A condominium is a planned development that has been created pursuant to Chapter 718 of the Florida Statutes (The Condominium Act) and may be either residential or commercial in nature. It is characterized by the individual ownership of living units (or offices) and the joint (as a group) ownership of the common elements of the project.
Condo demand gaining strength again
Condominium demand strengthened post-flood crisis and is still growing on oil price rises, Aliwassa Pathanadabutr, managing director of property consultant CB Richard Ellis (Thailand), told a seminar yesterday.
“Condominium demand is largely from locals rather than foreign buyers, but there are some emerging Asian markets in terms of foreign demand including the Chinese and Koreans,” she told the “Wisdom of Wealth” gathering hosted by Kasikornbank.
She advised locations near mass transit and in inner-city sois such as Thong Lor, Lang Suan and Sathon Soi 1.
Investors might also want to look at well-populated communities offering a variety of facilities, resorts that are a two-hour drive from Bangkok and foreign properties in the UK, Australia, Singapore and Hong Kong.
Gross rental yield of condominium in central Bangkok in last year’s fourth quarter were 5.6%, down from 6.4% in the third quarter and 5.7% in the fourth quarter of 2010.
Bangkok’s new city plan will affect land prices in prime locations, as new construction will be more limited in areas of narrow roadways.
Land prices may drop while making existing condo unit prices rise due to limited new supply, said Ms Aliwassa.
Sopon Pornchokchai, president of the Agency for Real Estate Affairs, said Bangkok’s new city plan is a danger that investor should be aware of.
It will force lower-income earners outside Bangkok, as unit prices in new developments will be higher.
“Inner-city condominiums have been an interesting investment, as their prices soared each year. If investing outside Bangkok, it should a condominium near mass transit,” said Dr Sopon.
Floods or other natural disasters should not be of much concern, as these make only a minimal impact on property. Most places suffering disasters bounce back _ for example, property in Aceh, which was hit the hardest by the 2004 tsunami, or Phuket.
“Relocating Bangkok is impractical. The city has faced flooding many times,” said Dr Sopon, adding that Hat Yai was inundated in 2010, but property prices soared afterward.
The property market is picking up now, with pent-up demand now being realised after slowing down late last year.
Last year’s flooding was a soft landing for a property market that had been showing signs of overheating, as many major developers slowed their investments, Dr Sopon added.
For other sectors, Ms Aliwassa said office demand has picked up significantly since last year, especially for units of 80,000 to 120,000 square metres.
Investment in the industry should be long term.
Seastrand Pasir Ris Singapore
Seastrand is a 99-year leasehold condominium development located at 479 Pasir Ris Drive 4, Singapore 510479, in district 18. The expected completion date is in 2014 and it will comprise a total of 472 residential units. Seastrand is relatively close to Pasir Ris MRT Station.
Condo Facilities at Seastrand
Facilities at Seastrand include BBQ pits, gym, lap pool, pavillion, playground, swimming pool and tennis courts.
Condo Amenities near Seastrand
The schools in the vicinity include Pasir Ris Crest Secondary School, Pasir Ris Primary School and Casuarina Primary School. Residents can drive down to shopping malls such as Tampines Mall, Expo, Century Square and White Sands Shopping Centre for amenities such as supermarkets, restaurants and eating establishments, banks, and boutique shops.
Lincoln Suites Singapore Condo
Lincoln Suites is an Iconic estate in fee simple condominium in prime Novena area, one among the most sought-after residential enclaves in Singapore.
The 2 Lincoln Suites blocks are designed with sleek & sophisticated architectural lines. Lincoln Suite’s spectacular range of recreational facilities like a romantic outside dining area & bar and beautiful landscape is sure to keep your guests in awe the instant they step in.
If you are long haul assets investor, leverage in the form of mortgage loan will work in your favor if the property section in which you intend to acquire in is stable as property asset values have proven to be appreciating in the haul. Your lease income from these real estate will offset the mortgage loan especially during this low interest rate environment.
