Property
What Buyers Overlook When Purchasing Older Condos (Until It’s Too Late)
By Stacked Homes  •  August 10, 2025
I noticed that condo maintenance issues are in the news again, and this time, Fernwood Towers was mentioned. Update: Recently, we received an irate letter from Fernwood Towers’ management, for a reference to a Straits Times article about maintenance issues. We previously linked the to Straits Times article here, and we notice the Straits Times also changed its article subsequently. The claim by the management is as follows: Fernwood Towers successfully resolved its lift issues in 2024, strengthened its financial reserves, and completed significant infrastructure upgrades.” So we’re going to take their word for it, and say there is no problem at Fernwood Towers regarding its maintenance, exactly as they claim. Now to get back to it: Maintenance in older condos is hardly a recent issue: before Pearl Bank Apartments (now One Pearl Bank) was demolished, it was the most notorious example of a condo deteriorating from lack of maintenance funds. One of the issues was that the development used...
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By Stacked Homes
The Stacked Homes editorial began in February 2017 to provide the latest news and analysis on property in Singapore.
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