Exploring the Allure of New Condos in Singapore Why They Reign Supreme Among Buyers and Investors A Comprehensive Comparison between New and Old Condos
Singapore’s condo market is also greatly influenced by a strong resale sector. While the price of a new launch condo may come at a premium, a resale condo can offer better value in terms of size and location. For instance, a new condo with a freehold status in Districts 9, 10, or 11 may provide larger living spaces compared to a newer leasehold alternative, making it an attractive option for families and investors seeking long-term capital appreciation. Additionally, a freehold property is often perceived as a more desirable asset due to its exemption from lease decay over time.
While new condos are highly attractive, it’s worth noting that there are also advantages to purchasing an old condo. For starters, old condos tend to be more spacious than new ones. This is because older developments were built when land was more abundant, and developers had the luxury of constructing larger units. …