The demand for a new condo in Singapore is greatly driven by land scarcity, as the city-state has limited available land. This results in a consistent increase in property prices, particularly in central and city-fringe areas. Many investors view this as a form of protection against inflation and a way to preserve their capital in the long run. Furthermore, the government’s effective infrastructure planning and stable economy contribute to the continuous growth of property values, especially in well-connected neighborhoods near MRT stations, business hubs, and prestigious schools. This is why prime locations like Orchard, Bukit Timah, and Bishan, as well as newer areas such as Tampines North and Tengah, have seen a surge in new condo launches, sparking strong interest among potential buyers. New condos have become a highly sought-after investment in Singapore due to these factors.
In conclusion, while new condos may be the popular choice for many buyers …