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Condominiums, often referred to as condos, have become highly sought after in Singapore due to the scarcity of land. As a small island nation with a rapidly expanding population, finding suitable land for development is a challenge. As a result, strict land use regulations and a fiercely competitive real estate market have driven property prices up. This has made investing in real estate, particularly in condos, a profitable venture with the potential for capital appreciation. Condos are in high demand due to their limited availability in the bustling city-state of Singapore.
The unprofitable deal at Marina Bay Suites came …