Boston Condo Market In Real Estate Frenzy

The Boston Condo Market has been on a mega rebound over the past few weeks. Downtown inventory rates have dropped significantly and prices are still climbing. Many Boston condos that we have been tracking over the past few weeks have went under agreement at full or over asking price showing the stability & possible frenzy in the 2007 Boston real estate market.

Last week we all read about the real estate frenzy going on in Manhattan right now. Is it the buyers who have been waiting for the bubble to burst over the past 18 months and now are faced to purchase now or rent for another year? Is it the low interest rates that are still active in our marketplace? What is causing this new renewal of the Boston real estate market?

New condo developments in Boston are also on the hot seat. With even more projects coming up this shows the lack of luxury condo properties or full service condos. We are glad to see more of this type of condo property being built as it is the wave of the future. The Back Bay, Beacon Hill, Brighton Allston, Charlestown, Chinatown, Fenway, Leather District, Midtown, North End, Seaport, South Boston, South End, Waterfront and the West End in Boston are all hot and downtown Boston will continue to boom.

Not surprising, some immediate suburbs like Brookline, Newton, Medford & Quincy are also picking up on this trend. Traditionally these markets don’t cater to the full service young professional, however, we are seeing all new types of luxury condominium properties popping up around the skirts of Boston also.

The Miami Condo Lifestyle – The Good Life Under the Sun

Residents of this marvelous city already know what the good life is all about. Luxury condos like the Trump Royale or the Trump Palace are a great example of what the Miami condo lifestyle can be. It is like living inside a five star resort all year long. These imposing Miami oceanfront towers simply glorify the meaning of a great Miami lifestyle. Right next to the ocean and with miles of white sandy beaches residents can enjoy a tennis match in the morning, then refresh in one of the marvelous swimming pools and relax by the beach in the afternoon.

From Brickell to Aventura, Miami has many wonderful luxury condominium towers that make the experience of living in a condo a true lifestyle. Relaxing by the pool, going to the gym, contemplating the amazing views from these luxury residential high rises is all part of the relaxing experience of living in a Miami condo. Some great buildings like the Icon Brickell, the Icon South Beach, and the beautiful Murano at Portofino are examples of the wonderful Miami condo lifestyle.

At night the city shines again and the views from the balconies of the Miami condominiums turn into something magic. The moving reflex of the lights of these beautiful towers can be seen on the water from South Beach, from Brickell, from downtown Miami and from Aventura. Each building has its own personality and its own uniqueness and locals recognize them by their names. Living in a Miami condo, a true and a unique pleasant way of life.

An Introduction To Condos

When buying a home, people consider a number of things first before they jump on a homw. Some of these considerations include the cost, the location, and the condition of the property, which are all important to a buyer. Buyers need to ensure the property they are getting would give them the comfort and the convenience they need. There are quite a number of real estate options that buyers can choose from, which can cater to every requirement or preference. One example of these is the condominium, which has distinct features that have made them the preferred option of some buyers.

Apart from the distinct features that have made condos a popular option among certain types of buyers, including single people, there are also certain advantages that owning a condo brings that have also added to their popularity. One of these is that compared to stand alone homes, condos are more affordable due to less square footage outside, which makes them a good real estate option for first time buyers. In addition to this, people are also realizing that owning a condominium is a better and more practical option for parents whose children have all moved out of the house. Moreover, downsizing to a condo can also allow parents to use the extra money from the sale of their house for other investments.

Another advantage in owning a condo is that they are considered to be the ideal option for people who travel a lot because of the security that attached homes can provide. As such, condos have become very popular among pilots and salesmen. Lastly, owning a condo also eliminates the need for homeowners to worry about the maintenance of their property. This is because upkeep it is the responsibility of the homeowner’s association to keep condominiums in good shape.

One of the most important considerations that people look into when they buy a home is on whether a piece of property fits their requirements, which can ensure that they buy the property that can give them the comfort and convenience that they need. Fortunately, there are a number of real estate options that can fit almost every requirement and preference of buyers. An example of which is the condominium, which provide a number of advantages that have made them one of the more popular real estate options.

Low Property Prices Have Opened Up Gates for More Investments

Over the course of the past few years, Singapore has attracted the attention of a large number of property investors from within the city-state, as well as from foreign countries. Investors of real estate have been pretty lively in the city for quite some time now. The falling rates of interests on bank loans for property investments have only offered a boost to the cause of the many property investors in the city. The interest rates are among the lowest in the history of the city, and it is pretty hard to imagine that they would lower any further.

Hence, investors with a futuristic approach in their investments would certainly find this to be a great time to make an investment in a property in the city. The many home planners and developers in the city have also taken advantage of the situation, and have commenced the construction of luxury condominiums and flats in large numbers. Over 30,000 luxury condominiums, and another 50,000+ HDB flats and apartments have been developed in the past decade with thousands of others on their way up. The government of Singapore has also realized the need to offer homes to the people of the city, and have reduced the regulations on property ownership for internal citizens and foreigners alike.

