Wherever you may go you will be surrounded by real estate.
Whether houses, offices, warehouses, Condominium or Commercial. These buildings are all the products of Property Development. Real Estate Property developers are building the world around us.
So, what is property development?
Real Estate development, is the process of developing buildings or land into a higher or different use that will increases the value of the property.
Development can be:
- Buying land and building property on it.
- Renovating, extending, or improving the property.
- Converting property from one use type to another.
It is simple to explain “A Property Developer adds value to land or property”
By adding value, a developer can extract a profit from development. This is one of the main (but not only) goals in property development. The concept of developing property to its highest and best use value is property development process.
Should I Buy or rent a Development Condo?
This question is a little bit confusing because this decision is totally depending on how much you are willing to expense. Buying a property is one of the biggest decisions we make in our lives. It is a commitment to a building, an area and a lifestyle for a prolonged period of time. if your budget is less then you can rent it and if your budget is more then you should prefer for buying the condos
“If you prefer for rent then their advantages are:
- Flexibility of movement
- Monthly payments
- No maintenance worries
If you prefer for buying then their advantages are:
- Own property
- One time investment
What are the most popular Building facilities?
The Sukhumvit real estate is known for their building facilities. A vital part of building design is making buildings that work for people and not the other way around. Rather than selecting a building that may function well but causes issue for the occupants, it's better to facilities a building that provides a better quality environment for the people within.
- Location This features expect the most important role for any developer to build the project because every customer’s attraction is there location .through the location of that condo or houses demand will rise
- Green roofs for easy outdoors access Best ventilation should be provide to customers for their healthy environment
This features is probably springs to mind are roofs-turned-decks on high-rise apartment buildings. Rooftop decks have a number of benefits, but are especially useful in urban areas where traditional outdoor, ground-level open spaces aren't possible.
- .Privacy The best feature is your own privacy in today's fast Life Building a home means it will be your home. You can be the first person to live in it and are responsible for its position in the first place. this a certain kind of value you can’t find on the housing market. Build your future assets
This day value of new project are normal as compare to the future if you purchase now then it will a good investment for the future and you will get a great advantage for future
What are New Development condos price range on?
Its all depend on the location. Sukhumvit Projects are well-known as a prime area in the city that enjoys perpetual popularity. However, the rapidly rising prices of condominium units in the area make investors wonder if major property developers continue to be attracted to invest in this area. As such, new condominiums, especially luxury projects, have mushroomed, with developers always seeking a hefty profit from higher prices when units are sold or gaining a long-term rental yield. property advisory company, the price of condominium units has continually increased over the past five years. Sukhumvit has seen the sharpest increases: from 183,000 baht/sq m to 255,000 baht/sq m, up around 40%.
What are the main BTS & MRT train stations in Sukhumvit Bangkok?
BTS (Bangkok Mass Transit System)and MRT(Metropolitan Rapid Transit) both are ain train of Bangkok they provide the best means of transport in Bangkok