Mixed developments boom in Singapore

In recent years, there has been a rise in the number of mixed developments in Singapore.

With the fast growing population, there has been a surge in demand for homes and amenities alike in land scarce Singapore. Developers are satisfying this demand by integrating both residential and commercial units into a single development.

Singaporeans now prefer a lifestyle that values convenience above other things, hence, the growing demand for mixed developments where shoppers can just walk down from their homes to do their retail and grocery shopping. With so many amenities at their doorstep, shoppers have to travel less far from the comforts of home, and save considerable amounts over time on fuel and parking costs.

The latest mixed development in Singapore is The Midtown and Midtown Residences in Hougang. It houses 160 residential apartments, 51 retail outlets and 55 duplex restaurants and cafes with a supermarket located in the basement.

With the increasing demand for convenience as well as the shortage of land supply in Singapore, it seems like there will be more mixed developments arising in future, says CondoLaunchGuru, a website which provides investors with information about condo launches in Singapore.

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