Singapore’s new condo market is not only supported by the launch of new developments, but also by a thriving resale segment. While newly launched condos may come with a higher price tag, opting for a resale condo can offer better value in terms of both size and location. For instance, an older freehold condo in prime districts 9, 10, or 11 may provide more spacious living areas compared to a newer leasehold property, making it a popular choice among families and long-term investors. Additionally, freehold properties are considered more desirable as they are not subject to lease decay over time, adding to their value as a long-term asset.
Investing in a new condo is a more intelligent decision as it offers a better package of benefits compared to an older condo. Although an old condo may offer a larger space at a lower price or be situated in a prime …