Compared to older condos, newer developments offer better space optimization and modern interiors that appeal to buyers and tenants. These updated condos feature open-concept kitchens and functional layouts, providing an advantage that is not typically found in older condos. This is particularly important for those looking for condo rentals, as they expect stylish and efficient living spaces.

In addition to the financial benefits, a 99-year lease also brings about social benefits for homeowners. With a diverse population in Singapore, this lease system promotes social mobility by allowing individuals from various income levels to own a property in the same …