Land & Property – PRWIRE Asia

WIDEBED to Speak on Sunsuria City for PropertyInsight Investment Series

Ivan Chong, CEO & Founder of WIDEBED and recipient of the 2017 Top 30 Creative Young Entrepreneur Award (CYEA), has been invited to speak at PropertyInsight Investment Series.

Kuala Lumpur, Malaysia, April 20, 2018 /PRWIRE.asia/ -- WIDEBED founder Ivan Chong is set to speak at the Sunsuria City property event this coming 21 April 2018 at 11am. In the event, Ivan Chong will be sharing on how homeowners can maximize the profits of their property.

Ivan Chong received the Top 30 CYEA 2017 by JCI. He is also a founding member of the Malaysia PropTech Association. He spoke at the 2017 Star Property roadshow and has been the key speaker at events like the SHAREDA CEO Roundtable Conference, MyRumah Property Showcase, The StarProperty.my roadshow, and events organised by Developers . He will bring to the event how property investors can take advantage of the growing short-term rental market, a particularly thriving market in Kuala Lumpur.

A pioneer in short stay industry, Ivan will share his years long experience & industry insights at the PropertyInsight Investment Series event.

The PropertyInsight Investment Series will feature three other prominent speakers as well as Ivan. These speakers are Dato KK Chua – CEO of PropertyInsight, Jack Lim – DJ at MyFM radio, and MeiYan – DJ at MyFM radio. Together with Ivan, these speakers will share on how property owners can optimize ROI on property through other proven methods.

“It is a common belief among property investors that they must either sell or rent to long-term tenants, which is no longer accurate. In this event I will bust this myth by sharing insights on how property owners can optimize profits by utilizing the growing short-term rental market.” said Ivan Chong.

For those who are interested in attending the event, the event details are as follow:

Date: 21 April 2018 (Saturday)
Time: 9am to 5pm
Venue: Celebration Centre @ Sunsuria City

About WIDEBED: WIDEBED offers a comprehensive short-term rental property management and concierge service to property owners in Malaysia and beyond. The Company helps property owners in major cities, maximize their rental income while ensuring there is zero-stress in making accommodation available to travelers of all persuasions. Their service is active 24/7 and aims to take care of everything expected by both the property owners and the guests. For more information please visit: http://widebed.com

Contact Information:

Name: Ivan Chong
Organization: WIDEBED SDN BHD
Website: www.widebed.com
Email: inquiry@widebed.com

What is Estate Planning by Smart Wealth

What do you know about Estate Planning? Let Smart Wealth introduce you the basics and how you could benefit from estate planning.

Kuala Lumpur, Malaysia, April 18, 2018 /PRWIRE.asia/ -- Estate planning is not merely preparing a will, in fact, it requires some proper planning and arrangements to protect and preserve a person’s total assets for the benefit of his family and loved ones. The objectives behind estate planning are to protect one’s estate or assets from being claimed by creditors, avoid transfer of assets to wasteful and irresponsible beneficiaries, preserve the estate in its original value and providing rightful beneficiaries who are still lacking financial acumen with an appropriate financial back-up in the future.

We have gathered here an essential estate planning guide on what types of assets transfer is available to the public and several important aspects you should take note of in ensuring your proper estate planning is firmly in place. We believe you would want to make sure your assets are being transferred without a hitch to your loved ones according to your wishes after death. So spend a few minutes go through the below transferring procedures even though you might engage the services of estate planning attorneys or trustees. It would benefit you tremendously.

-Statutory law transfer

This type of transfer is validated through the operation of law. Common transfer cases that involve statutory law transfer are life insurance policy nominations and EPF nominations in which the nominations can be made revocable or non-revocable. For Muslims, the case is a little bit different in that the names which are nominated are not the beneficiaries but only nominees whose role is to distribute the EPF funds according to Al-Faraid Distribution laws.

