The real estate scenario of Singapore is changing with every passing day. One can notice several new condo launch in Singapore, which are bringing changes in the living standards as well as retail business. Yes, condominiums are contributing towards the change in the retail sector as well. The growth of the mixed residential commercial development projects is one of the several reasons. There are different new mixed residential commercial projects in Singapore, some of which are Tanjong Pagar Centre, Duo Residences, and Marina One.
To know more about the good points about the mixed residential commercial projects on retail outlets, let us throw some light on some of their advantages.
The benefits of Mixed Residential Commercial Condos for Retail Section:
Before we start looking at the various benefits, we would like to ask you to focus upon the relation of every point. Every benefit that we are going to mention below is related to each other and builds a chain of relation. Now let us start with them:
Customers or clients: What is the most important aspect for a retail outlet? Isn’t it to find a potential customer? Yes, it is, as it is the customers, who keep the business alive and make it grow. If you have a retail outlet at the mixed residential commercial development, you would definitely get potential customers although this would be a limited group. But, you can turn this to your advantage by understanding their preferences and getting the stock accordingly.
Profits: For getting the space at this type of condominium property, one has to pay big rent. When the space is costly, the products would also be costly, and this would mean that the profits would also be higher. But, to ensure that this works well,