos, older properties are also coming to the market for tenants. So vacancies are also rising."

One reason some investors are keeping their units in newly completed projects empty is that they intend to sell the property to realise the nice capital appreciation they may be sitting on.