Debunking property myths: How much does a 'bad' condo view really cost you?

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When it comes to property investments, certain preconceived notions often dictate our decisions, even before we delve deep into the details. One such popular belief revolves around properties facing undesirable landmarks, like the power station, or the internal substation, and their potential impact on investment returns. Tell an investor that a property with such a view fetches lower gains, and...

In theory, developers would charge less for stacks or units with worse views . If units are priced lower, there should be more room for gains.

As for comparing resale-to-resale numbers, the volume of transactions is too low to draw any clear conclusions.It shows we take for granted something that can’t easily be proven. Almost everyone agrees that a worst facing or view is bad for property value, but we saw nothing in the gains that reflect that.

This is especially true of investment-driven buyers, such as landlords , or those who are buying because they believe in en-bloc potential.

Source: News Formal (newsformal.com)

 

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