-Contract transfer

This type of transfer is viable through the signing of a contract or agreement during a person’s lifetime to ensure that your assets are transferred to your beneficiaries in a proper manner upon his death. Common example of contract transfer includes an absolute assignment of a person’s life insurance policies which is non-revocable. Trusts like Inter Vivos or Living Trusts are also examples of contract transfer where the owner passes legal title of trust property to a trustee to hold on for the beneficiary in accordance to the terms being set out in the trust. Both Muslims and non-Muslims could utilize this efficient tool for creditor protection.

-Administration transfer

Also called a probate transfer, this transfer shall take effect if the other two types of transfer are not in force when someone dies and his/her properties have to be transferred nonetheless. Hence it is always a wise decision to write a will in case of some untoward circumstances.Be equipped with the basic knowledge of estate planning will help you manage your finance in a more effective way and it is always advisable to start as early as possible!

Contact Information:

Name: Chris Teng
Organization: Webist Solutions Sdn Bhd
Website: webist.com.my
Phone Number: 0165574650
Email: chris@webist.com.my
Address: B-1-3A, Kuchai Exchange, Jalan Kuchai Maju 13, Off Jalan Kuchai Lama, 58200 Kuala Lumpur.

Introducing Malaysian Insurance for you by Smart Wealth

Get to know how insurance in Malaysia works and how you could purchase different types of plan smartly.

Kuala Lumpur, Malaysia, March 28, 2018 /PRWIRE.asia/ -- Be aware of Malaysian Insurance.

Most people are not unaware of the term insurance and how it functions. Briefly speaking, insurance is a practice or arrangement whereby an insurance company or government agency provides a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a specified premium. People already knew it long time ago, either engaging the services of agents or buying insurance on their own. Here in Malaysia, there is another insurance option called Takaful which is based on the Shariah laws and more specifically cater to Muslims. So what do you know about insurance and seeing a long list of health insurance companies offering a myriad of different insurance packages, how are you going to determine which one is the most suitable for you?

There are 3 common types of Malaysian insurance available for the market which are Medical and Health, General and Life. Here we shall explain how each of these works in layman terms so that you know which affordable insurance to buy for yourself and your family.

-Medical and Health Insurance
The most basic insurance that covers you in the event of illness or injury due to an accident or illness. This is especially useful where it helps to pay off your medical expenses and if necessary, hospitalisation cost which could be quite burdened if you do not have enough fund readily available. It is the most essential insurance for people to have and there are numerous types of medical and health insurance covers offered in Malaysia which includes medical card, critical illness plan and hospital income insurance. Medical card provides medical coverage for any expenses incurred during hospitalisation due to illness, accident and injury. Critical illness plan entitles you a lump sum of cash upon diagnosis of any critical illness like heart attack, cancer, paralysis, Alzheimer, Parkinson’s etc. Hospital income insurance pays out an agreed amount of money to you when you are hospitalized.

-General Insurance
General Insurance includes motor insurance, travel insurance and personal accident. Motor insurance protects you financially from road accidents involving vehicles.Moreover, you could also add on to purchase theft, fire or own damage protection that will protect the value of your car. Travel insurance, on the other hand, protects you from risks such as travel cancellation, flight delays, medical emergencies, lost and delay of baggage, loss of passport etc. Personal accident insurance pays you a fixed amount of money if you suffer partial or permanent injury, disability or death due to an accident.

-Life Insurance
Life insurance pays out a sum of money to the beneficiaries upon the death or permanent disability of the person insured. It is divided into whole life and term life insurance where the difference is the period covered (upon maturity age is reached for whole life and death for term life). Another stark difference is the whole life contains savings benefits while term life does not.

You have the required basics of insurance knowledge with you now in order to make a wise decision on the purchasing part. You could choose any insurance plans on your own or you could engage Smart Wealth consultation service where we help you to pick the best option for you and your family.

Contact Information:

Understand the EPF investment scheme in Malaysia with Smart Wealth

Have a basic understanding of the different types of EPF schemes available in Malaysia and know their strength and weakness.

