2021 and 2022 both saw record numbers of million-dollar flats; and while these are still outliers, they are becoming almost expected in some areas like Tiong Bahru, Queenstown, and more specific projects like Pinnacle @ Duxton. But is this a healthy phenomenon? As some people have incessantly pointed out, it could make sense to spend a bit more for even...
We do need to highlight that there were plenty of options at this price point, but as mentioned above, most options seemed to be in the fringe or less developed regions.Not every home buyer looks forward to an en-bloc sale.
Because it seems uncertain if the sale would go through in the end, you'd be stuck in the limbo of whether to commit to another purchase or if you'd still be staying there in the long term. "With HDB things like SERS are very rare. But with condos you can see they en-bloc like crazy — after 20 years people already start thinking of money from an en-bloc. Most of them don't care about residents who find it hard to move, all they think about is the money."For those who intend to age in place, developers' voracious demand for new land is always a threat.
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