
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 โฉ๏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? Thatโs what I used to think, too. In late 2022, I offered $1.4M for a unit at Fairmount Condoโa 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.