Kuala Lumpur, Malaysia, March 28, 2018 /PRWIRE.asia/ -- As a Malaysian citizen, everyone should know EPF (employees provident fund) and what is the purpose of this fund. But what about EPF investment scheme? To explain it briefly, the scheme is an option where you could invest a certain percentage of your EPF funds in EPF-approved unit trust funds. The objective of the scheme is to help grow your money for retirement purpose and members are able to invest a maximum of 30% of their savings or minimum RM1000 of their EPF account 1.

So which types of investment scheme are available for you to invest? Over 20 fund management institutions have been listed by EPF agency to manage unit trust funds under their investment scheme. The list of approved funds include bonds, equities, money markets, and balanced (mixed) unit trust funds. Each of the approved funds has different earning potential and therefore different risk level. It is always a wise move to consider your risk taking capability before diving in any of the investment schemes so that you would have a peace of mind. You will need to know your investment objective as well either to have a regular income stream, make capital gains or a combination of both.

Here’s some scheme on offer for the public:

-AFFIN HWANG Aiiman Income Plus Fund: Classed as a low-risk bond fund, this type of investment will provide a steady income and is best for those with mid to long-term investment goals.
-Hong Leong Money Market Fund: A low-risk option for risk-averse investor, it is designated for people who want to invest for a short period of time while at the same time expecting to receive a regular income stream.
-RHB Smart Balance Fund: This fund is classified as moderately risky and suitable for investors who might want to participate in a longer time period. This option is advantageous in that it allows investors to earn from current income and capital growth.
-AmCumulative Growth: A high-risk equity fund to start with, it suits investors who are looking for capital growth over regular income streams. This fund is a long-term investment option for people who would want to accumulate higher returns.

Even though some of the funds are classified as low risk, it does not mean that investor will not be exposed to any loss in their investment. It all boils down to how much risk appetite an investor could withstand. The higher the risk, the higher the returns and so the higher the loss as well. Therefore it is imperative for any person who wants to invest to know how to manage their wealth smartly as well.

So you have it the basics of EPF investment scheme in Malaysia where you can decide carefully on whether you want to invest in it or which type of investment option is more suitable for you. There will be pros and cons in any of the investment schemes and you could always engage the services of financial consulting firm like Smart Wealth to guide you on which types of investment pathway is the best for you.The earlier you are informed, the better you are prepared for your retirement period.If not now, then when?

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How to get your CCRIS report online by Smart Wealth

Learn the procedures for generating your CCRIS report online hassle free without needing to go to the physical office.

Kuala Lumpur, Malaysia, April 18, 2018 /PRWIRE.asia/ -- Finding it troublesome to get your CCRIS report at Bank Negara Malaysia (BNM)? Smart Wealth believes you do! Now you do not have to waste your precious time queuing up at BNM to get yours, that’s because you could do it online already! For those who do not know what CCRIS is, here’s a brief explanation. CCRIS is a service platform which provides Personal Credit Reports and it stands for Central Credit Reference Information System. CCRIS is a system created by BNM which synthesizes credit information about a borrower or potential borrowers into standardized credit reports. The information shows the credit history of potential or current borrowers and is available to financial institutions and individuals upon request. It is essential for financial institutions to know the borrowers’ creditworthiness before offering them credit.

So now you have a basic grasp on what CCRIS is all about and its function. So how you could get hold of this report without even going to BNM? Here we will show you some guidelines and procedures on how you could utilize the online platform to generate your CCRIS report, in other words how to generate your eCCRIS.

1. Register yourself at BNM
2. Search for CCRIS kiosk at BNM.
3. On the display at CCRIS kiosk, you will come to the homepage with an eCCRIS option after you had selected your preferred language. Click on the option of course if you want to generate your eCCRIS report.

4. You will be brought to a page that shows the submenu. If you are first time visiting the kiosk, click on the ‘Register User’ option.

5. You will be required to enter your identity card into the kiosk as well as undergo the biometric screening on your finger.

