Which is suitable for residential buildings in Ke Qiao or commercial buildings in Hangzhou?

The housing in Ke Qiao has gone up once this year. I suggest a serviced apartment in Hangzhou, and the rental return should be far higher than that in Ke Qiao.

At present, there are 1 million serviced apartments in Hangzhou, which can be seen in the future science and technology city, downtown and riverside business district.

Buying a serviced apartment is not the same as a house. You'd better look at several properties and compare them.

I personally summarize the three elements of buying a serviced apartment for your reference:

First, a good location. Hotel-style apartments should try to choose areas with good growth potential, preferably rail transit, which is the most important factor to determine the potential of property rent increase;

second, control the total price. In addition to the core-level properties such as Wulin Square and Qianjiang New City, the total price of serviced apartments in other areas should be controlled as much as possible, which is directly related to the rental return rate;

third, the starting rental return of 4%. This is a relatively important indicator. If the annual rental return rate of the current period can reach 4% of the total price, it will basically be of higher quality.

Many people may ask that the rental return of 4% is lower than that of many wealth management products.

For students who ask this question, I think we should consider the following two questions:

First, the rent is almost increasing year by year, and the rental return rate may be above 7% after five years, but the return rate of wealth management products will not increase with time;

Secondly, serviced apartments are real estate after all. Although the overall increase is not as good as that of residential buildings, they are basically continuing to appreciate. That is to say, buying serviced apartments is a double return of rent and asset appreciation, while wealth management products have no asset appreciation function.