With the rise of new condo launches, modern properties offer better space optimization and are preferred over older condos with outdated interiors and inefficient layouts. Today’s buyers and tenants demand stylish interiors, open-concept kitchens, and functional spaces, all of which are commonly found in new developments. Take, for example, the latest condo launches, which offer all of these advantages and more.
The limited land availability has also led to the rise of compact and efficient housing solutions in Singapore. The URA has introduced measures such as the minimum size requirements for private apartments and condominiums to ensure more efficient use of land. This has resulted in the development of smaller, yet more affordable units, catering to the younger population and first-time homebuyers. These smaller units also appeal to investors, as they offer a higher rental yield compared to larger units.
Moreover, Singapore’s strong economy and stable political climate have …