What types of apartments are there?

Abstract: Apartment is the most extensive form of commercial real estate investment. Apartments can be generally divided into three types according to their uses: ordinary residential apartments, commercial and residential apartments and serviced apartments. What is the difference between an apartment and a house? Apartment-style residence was originally imported, which is more economical and practical than single-family villa. Let's take a look at the types of apartments, as well as the classification and characteristics of apartments. What types of apartments are there? What are the characteristics of different types of apartments?

What types of apartments are there?

Lease type

It is rented to tenants (Tenantoccupied), so this apartment can be called a serviced apartment.

Live by oneself

If it is a self-occupied apartment, we call it Condo or co-op, and each unit of Condo apartment belongs to different owners and has independent property rights. The unit users of the cooperative are equivalent to the shareholders of the company. Obviously, to define what an apartment is from the perspective of commercial real estate in a broad sense, we only refer to five or more buildings with RentalUnit, not Condo or Coop. Although some people buy apartments or cooperative apartments for rent, it is just like buying two apartments for rent, but it is not a commercial building.

mixed type

There are mixed feelings. There are usually some commercial offices, shops, doctors' clinics and so on. The other part is an apartment or cooperative apartment. In addition, according to the structure and types of apartments, we can also divide them into small apartments, garden apartments and high-rise buildings.

What are the characteristics of different types of apartments?

Residential Apartment

Nature of land use: generally residential.

Type of property right: apartment

Term of property right: 70 years

Features: Small apartment area, 30~60 square meters, well-decorated delivery standard, ready to move in with a bag, complete supporting facilities, property management providing extra quality services higher than ordinary houses, and the sales price is generally higher than the overall level of the region.

Business Apartment

Nature of land use: generally comprehensive land (commercial and residential) or commercial land.

Type of property right: business apartment

Property tenure: 50 or 40 years, depending on the nature of land use.

Features: generally located in the core area and business center of the city, it can live and work, has the function of office building, and can register companies in some cities.

Compared with office buildings, the price is relatively low, with the minimum down payment of 50% and the longest mortgage 10 year. Property rights are business apartments, not pure office buildings.

serviced apartment

Nature of land use: generally commercial land.

Type of property right: apartment or business apartment

Term of property right: 40 years according to the nature of land use.

Features: the area is small, the main apartment is mainly below 90 square meters, the decoration level is high, and it is mostly located in the downtown area of the city and around the business circle, with convenient transportation. The external and internal design of the building is carried out according to the facilities standards of star-rated hotels, which reflects the grade and comfort. Generally, it is mainly rented, not sold. Most of them employ internationally renowned brand property management companies, and professional hotel management groups provide professional, meticulous and scientific hotel-style services, so property management fees are also high.