Lots of home and condo offers, so you are confused about which one to choose. You don’t need to be confused if you already know the advantages and disadvantages of each. If you visit Midtown Bay showflat then decide to buy a condo, what are the benefits?
-Strategic location. The location of the condominium is usually more strategic than the house. Usually, condominiums are located in the middle of the city, while houses on the outskirts of the city are even across the city. The strategically located condo beside the location is easy to reach, there is also easy access to the location. Moreover, if there is a lot of access, the value of the investment property is higher. Why do urban people choose to live in a condo? Yes, among others, because of its location, let’s say it is in a crowded place, close to offices, shopping centers, schools, or campuses.
– Complete facilities. Condos generally provide complete facilities for residents. Usually, it has been adapted to the urban lifestyle, such as swimming pools, gyms, sports clubs, cafes, minimarkets, malls, and adequate parking lots. If the facilities are complete, you can expect to get investment returns from the condominium rental price and resale price in the future.
-Easy to rent. The market share of condominium rental in urban areas is quite large so that it can bring passive income to you. Also, capital gains or profits from the prices of condominium units tend to rise. So, you can profit a lot if you will later sell it again. Not only does it capture the rental market for executive entrants in a city, but many expatriates also become condominium tenants in urban areas. Vertical occupancy prices tend to rise faster. Moreover, when all government-built infrastructure projects are completed, the condominium price will certainly increase from the initial price when purchased. Therefore renting it out will certainly generate substantial profits.