Singapore’s condo market is also boosted by a thriving resale segment, which offers advantages to potential buyers. While a newly launched condo typically comes with a higher price tag, a resale condo can offer better value in terms of size and location. For instance, an older freehold condo located in Districts 9, 10, or 11 may provide more expansive living spaces compared to a newer leasehold property, making it a preferred choice for families and investors looking for long-term capital appreciation. Additionally, a freehold property is often viewed as a highly desirable asset since it is not affected by lease decay over time. With the option of condo launches, interested buyers can choose between newly built and resale properties, giving them more flexibility in their investment decisions.
However, as the economy slowly reopens and people return to work, the demand for rental properties has increased. With the vaccine rollout …