Condo investment has increased after the pandemic with people opting for convenience of the location being near schools, work offices and other important things they need. In order to make a well-informed decision, you should do your research.
For those who bought to live in it, modern condos like Amberwood at Holland could prove to be a good investment as it retains property value long after you purchase it. You also enjoy the amenities offered by the condo such as gyms, pools and other things such as open spaces and walkways, and is situated close to key locations. You also provide long-term shelter for you and your family allowing you to pass it down to your kids.
Condos are not a quick way to earn cash, but offer a steady stream of income that could improve over time depending on how the market shapes up, so do not expect instant money right after buying one. Buyers have turned hyper-specific in selecting units because they choose depending on their needs and preference such as being close to key locations, convenience and luxury. They might also not be sustainable as the main source of income, since vacancy rates are high with some areas having over-supplied condos because they were aggressive in making them and marketing them.
Having to manage the unit you invested in is also another commitment you have to stick with, which involves repairs and maintenance. You are in-charge to keep the condo in pristine quality and condition. Instead of making money, you could be losing it if there is no sure buyer and you are spending money on keeping the unit maintained and up to date with repairs.
As of now, the market is mixed with good and bad results with buyers becoming very specific about their unit, value and preferences, but if you choose to live in it, a condo makes for an investment worth your time as you set yourself up for the future with more flexibility compared to buying a house.