Branded residences associated with luxury hotels like Palace or Vida command a premium because of the perceived service quality and lifestyle. Residents often get access to hotel amenities like pools and gyms which adds value. However investors must…
Branded residences associated with luxury hotels like Palace or Vida command a premium because of the perceived service quality and lifestyle. Residents often get access to hotel amenities like pools and gyms which adds value. However investors must be careful about higher service charges. If the service charge eats too much into the rental income the net yield might be lower even if the capital appreciation and prestige are higher.
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