Apartments come in all shapes and sizes. Some of the smallest can be found in China, where tiny apartments of 5sqm have been built with a very small bedroom, living room & kitchen. At the opposite end of the scale very large apartment complexs are now common, three of the largest include: Copan Building, (Circ 1966) with 1160 apartments and 5000 residents, LeLignon, Vernier Switzerland 2780 apartments and 6800 residents and D’Leedon, Singapore 1703 apartments. All three projects are mixed use with varied facilities, retail and associated restaurants.
The shared-economy is now a reality, for example for a few we share our homes, cars and parking. Many people also live in shared accommodation, a shared house with flat-mates is almost a right of passage through the housing market. In some ways a flat or house is similar to a car, there are times when it’s not used or empty. Now there’s a new idea emerging where a living room or bedrooms are available for an hourly fee that might also include snacks, internet access and a coffee bar. Taking that idea of a shared living room, you might be a busy professional or student who does not want or can’t afford a flat that’s empty for most of the day. So you rent or buy a smaller apartment and then access, on an hourly rate a modern fully-equipped living room. A comfortable space that you access for a few hours and then return home to sleep. Like other aspects of the shared-economy it’s a concept that’s gaining traction.
A New Home in Just One Day
A New Zealand based prefabrication company has recently promoted building a new pre-fab home in a day. The three-bedroom home by NZ housing development group Player Fletcher Living is helping to re-shape Auckland’s housing market.
The 170sqm home was constructed on-site between 7.30am and 5pm. The total construction time-frame compares favourably to a conventional-build standard of six to nine months. Panels for the home were made off-site, where it is understood the panels took a number of weeks to assemble before being taken to the site. The general use of prefabricated panels in home construction is generally credited as cutting construction times by 50% and may well help make home more affordable.
Pre-fab construction is also being widely used for high-rise apartment buildings. The world’s tallest building using a concrete prefabricated pre-finished volumetric construction system is currently being built in Singapore.
Strata Scheme By-law Review
Strata laws introduced last year require all schemes to review their by-laws by 30 November 2017. For lots of strata buildings, it’s time to organise a meeting of the owners corporation to review their by-laws (if schemes have not already done so since 30 November 2016). The aim of the review is to consider whether existing by-laws are still suitable or if changes are needed to benefit owners. Any new by-laws must then be registered with the NSW Office of the Registrar General within 6 months after the review has been endorsed by special resolution. Tenants must also be informed of any change in by-laws.
The Use of Social Media in Property Marketing
Social Media is easy to use and very popular with the real estate industry however, as we all know there’s a lot of information, news and events being shared and there’s only so much time in a day. So with over 90% of potential buyers using digital media to help find a home, when social is used the number one rule is to be relevant. Have something valuable and constructive to share. Another key point is to remember this is ‘social’ media so keep any content as local as possible in relationship to the property or project being promoted. And always with property it is essential to use high-quality photography and video content.