The demand for residential condominium units is high among the people of Singapore, as is evident by the exaggerating response which is visible at the “Soft Launches” of various condominium projects in the city. The first half of 2015 has seen the launch of over a dozen condominium projects in the city, and they have been welcomed with great interest by the many real estate property investors in the city. This response has been surprisingly contrary to the forecasts of popular real estate pundits, who claimed that the demand for such property in the city is deemed to fall in the first and second quarter of 2015.
One of the major reasons that have contributed to this development is the fall in the prices of these properties. The property prices in the city has fallen greatly in the first and second quarter of 2015, and this has attracted more investors to the condominium launches taking place in the city. A majority of these investors are home-makers and first-time home buyers, who are taking advantage of the low prices in order to grab their opportunity of acquiring some of the finest residential properties in the city of Singapore. Moreover, the growing economy of the city has also helped people stabilize their financial conditions further, thus making them more capable of making the expensive investments on these residential properties.
There is another reason why a new launch condominium Yishun or in other parts of the city is being received with such warm response, and that is the advantages and facilities on offer due to the locations. These condominium complexes in the city enjoy supreme locations with easy access to the most important establishments in the city like the hospitals, schools and universities, shopping centers, food courts and restaurants, airports train stations and bus interchanges, etc. Hence, these condominiums are the best places where the people in the city can live in order to enjoy a luxurious city life, as they will be able to live a luxurious life within the vicinity of the city.
In addition to the locations, the many condominium complexes in the city like the North Park Residences Singapore also offer some exquisitely luxurious facilities that are otherwise not easily available to the people living in the city. Facilities like swimming pools, parking spots, gymnasiums, etc. are prominent features of these condominium complexes, and cannot easily be afforded unless one is a billionaire in the city.
Property real estates 