Easier access because it is in the city is one of the reasons you choose Kopar Newton condo. We cannot deny if the location is one of the factors that makes apartment prices so high. Maybe you’re wondering what are the factors that make apartment prices go up even more expensive than home? Check out the following discussion.
1. Reduced Land Availability
A large number of foreign nationals doing business and looking for work in Singapore for and greater access and connections is causing an explosion in population. Among those who moved the percentage who lived more than 5 years was large.
Meanwhile, the availability of land for housing is decreasing. Besides being full of indigenous people, it is also full of migrants.
The availability of apartments in strategic locations such as the capital is certainly much sought after. The diminishing availability of land causes the price to rise.
2. Prices of building materials increase
Rising apartment prices are also based on higher prices for building materials. Of course, every developer wants a profit that is far greater than the capital that has been spent. This has become economic law.
The higher and skyrocketing prices of building materials for apartments as well as property increase the selling price of the apartment. The type of building material certainly greatly influences the selling price of apartment units.
3. An increasingly strategic area
Development is increasing. People are racing to build public facilities. Automatically, companies and tall buildings one by one began to flood the big cities. As a result, the region became even more strategic, so that more and more people came and sought shelter.
The developer team or developer is certainly very good at taking this potential and opportunity. The more strategic the region, the higher the demand.
4. Middle-Class Economic Stability
Economic development for those belonging to the middle class, especially those already married, encourage someone to own property or assets. The stability of income and benefits allows them to set aside savings to buy an apartment.
Assets or properties such as apartments, especially in strategic places, are quite promising. Those who have it can rent it out to others both for a short stay and per month. The income they earn can reverse capital if the place they choose and the business run well.
The availability of facilities for each apartment is different. But more recently, the facilities of an apartment are getting better. The availability of these various facilities also influences the selling price or apartment rent.