Aside from monetary gains, a Singapore condo is also highly appealing to investors for legacy planning and lifestyle purposes. It is common for parents to acquire a unit as a future asset for their children or for the purpose of multi-generational living. Additionally, individuals may choose to purchase a condo near parks, waterfronts, or lifestyle hubs for their own enjoyment of urban living. With the increasing desire of Singaporeans to upgrade from HDB flats, a new condo becomes the next logical step in their housing journey, driven by growing incomes and wealth accumulation.
Another factor contributing to the rise of new condos with luxurious communal facilities is the changing demographics of city dwellers. With an increasing number of professionals and young families choosing to live in cities, developers are catering to their needs by providing a range of facilities that appeal to this demographic. For instance, many new condos have …