UNVEILING THE FINAL TOWER
of The Vesta Residences
in Setiawangsa

Types of Property Buyers: Which Type Are You?

The First-Time Buyers

There dream of owning a home for the very first time in life is definitely a big motivation! So, if you are recently married, starting a family or a single buyer, you have probably been envisioning a future with a new home to kick start a new phase in your life. The first-time buyers are usually young professionals or couples, who are transitioning from renting to owning.

The Downsizers

There There are a number of reasons for downsizing. These buyers could be selling their larger properties to free up some money for better financial management; looking for a simpler life with a more manageable property of lower home maintenance; or driven by lifestyle changes such as retirees living on their own. Interestingly, the downsizers category might fit the mindset of starting small with affordability in mind. Also, there are people who do not need a big space to live in due to travel and other reasons. Some may treat it as a second home. A smaller unit is usually easier to rent it out to someone.

The Upsizers

An extra bedroom means the whole world to a growing family! Upsizing is a norm as you anticipate the arrival of a new baby, when you get a pay rise, start making more money in your business, or need more space for storage. Either way, upsizing to a bigger space gives you more flexibility to live the lifestyle of your pursuit. Upsizing usually comes with access to bigger and better amenities. And of course, a bigger property translates into higher home value.

The Relocation Buyers

Relocators are individuals or families who are moving to a new city or region due to work, lifestyle changes, or other reasons. They prioritize factors such as a stable neighbourhood, proximity to work, schools, living amenities, potential for growth and so on. You could be landing yourself a new job in a new place and moving to a new area for better prospects can be an exciting journey.

The Investors

Property investment has long been a popular avenue for growing wealth. There are generally two types of property investors – those who buy and sell homes through price appreciation, and those who buy properties for rental income. Apart from professional investors, high net worth individuals, businesspeople, high-income earners and those with extra money are among them. Location, accessibility, connectivity, living amenities, shopping and retail conveniences are among the key considerations.