Affordable for young and first-time home buyers, as well as practical and convenient, Connext Condo is and eight-story community concept with professional sport and leisure facilities, which is proving a winning feature.
Connext Condo is the first condominium project by family-run residential real estate developer, Phuket Thanee, which has branched out from conventional mixed-use communities under second-generation management after about 10 years in the property business.
Affordable for young and first-time home buyers, Phuket Thanee Executive Director Sales & Marketing, Ms Peeraya Teowattanakul, said the eight-story community concept comes with professional sport and leisure facilities, which is proving to be a winning feature.
“Most of the buyers are aged 30-35 years old. The mix-and-match concept of ‘Life, Work, Play’ with an Olympic length swimming pool and world-class leisure and fitness facilities on the doorstep appeals to today’s generation of home buyers, as does the affordable entry price,” she said.
– See more at: http://www.property-report.com/phuket-sport-condo-draws-young-buyers-31127#sthash.3MGSHv5D.dpuf
Additionally, the law prescribes that any form of business done within the condominium building be situated in such a way that it would not disturb the peace and tranquillity of the other co-owners. Furthermore, an additional entrance is required to be kept separate for the exclusive use of these businesses.
As an added measure of protection, the duty of paying taxes, common service expenses, and common maintenance of unsold condominium units has now been delegated by the law unto the developer. This measure has been enacted in order to prevent the pernicious practice of expending a condominium’s maintenance fund in order to answer for expenses and fees incurred by unsold units. A condominium owner has the right therefore to resist any attempt on the part of the condominium to collect fees or resort to the maintenance fund in order to pay for these kinds of expenses.
Is There a Silver lining amid COVID-19?
Thinking of the future impact of this pandemic on office buildings, it may have already dawned on many of us that a majority of potential long-term trends and health measures will become permanent work-life features in the times to come.
The time is ripe to embrace Industry 4.0
Traditional brick-and-mortar retail has suffered tremendously, as countries have been implementing effective stay-at-home and social distancing policies to mitigate virus spread, while those worst hit have enacted strict draconian lockdowns
We have entered a time where, seemingly, interconnectedness is the new enemy, staying in is the new going out, and antisocial is the new social. COVID-19 has brought us on the cusp of growing accustomed to new norms and sounded a wake-up call in terms of how we live.
Covid-19 puts flexible space markets under strain
In the wake of operator defaults, landlords will be forced to re-evaluate the role of flexible space in their portfolios.
The global Covid-19 outbreak has had serious negative effects on commercial real estate, including flexible space. Of late, many operators have experienced the flexible nature of the business working against them, as many occupiers have opted to surrender desks and implement work-from-home plans.
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