A condo that has a leasehold of 99 years, with only 60 or 70 years remaining, may pose certain limitations. Properties with shorter lease terms could encounter difficulties in obtaining financing, experience lower demand, and have a weaker potential for capital appreciation. This is why it is important to consider newly launched properties when searching for a 99-year leasehold condo. To find out more about the latest launches, visit www.condo.com.sg.
One of the main reasons for the growing popularity of resale properties is their location. In land-scarce Singapore, prime locations are highly coveted. Most of the new launches are located on the outskirts of the city, making resale properties in more central areas even more attractive. These central locations offer residents convenience and accessibility to amenities, such as shopping malls, schools, and transportation hubs. This has led to an increase in demand for resale properties, driving up their value.…