Pros And Cons Of A Mixed Development

As land in the city becomes scarce, it is only normal for high rise developments to take their place as the dominant housing product in the market. In fact, many developers are touting mixed-developments which often involves a residential component integrated into the retail at the bottom. But does this work

Convenient, but no

Life is certainly made easier for residents who live right above a shopping mall in a mixed development. Keep your car keys. All you need is a pair of shoes to get from home to the grocery store just several levels below.

But here comes the problem.

The retail element draws not only residents in the building but also outsiders looking to make their purchases. The increased foot fall also translates to heavier traffic around the development, assuming that the road infrastructure is inadequate. If you are not a fan of traffic jams, then perhaps a development solely made for residential purposes will suffice.

So many strangers

As stated, the retail component of a mixed-development draws in visitors from near and far. That means more strangers moving about the development, which is completely fine as long as they don’t make their way up to the residential units.

So if you are looking to buy a home in a mixed development, be certain that security is a prime feature. Card access, CCTV, lobby and security guards should be present to ensure the visitors linger at the retail component, and no further.

With that said, not all mixed-development will be a dream come true to the prospective home buyer. At HCK Capital, we understand the various interacting elements that make a mixed-development great. So if you are looking for a home in an exemplary mixed-development, then look no further than our education city series.