6. You will be required to key in your mobile phone number after the previous steps have successfully been completed.

7. Have a good look through on all the keyed in information. After confirming the accuracy of all your information, just continue.

8. You will receive a 6 digits pin number in your mobile phone which is required for future procedures on your desktop.

9. Go online and visit the website https://eccris.bnm.gov.my/ and click on ‘First-time login’.

10. Fill in all the required information including the pin number you just received.

11. You will be required to set your User ID, Email and Password for your new user account.

12. After you have done, you will be prompted back to the homepage and log in again using your new User ID and password.

13. You will be transferred to the homepage and click on the enquiry option shown at the menu bar. Click on the drop-down ‘Self-Enquiry’ option.

14. A disclaimer page will be shown and tick on the ‘I agree’ option and click on the ‘Report Enquiry’ option located at the bottom right of the page.

And that’s all the simple steps you need to go through to know your credit standing, outstanding credit, debt or loan status. You will save yourself time and effort to head to the bank and queue up just to get a paper report. Enjoy your eCCRIS online!

Contact Information:

OneWorld Real Estate Announces Core Values to Boost 2018 Game Plan

OneWorld Real Estate unveils core values for creating positive impact and improved performance organization-wide.

March 13, 2018 /PRWIRE.asia/ -- OneWorld Real Estate has always considered a two-way communication to be the foundations of a strong organization. To foster solid relationships among team members through building a shared culture and a community of the same belief system, they have determined their 4 core values that will be the driving force of their organization across all agents.

Aptly acronymed LPPD, OneWorld Real Estate designed these core values with their mission and vision in mind:

Loving – A loving heart should be the center of everything they do from intentions and motivations to actions and decisions. At the end of the day, love will guide a person to make the right call for the better good every time.
Passionate – Essential to the real estate industry, an agent needs to be passionate about what they do to be able to push boundaries and pull through despite all the low moments in their career. To be successful, a person needs to endure and not give up easily.
Positive – Attitude is everything and a positive one can lead a person out of dark times. A positive person is happier, more resilient, a better decision-maker, and performs at a higher level.
Disciplined – Successful people are those who make a habit of doing what unsuccessful people don’t like to do. The ability to live a good life is controlled by each person and with a strong discipline, one can always push through and move to a greater height.

Believing in putting people first, the company regards being inclusive in their strategy as a means to foster a team of incredible talents to deliver wonderful results. With that in mind, the company held OneWorld Communication and OneWorld Boot Camp on 10th and 19th January 2018 respectively, in order to further strengthen the communication between team members and the management.

Highlights on both OneWorld Communication Day and OneWorld Bootcamp are available below:

Founder and Executive Director Amenny Chua said, “Through OneWorld Communication Day and OneWorld Boot Camp, we take our internal transparency to the next level where both the management and agents can communicate themselves in a very open and friendly way. We unveiled a set of core values along with 2018’s direction, as well as gotten feedbacks from the team on the key strategies that we roll out at the beginning of the year. It’s a very fruitful session to help ensure that the strategies are working for everyone.”

OneWorld Real Estate also aspires to create a better future for all by grooming their team members like family and providing a support system to help the agents achieve their goals. The events help make clear that no agent is alone as there is always support, and every challenge can be solved as a team. By encouraging communication, the company is looking for more constructive suggestions in order to help everyone in the team to craft a career they want.

Ultimately the company is looking to achieve organization-wide alignment through communication. By helping every agent despite team and culture differences synchronize onto the same path, all members will grow towards the direction of the organization’s goals.

“We want to create a culture where everyone, even the junior agents, is able to communicate their ideas and questions comfortably and without prejudice. It’s about trying to help everyone to achieve their goals which would go hand-in-hand with organizational goals. And it’s also about providing ample support while they get there. Growing is never easy but together, we will make it possible,” said Founder and Managing Director Aine Lee.

