I like to come home with car park in front house. Easy to access. Can plant tree, flower, can put a swing chair enjoy greenary, can hold gathering outside the house, play fire cracker outside the house.
yes, definitely.
I think a lot focused too much on the "benefits" for condo/apartment.
but they may have neglected the risk/negative side of it...
if want to name it... there are tons of them (purely personal opinions)
1) difficult to move house, due to restriction of lift size etc.
2) difficult to bring home stuff from supermarket etc... car cannot park in front of house like landed
3) maintenance fee is high monthly plus the sinking fund as well.
it is nice to have facilities e.g. gym equipment, swimming pool etc. but they are just simply too difficult to maintain, also most people are inconsiderate. they may not take care of all these facilities..
when time goes by, all these nice facilities will become old, spoiled, dirty etc. it costs a lot of money to maintain them well in long run.
4) due to the high maintenance fee, it is hard to ensure all residents pay the fee. eventually part of the residents will pay for those who do not want to pay...then they will feel unbalance, eventually cannot sustain due to the lacking of funding, all the facilities will just simply turn bad. it is difficult to sustain in long run.
5) apartment/condo unlike landed property, it need high level of cooperation from all the residents. without good management and also importantly good residence, when the apartment/condo turns old, facilities turn bad, the resale value also dropped, if seriously bad, resale maybe even a big issue. It is easier for one to take care of their own landed house.
6) rental yield maybe high, but was offset easily due to the lower capital appreciation as well.
and there are many many more....