Condos with large land plots are becoming a thing of the past. Be it because of capitalism, or the lack of space such that we have to maximise every square inch of land, older condos are slowly disappearing from our land. Despite their dated facade, their more spacious layouts and generous land plots are something that’s getting increasingly harder to.
We've been covering monthly condo gains and losses for the past few months. Last month, we found that condo units that earned at least a 200 per cent gain in April 2023 were held for at least 15 years. On the other hand, 32 condo units were sold at a loss in the same month. Last week, we focused on.
Even as the pandemic is tapering off, one lasting effect is that it has helped to redefine our relationship with our homes. It's a trend that still seems to be going on - the search for larger living spaces. Moving beyond the simple equation of four walls and a roof, people are yearning for more - space for a home.