Some highlights of OneWorld Bootcamp 2018:

About OneWorld Real Estate: OneWorld Real Estate is a Malaysian real estate agency that prides itself on leading the field in full spectrum of real estate services. The company envisions itself to be a pioneering and innovative trendsetting global real estate firm. From their headquarters in Kuala Lumpur, the company is expanding its international profile and transforming its mission and vision to respond to the future of the industry.

Contact Information:

Name: Nicholas Yim
Organization: OneWorld Real Estate
Email: marketing@1world.com.my

Wonderlist Property Celebrates Success of Embrace Charity With Fengshui 2018 Event

Wonderlist’s Embrace Charity With Fengshui 2018 event on 21st January 2018 was well received by over 100 attendees, with Prof. Joe Choo sharing latest tips on home and individual Feng Shui for success.

Kuala Lumpur, Malaysia, January 26, 2018 /PRWIRE.asia/ -- Wonderlist Property Sdn Bhd hosted a successful event at the Armada Hotel last Sunday, introducing the fengshui Master Prof. Joe Choo. She shared the outlook for the world and for Malaysia in the coming year, before discussing the best fengshui tips for the home and individuals.

The Embrace Charity With Fengshui event was held in partnership with Rumah Victory from Puchong as part of Wonderlist’s ongoing CSR efforts. The fengshui talk has successfully attracted more than 100 business influencers from the local area, and was sponsored by several organisations including Forest City, Reddoor Properties, Ancubic Capital, Sunsuria Berhad, and Slimming Sanctuary.

In addition to fengshui tips, each attendee were provided with goodies bags from sponsors. The event also featured two lucky draws sessions, with prizes including Fengshui books by Prof. Joe Choo, Slimming Sanctuary Packages, Angpao, and EziOwn vouchers.

Lucky draw winners brought home prizes besides fengshui tips from Embrace Charity With Fengshui 2018.

The event’s partner Rumah Victory, is a non-profit organization established to offer community services driving towards the eradication of drug abuse and addiction. This welfare-based organization aspires to offer a new hope for a victorious life to those who are misguided and in need.

Founded by Mr. Philip Mok in 1988, the initial mission of this organization was in drug rehabilitation. Seeing the broader needs of society, the organization established the Rumah Victory Drug Rehabilitation Centre, Rumah Victory Elderly Home, Rumah Victory Children and Youth Home to support wider groups of those in need.

Wonderlist Property CEO, Ray Chung explained, “We hope to help everyone to have a great 2018, hence we invited Prof. Joe Choo to share on some fengshui tips. But at the same time, we shall not forget the groups who needed extra support from us. Therefore, we are taking the event as an opportunity to invite everyone to join in our charity service for Victory Home. The donation drive will continue until the 1st of February, for anyone who would like to donate items to Victory Home, kindly contact 03- 93680019 for arrangements.”

Embrace Charity With Fengshui 2018 event highlights:

About Wonderlist Property: Wonderlist Property is a real estate startup based in Malaysia, founded by Ray Chung in December 2014. The primary objective of Wonderlist Property is to bridge the real estate affordability gap amongst first time home buyers, crafting solutions specific to each problem and need. Their aspiration is to see millennials be educated and to start planning their path towards their first home. For more information, please visit: www.wonderlist.my

Contact Information:

Name: Bernice Hing
Organization: WonderList
Website: https://www.wonderlist.my
Email: bernice.hing@wonderlist.property

(Update) One World Realty to Undertake Organizational Transformation With Three New Goals For 2018

One World Realty has redefined their focus for 2018 with three new primary objectives, creating a business focused on harnessing the potential of globalization in real estate.

Kuala Lumpur, Malaysia, January 18, 2018 /PRWIRE.asia/ -- Committed to constant evolution, One World Realty is upping its game in 2018 with new business goals, cultural transformation, and major shifts. Previously known as the Huttons One World, the company joined the Huttons Group to gain much needed systematic and strategic change. Now, however, the company has incorporated these advantages, and seeks to return to its initial focus on globalisation in real estate, returning to One World Realty. Besides the name change, there are many exciting developments for the company in 2018.

