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 surprising turn of events, five HDB estates have witnessed a downward trajectory in property prices as we enter 2023. Analysts attribute this unforeseen decline to factors such as oversupply, an aging population, and changing preferences. Homeowners and investors alike are keeping a keen eye on these estates, seeking potential bargains in the property market. Experts advise caution, however, as these declining prices may also indicate broader economic concerns in Singapore.