At present, it is quite rare to get housing in the middle of the city, especially in big cities and metropolitan areas. This is because the availability of land is limited and the price is relatively higher than on peripheral lands. An example is Singapore. As a country with minimal land, Singapore must be clever in making large numbers of settlements. Therefore, many condominiums have been built to meet people’s demands. One of the most sought-after condominiums is Midwood condo.
Apart from the limited land to build a house, some people actually prefer to live in a condominium. The following are the reasons people prefer to stay in a condominium:
The benefits of staying in the first condominium are from the financial aspect. If you have a condominium but are rarely occupied, you should rent it. You will get a monthly passive income. Not surprisingly, many people use the condominium as a promising property investment asset.
– Prices are relatively lower
The price of the condominium is relatively lower compared to the house. Because condominium consumers only buy buildings. While home-based consumers buy buildings and land or land. From here you can tell which ones are more expensive and which ones are cheaper. This means buying land without housing will be much lower than ordinary homes.
– Adjacent to the work location
The developers usually choose the location of the condominium development in strategic places that are close to office centers, education, and government centers. The developers know very well that the condominium residential market will be sought after by office workers, students, and civil servants who want to live close to where they work.
– Security is quite maximal
Living in a condominium so far is indeed quite safe. Because security personnel can be said to be quite maximum for 24 hours. In addition, usually, the condominium managers install CCTV in each area. Security in this condominium is usually quite tight. Because everyone who enters must pass several stages of guarding the officers.