In a fast-paced property market like Singapore, condominiums are always under scrutiny. The burning question remains: How long do most condos survive before going en-bloc? A recent analysis suggests a lifespan of roughly 35 years, highlighting the transient nature of these developments. As developers eye prime locations, the future of aging condos hangs in the balance, leaving homeowners anxious about the fate of their investments. Stay tuned as we delve deeper into the en-bloc phenomenon and the implications it holds for Singapore’s real estate landscape.
In a surprising turn of events, the property market seems to be slowing down as only 53 new units were sold this weekend. Several factors contribute to this unexpected decline, including economic uncertainties, tighter lending regulations, rising interest rates, increased supply, and cautious buyer sentiment. Experts warn that these trends might have long-term implications, calling for a thorough analysis of the property market’s future trajectory.