In a booming real estate market, certain old freehold condos have proved to be exceptional investments. According to recent data, these 20 properties have generated an average profit of $500k over the past decade. This remarkable achievement showcases the potential for lucrative returns in the real estate sector, cementing the desirability of these investments for discerning buyers.
In Singapore’s property market, the lifespan of freehold and leasehold condos has always been a subject of interest. A recent study sheds light on the surprising trends, revealing the average age at which condos go en-bloc. This article delves into the data, uncovering the factors that influence the longevity of these properties and the implications for both buyers and developers.
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.
Despite the implementation of cooling measures, home buyers remain unfazed, with most intending to proceed with their property purchases this year, according to real estate agency PropNex. The measures aimed at stabilizing the property market have not deterred buyers, displaying the resilience of the sector.
In a surprising turn of events, new private home sales witnessed a substantial decline of 34.6% in December 2022. On the other hand, the HDB accomplished a remarkable feat by completing the highest number of flats in five years during 2022. Stay tuned for more updates on the housing market and its implications.
In an unfortunate turn of events, it has been announced that a significant number of residential property owners will have to bear the burden of higher taxes in the coming year. Furthermore, the highly anticipated launch of Tenet EC saw a staggering 72% of units sold on its very first day. Stay tuned for more updates on these developments and their implications.