Due to the limited availability of land, condos have become a highly sought-after property type in Singapore. As a small nation with a growing population, Singapore is facing a scarcity of land for development. This situation has resulted in strict land use regulations and a fiercely competitive real estate market, where property prices are continuously rising. Therefore, investing in real estate, specifically condos, has become a profitable venture, with the potential for significant capital appreciation. With the allure of condos and their promising investment opportunities, it is no surprise that they are in high demand in Singapore.
Mandarin Gardens achieved the highest profit in a resale condo transaction during the week of Feb 7 to Feb 14. The unit that was sold, a 3,800 sq ft four-bedroom unit on the eighth floor of the development, brought in $4.88 million ($1,284 psf) on Feb 11. The URA records show that this …