Their innovations are designed to evolve not just their own company but to revolutionize the real estate industry as a whole. They are starting the process of building a platform that will fulfill all the needs of professional agencies regionally, in addition to raising the standards of client experience for decades to come.

To achieve this, they have outlined three key focuses for 2018:

1) An Enriched Product Line. One World will continue to incorporate more high-end assets and has already secured the projects in the prime locations of the KLCC area, including The Luxe, Imperial Lexis, The Robertson and Oxley developments. In 2018, the team will have an international focus, with targeted markets including Hong Kong, Indonesia, and China. Meanwhile, they will also expand into mid-range and entry-level developments to provide professionalism to homebuyers at all scales.

2) A Commitment to Education. As a company with a social purpose, they are looking to create a knowledge enrichment center and new internship programs in collaboration with HELP University and the University Tunku Abdul Rahman. The objective is to produce the next generation of professional real estate talent. Their long-term goal is to establish a world renowned Real Estate Academy, for both professionals and the public, and to raise both the respect and reputation of the real estate agent by raising professional standards.

3) A New Kind of Recruitment Drive. The company seeks to use new-age recruitment method, staying away from conventional recruitment methods and the heavy emphasis on materialism. The company understands the generational shift toward a desire for positive impact, and will emphasize the opportunities to gain experience, exert influence and make a difference. Plans are in place to showcase aspirations from the leadership team, in order to attract like-minded new bloods with purpose and personality.

The company has made it their mission to offer a life career with family values, towards realising one’s dreams with integrity. Through the realization of the mission, their vision of becoming a pioneering and innovative trendsetting global real estate firm will be made possible.

One World is on the mission to offer a life career with family values, towards realising one’s dreams with integrity.

Highlighting the value of trust and morale, Founder and Managing Director Aine Lee has always believed in putting her employees and the customers in the center of their business. The company prioritizes in assisting negotiators with their advancement in both knowledge and integrity which helps them serve customers better.

Besides the quality and professionalism of the real estate negotiators, Aine also heavily emphasized on placing clients first.This is achieved through careful selection of reputable developers with quality projects.

“Many people may only buy one house in their whole lives. It is our job to be the bridge between developers and consumers with the common goal of building that perfect home and matching it to the right owners,” said Aine.

Commenting on 2018’s focuses, Amenny Chua, Founder and Executive Director of One World Realty said, “We are delighted to be able to commit to a new era in our evolution. We have greatly benefited from our association with Huttons, and now we can move on to solve other challenges that affect not just our business, but the whole industry. This is an exciting time for us, and we look forward to meeting the challenges ahead on the road to fulfilling and exceeding these objectives.”

Aine Lee (middle) and Amenny Chua (second from right) attended the Elegante International Business Award 2017/2018.

Find out more about One World Realty in the video below:

About One World Realty: One World Realty is a Malaysian real estate agency that prides itself on leading the field in full spectrum of real estate services. The company envisions itself to be a pioneering and innovative trendsetting global real estate firm. From their headquarters in Kuala Lumpur, the company is expanding its international profile and transforming its mission and vision to respond to the future of the industry.

Contact Information:

Name: Nicholas Yim
Organization: One World Realty
Email: marketing@1world.com.my

One World Realty to Undertake Organizational Transformation With Three New Goals For 2018

One World Realty has redefined their focus for 2018 with three new primary objectives, creating a business focused on harnessing the potential of globalization in real estate.

Kuala Lumpur, Malaysia, January 14, 2018 /PRWIRE.asia/ -- Committed to constant evolution, One World Realty is upping its game in 2018 with new business goals, cultural transformation, and major shifts. Previously known as the Huttons One World, the company joined the Huttons Group to gain much needed systematic and strategic change. Now, however, the company has incorporated these advantages, and seeks to return to its initial focus on globalisation in real estate, returning to One World Realty. Besides the name change, there are many exciting developments for the company in 2018.
Their innovations are designed to evolve not just their own company but to revolutionize the real estate industry as a whole. They are starting the process of building a platform that will fulfill all the needs of professional agencies regionally, in addition to raising the standards of client experience for decades to come.