Legal regulations and the title registration process differ from nation to nation, so you need to know your legal rights and attempt to find out the essential searches, surveys and title checks that’s required to be conducted before you commit to buy your overseas property. Never enter into any kind of agreement without the help of a lawyer and never accept someone’s word that an overseas property has its title in working order.
You might get some eager sellers in December as property sellers who did not sell during the recent buying frenzy may be concerned that their property will not sell. Any seller offering their property for sale in the holiday period is eager to sell. Clear your time from your busy vacation schedule and go find a discounted property. You may not get this opportunity until next year. This is as stated in Buckley Classique.
When you initially started off with property investment, would you search for the pre-owned resale real estate which need heaps of refurbish job? Such resale real estate may have lower initial investment outlay when you buy, but these real estate would take quite a lot of your precious time for the home improvement which may be high-priced also.
As a property owner, you do not have to make rent payments which can be unpredictable and sometimes rise every year, but most housing loan payments stay unchanged for the entire mortgage loan period. If the taxes go up, the rise is typically in small step. This stable mortgage cost is especially vital in current inflationary period, when tenants lose money and owners build up asset.
vacation condo rentals
Many people from all over the world go on vacation and spend the huge amount on hotels. To stay in hotels is expensive and will result in wastage of money. It is better to go and stay in condo rentals. Condos for rent are affordable as well as awesome from accommodation point of view.
One of the main advantages of staying in a vacation condo rentals is that you will be enjoying the vacation at lower cost. You will be getting all the modern facilities and that also at affordable rates. It is good to stay in these kinds of condos because it will save your money too.
So in this way you can save lot of money and it is the hot choice among the travelers. Families loves to stay in condos and the main reason behind this is that they get enough rooms and that also with the modern facilities. There are enough bedrooms available in condos and that also bigger in size, so everyone can enjoy their vacation privately in their bedrooms.
You will be getting all the modern bedrooms, modern bathrooms, and modern dining rooms as well as fully equipped kitchens and that also with modern appliances. You can save your money on meals too because you will be getting the facility of fully equipped kitchen.
You can cook the food of your own choice, so no need to do expenses on meals by eating outside. It is a good experience to stay in condos and to enjoy the vacation with full of excitement. Vacation condo rentals are the perfect option for everyone to enjoy the vacation.
Newly married couples can enjoy their vacation in condos and can make their holidays memorable for a life time. Accommodation services provided by the condos are awesome and it will satisfy all the needs of yours. Condo rentals are an excellent option for vacation.
Kitchens are fully equipped with all the modern appliances like pan, dish and piece of silverware that you would need to prepare and serve a meal. It provides a home like atmosphere. Condos are available all over the world and they are available in different sizes and structures.
Many vacation condo rentals also offer at least one balcony with a spectacular view of the surrounding area. For newly married couples vacation condos can be the ultimate indulgence, allowing you to indulge in candlelit dinners and a hot tub so that you can enjoy every moment with full of excitement.
Vacation condo rentals also provide the facilities of fitness center, swimming pools, and laundry. Condos also provide other features like sleeper sofas in the living room, and full-to-king-sized beds in the bedrooms.
Vacation condo rental also offers children’s play areas or babysitting facilities for vacationing families. United States is the best tourist destination. Travelers from all over the world are coming to United States for enjoying the vacation. In United States, Hawaii is the famous tourist destination among the travelers.
Many travelers from all over the world are coming to Hawaii for enjoying the vacation. Rental condos in Hawaii are the best place for enjoying the vacation. Condos in Hawaii are popular and it is affordable. So you can save lot of money.
Vacation condo rentals are the awesome way to enjoy the Hawaii vacation and you can enjoy all the comforts of condos. Condos for rent in Hawaii are attractive and it provides an awesome amenities. To stay in Hawaii condo rentals is affordable and moreover you will be getting all the modern facilities.
Condo Singapore