This has opened the gates for widespread property investment in the city, with large sums of money flowing in from all corners of the world. Citizens of the city, as well as foreigners from all parts of the globe are spending millions in their attempts to acquire homes in condominium complexes for their own use or for putting them up for rent. The current interest rates and property prices have, however, put strategy analysts in the industry in a spot of bother. The low prices of the properties in the city are great for investors as it allows them to acquire properties for very less prices. On the other hand, this does not necessarily that the conditions might get better in the near future.

Hence, this might be the best time to invest in residential condominiums for people looking for homes of their own in the city. Real estate investors looking for profits in the future will, however, have to consider the risk as they could lose big money if the market does not rise in the near future. The continuous development of luxury condominium projects near Bartley MRT and other popular places in the city also poses a threat of causing a situation where the city has a surplus to its housing needs. This calls for a need for cautious planning and strategy development from investors if they have the desire to make tremendous profits on their investments.

Hence, under the current circumstances, now seems to be the best time to make a smart investment in Singapore. New condominium complexes are being launched with great rapidity, and the immense opportunities that they bring for real estate investors should not be ignored.

Condo Picks for Bangkok’s Phrakanong District

New condominium and apartment blocks seem to spring up every fortnight in Bangkok. Over the course of a year, it’s not uncommon to see two dozen or more well-appointed and well-located buildings materialise in the central areas of the city. This gives plenty of opportunity for anyone looking to lease or rent residential properties near the Bangkok BTS or MRT train networks.

Location, Price, Facilities, Style, Design, Views?

Obviously not all new condos and apartments in Bangkok are as appealing as each other. Inevitably, some stand out from the crowd for a whole host of reasons, some of the most common being:

  • Location
  • Price (value for money)
  • Facilities
  • Service management
  • Style & design
  • Neighbourhood
  • Surrounding views

It is never just a single factor that makes one building better than the competition. Here I have put together what I think are the overall best current choices in condos and apartments to rent around the Thai capital for the current market.

Just like all “best of” lists, my choices here are subjective. I’m sure any reader with an in-depth knowledge of the Bangkok property market will dispute some of my choices and argue that there are other buildings more worthy of the praise. I’ve not onely listed condos and apartments that I personally like the look of though, but also ones which have been given good feedback by expats living in the city. In other words, some or my top picks have been tried and tested.

Le Luk Condominium In Phrakanong

The first Bangkok condo I will look at is the Le Luk Condominium in Phrakanong. This building is located just a five minute walk from Phrakanong BTS station. Le Luk offers studio, one, and two bedroom units for rent. The building opened its doors for the first time in the summer of 2011. One of the initial attractions of this condominium is the size of the living areas when compared to the relative size of many newer projects coming onto the Bangkok real estate market.

Over the last 5-10 years there has been quite an increase in well-located, well-appointed, modern condo and apartment constructions in Bangkok. And, due to the popularity and convenience of the MRT and BTS lines, many of these properties have been located within just 500m-1km of a station.

However, the one draw-back of the current housing boom has been the shrinking living space. Condominium units, in general, have been getting smaller and smaller with each passing year. This is where the Le Luk comes into its own as an accommodation of exceptional value for money. With Studios as large as 40sqm, one bedroom condos over 50sqm, and two bedroom units over 80sqm, these units are not only well designed, bright, and airy, but also genuinely spacious when compared to many of the newer projects.

Le Luk – The Conclusion

Le Luk condominium combines the best of both worlds for those looking to reside in mid-range accommodation in Bangkok. It has both the stylish design and architectural advantages of a new building, combined with the size and spaciousness of much older constructions. Also, factor in the value for money represented in the rental price, then Le Luk is undoubtedly one of the best Bangkok condos currently on the market.

The Sky Walk Condominium Phrakanong

The Sky Walk is another condominium that has units to rent in Phrakanong. It too is within close proximity to the BTS Phrakanong skytrain station, and like the Le Luk condo above, the Sky Walk also offers excellent value for money. This building only opened its doors in 2012, but has already proved to be a big hit amongst our clients. With excellent facilities, great lay-outs, and bright open rooms (thanks to large windows), which bestow spectacular views of the city, makes the Skywalk condominium another popular choice.

Units available include studios, plus one and two bedroom options, all of which are relatively large in size for this market. The Sky Walk caters for a wide range of foreigners looking to rent in Bangkok.

A new commercial and retail building opened in the same compound provides the residents of Sky Walk easy access to restaurants, shops, and supermarkets, which makes renting a condo here even more appealing than when it first opened. And the Skywalk is also set to become one of the few condos in Bangkok that’s connected to a BTS station (in this case, the Phrakanong BTS) via a sky bridge.

Sky Walk – The Conclusion

All these things and more, make the Sky Walk a great Bangkok residential building, not least because of its location, facilities, amenities, and value for money.