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Why Most Boutique Condos Underperform (And a Few Soar)

The Boutique Condo Paradox: Why Some Projects Fly, While Others FlatlineBy Heikal Shafrudin โ€“ HeroHomes.sg โœฉ๏ธ Most people assume boutique = rare = profitable. Boutique condos are low-density, peaceful, and often freehold. In a land-scarce market like Singapore, shouldn’t that be a recipe for capital gains? Thatโ€™s what I used to think, too. In late 2022, I offered $1.4M for a unit at Fairmount Condoโ€”a quiet, freehold boutique development near Sungei Bedok MRT. My offer was rejected. A few months later, it sold for the same price I had offered.

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