A relatively small country from the biggest continent of Asia, Singapore has undergone a serious scarcity of free land area in the past few years. Titled or free land possessions are now so costly they are unaffordable by the usual Singaporean with an ordinary income.
The many luxury homes which are coming up in the city today are so expensive that they can only be afforded by the very richest of people. Because of these reasons, the real estate market in Singapore has seen a wonderful rise in the number of buildings and complexes that house apartments and condos.
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In actuality, condominiums appear to have been the prime choice of the general Singaporean public concerning housing structures. Currently, nearly 80 percent of the populace of Singapore reside in government managed HDB flats and condominiums, while the remainder of the populace resides in the more expensive private and branded properties.
Moreover, with the continuous growth in the populace of the city, condo developments appear to have taken a radical increase in the upward direction. This gain in the population is also because of a large number of foreigners that migrate into the country every year because of its economic and industry growth.
A number of these foreigners have made the city their next house, and have settled here with their families. This, however, poses a problem with regard to their own home, since they’re often forced to resort to tiny studio apartments or the many authorities managed HDB apartments.
Not anymore! With a lot of luxury condominiums rising in Singapore, these folks will have great housing choices on offer. Luxury condo complexes such as the Botanique in Bartley offer only luxurious features and amenities to the residents, facilities which would otherwise cost them a fortune. Moreover, with these condos, residents don’t have to be worried about having to pay huge amounts of money for those properties.