The appeal of investing in new condos in Singapore is further strengthened by the impressive track record of renowned developers. The likes of CapitaLand, CDL, UOL, and Frasers Property have consistently showcased their expertise in delivering top-notch projects with strong after-sales support. This not only helps to maintain or increase resale value but also minimizes investment risk and instills a sense of security for first-time or overseas investors who may not be familiar with the local market. Additionally, integrated developments like Parktown Residences and mixed-use projects at Tampines Street 94 and Orchard Boulevard have been gaining popularity due to their convenience and potential for long-term rental profits.
Moreover, the launch of new condos in prime districts also has a positive spillover effect on the surrounding resale market. As the demand for new condos in prime districts increases, it creates a ripple effect that extends to the resale market, driving up …