Modern, Convenient, and Valuable Why a New Condo Triumphs over an Old Condo in Singapore
The rental market, including condo rentals, has experienced intermittent fluctuations influenced by larger economic conditions. Despite this, vacancy rates have typically remained optimal. Amid the COVID-19 pandemic, there was a temporary decline in rental demand due to travel restrictions. However, as borders reopened and economic activity resumed, the market quickly rebounded. In 2024 and 2025, rents have stabilized after a significant increase in previous years. Moreover, with the addition of new condo completions, the supply of rental options has expanded, providing tenants with a greater selection. For investors, this highlights the importance of location, unit efficiency, and tenant management in ensuring a consistent flow of rental income.
Furthermore, new condos come with a warranty, providing peace of mind for owners. This means that any defects or issues with the property will be rectified by the developer, saving the owners from expensive repair and maintenance costs.
First and foremost, modernity is …