Mixed development condominium refer to condominium which is integrated with commercial activities in the same development. An example of a mixed development condominium is usually represented as a development with residential units being built on top of shopping malls, providing the residents with unparalleled convenience. Who wouldn’t want to be able to just take a lift down and be able to access a huge variety of shopping and dining options without having the need to be exposed to the elements?
While such developments are indeed attractive in the offerings, they often also warrant a price premium as compared to the other developments in its vicinity. That got me thinking- are mixed development condominiums worth the price premium? By that, I mean does the price premium placed on these mixed development condominiums translates to better price appreciation from the investing point of view?
That’s exactly what I like to explore in this article.