What does high density / low density condo means? Does it affect the prices or your living conditions? In a way, yes.
Low or high density is considered as a very subjective issues, some may feel that 600units in a block of building is highly-densed while some find it acceptable for them.
So why do some people care whether it is high density or low density? Why some prefer for low density while others go for high density? Below are the "cons" reasons for some of the home buyers
1) Safety issues
For high density : If the probability are 1 rude house owner out of 100units , a block with 600units will have 6 rude house owners. It could be more noisy quarrels , or people who dump their stuff at the hallway just for their convenience.
For low density : Lesser people around, could have a darker hallway and more dangerous when you walk
from your car to your home. Seems more eerie for those staying as a family.
Low or high density is considered as a very subjective issues, some may feel that 600units in a block of building is highly-densed while some find it acceptable for them.
So why do some people care whether it is high density or low density? Why some prefer for low density while others go for high density? Below are the "cons" reasons for some of the home buyers
1) Safety issues
For high density : If the probability are 1 rude house owner out of 100units , a block with 600units will have 6 rude house owners. It could be more noisy quarrels , or people who dump their stuff at the hallway just for their convenience.
For low density : Lesser people around, could have a darker hallway and more dangerous when you walk
from your car to your home. Seems more eerie for those staying as a family.
2) Car park issues
For high density : Almost every house has at least two cars now. Imagine a block with 700houses. Its either you have to park one of your car outside the compound, or take a few rounds turning up the condo's car park everyday.
For low density : Weird enough, same reason as above. Reasons are the developers might build lesser car park as there are lower amount of units in the block. Some could be open car park as well.
3) Selling/Buying issues
For high density : There are always some vacant units for sale so it is harder to fetch a good price for sale.
For low density : Even you liked that location of the block, its harder to find a vacant unit to buy.
4) Maintenance fees
For high density : More facilities are to be provided so there might be slightly higher fee to pay ( but some are lower as there are more people paying the fees)
For low density : Usually the problems are people that do not want to pay the maintenance fee. When its already low density and yet people doesn't want to pay, it will be harder to maintain the cost of the facilities in the condo ( lifts, lights, playground facilities etc. )
As we can see, it is often in contradiction with what people wants. You can say that high density condo is harder to sell for a good price later on, but did you know that means you can buy that unit with a cheaper deal now? Just remember what type of house are you looking for, then go for it.
P/s: High density condo are usually better in price appreciation as the location are usually better and more strategic so the developers will build more units for sale.
Happy investing and stay positive!
W.
For high density : Almost every house has at least two cars now. Imagine a block with 700houses. Its either you have to park one of your car outside the compound, or take a few rounds turning up the condo's car park everyday.
For low density : Weird enough, same reason as above. Reasons are the developers might build lesser car park as there are lower amount of units in the block. Some could be open car park as well.
3) Selling/Buying issues
For high density : There are always some vacant units for sale so it is harder to fetch a good price for sale.
For low density : Even you liked that location of the block, its harder to find a vacant unit to buy.
4) Maintenance fees
For high density : More facilities are to be provided so there might be slightly higher fee to pay ( but some are lower as there are more people paying the fees)
For low density : Usually the problems are people that do not want to pay the maintenance fee. When its already low density and yet people doesn't want to pay, it will be harder to maintain the cost of the facilities in the condo ( lifts, lights, playground facilities etc. )
As we can see, it is often in contradiction with what people wants. You can say that high density condo is harder to sell for a good price later on, but did you know that means you can buy that unit with a cheaper deal now? Just remember what type of house are you looking for, then go for it.
P/s: High density condo are usually better in price appreciation as the location are usually better and more strategic so the developers will build more units for sale.
Happy investing and stay positive!
W.
