The recently constructed condominium presents a lower demand for urgent maintenance. With new and updated piping, electrical wiring, lifts, and air-conditioning systems, owners can expect minimal repair concerns during the initial years of ownership. As a result, this naturally reduces the overall cost of maintaining a new condo.
The GLS program has a significant impact on the new launch condo market as it affects the number of new units available for sale. If the government releases a large number of land sites for sale, it could lead to an oversupply of properties, affecting the prices and demand for new launch condos. However, if the government restricts the amount of land released, it could lead to a scarcity of new units, creating a more competitive and potentially lucrative market for developers.
The impact of the EC scheme on the new launch condo market is mainly felt by developers. As developers …
