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A major factor driving the demand for a condo in Singapore is the scarcity of land. Being a city-state with limited available land, property prices have consistently risen, particularly in central and city-fringe areas. For investors, this long-term appreciation serves as a safeguard against inflation and a means of preserving capital. Additionally, the government’s comprehensive infrastructure planning and economic stability contribute to the continuous growth of property values, especially in well-connected neighborhoods near MRT stations, business hubs, and reputable schools. In areas such as Orchard, Bukit Timah, Bishan, and newer developments like Tampines North and Tengah, there has been a surge in condo launches, attracting a strong interest from buyers and condo rental options.
5. Flexibility and Mobility
One of the main responsibilities of homeowners is maintaining their homes. From regular repairs and maintenance to landscaping and cleaning, owning a house comes with a host of maintenance tasks that …
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