To achieve this, they have outlined three key focuses for 2018:

One World is on the mission to offer a life career with family values, towards realising one’s dreams with integrity.

Amenny Chua, Managing Director of One World Realty explained, “We are delighted to be able to commit to a new era in our evolution. We have greatly benefited from our association with Huttons, and now we can move on to solve other challenges that affect not just our business, but the whole industry. This is an exciting time for us, and we look forward to meeting the challenges ahead on the road to fulfilling and exceeding these objectives.”

Apart from the new goals planned for 2018, One World Realty has also announced their vision to be a pioneering and innovative trendsetting global real estate firm. At the same time, the company outlined their mission to offer a life career with family values, towards realising one’s dreams with integrity.

Find out more about One World Realty in the video below:

About One World Realty: One World Realty is a Malaysian real estate agency that prides itself on leading the field in full spectrum of real estate services. The company envisions itself to be a pioneering and innovative trendsetting global real estate firm. From their headquarters in Kuala Lumpur, the company is expanding its international profile, and transforming its mission and vision to respond to the future of the industry.

Contact Information:

Name: Nicholas Yim
Organization: One World Realty
Email: marketing@1world.com.my

Best New Launch Property: Benefits of Condo & Service Apartment

Finding Condo & Service Apartment in KL & Selangor? We offer afforable new launch properties in KL and SELANGOR area. Call +(65)6 - 4849 985 for latest offer.

Kuala Lumpur, Malaysia, December 26, 2017 /PRWIRE.asia/ -- Properties are not only restricted to standalone houses which are very common during our grandparents’ age but as the world keeps developing at a fast pace, increasing numbers of properties developers are shifting their attention to building condominiums and serviced apartments.

What are condominiums and serviced apartments? Moreover, what are the differences between these two? Generally, condominium is a type of private residential building which contains a number of individually owned unit spaces and all the dwellings share ownership of commonly used areas. On the other hand, serviced apartments are categorized as commercial units which are fully furnished together with services like housekeeping, room service and concierge. Depending on the intention of the person, both accommodations have their own advantages and downside compared to normal houses. Condominiums are ‘residential’ and serviced apartments are ‘commercial’ with different laws, regulations and functions involved.

With the increasing number of condominiums and service apartment being the popular choices of accommodation for home dwellers, it is not hard to list the advantages of owning such dwellings.

-Very little or totally no outdoor work involved where condo and serviced apartment owners do not need to take care of the surroundings outside of their individual units like mowing the lawn, roof and wall repairs and even cleaning of the pool.
-Plenty of amenities or utilities could be used by unit owners for example gym room, swimming pool, sauna, tennis courts and more.
-The structure of the condo and serviced apartments are arranged in a way that gathers units owners together in a close proximity. This will knit the relationship among the community closer and form stronger bonding.
-Security is always the priority where there will be guard houses stationed along the perimeter of the condo and apartments’ surrounding. This will bring down the chances of criminal activities happening inside the community.
-For individuals who want to make a profit out of owning a unit space, the units can be either rented out or sold which are relatively easy to close the deal due to high demands.

Individuals especially young people who work in metropolitan areas are prone to stay in condo or serviced apartments due to the convenience provided where they could gain access to the various amenities in just a single location. The prospect of no outdoor work is involved also serves to attract potential buyers as they do not need to spend time and energy in taking care of the surrounding of their units. Besides, they will feel safer due to the heightened security as well as the number of dwellers who are also neighbours and could watch over each other.

With all these advantages and benefits of owning a condo or serviced apartments, it is not hard to start on planning to own a unit! Make sure to search for the best deals and understand the deals fully before making a purchase! bestnewlaunchproperty.com can provide the best advice that you need.

Contact Information: