In terms of permanent property ownership, there are two routes that you can potentially take. There is the well-known route of buying a house in the suburb, and it has been the popular route for decades up until the 08’ market crash. The second route that has been growing more popular ever since the market crisis is to buy a condo. This shift in real estate trend is an understandable one given how condos are cheaper than houses, and it makes sense for people post-crash to only to be able to afford that and so on. Interestingly, even people who can afford to buy houses voluntarily opt for condos, and for a number of different reasons. If you are interested in getting a condo for yourself, you can check out the bookings for Azura Condos, a newly launched project.
If we look at it from a business angle, condos are growing more and more popular, and they are expected to only get more expensive in time, so a lot of people are buying condos as a sort of real estate investment, so once the price of the condos appreciate, they can sell the condos and earn some extra money for themselves.
If we disregard the above strategy, a lot of people are now buying condos simply because they are more convenient. Condos are closer to the city, which means they are closer to work, which means you do not have to travel long distances or waste a lot of fuel having to move around from work to home or anywhere else like the market, a hospital, a mall and so on because it is all in close distance to you. Condos are also big enough to fit a small family, so you can easily adjust to them as well.