SOHO, SOFO & SOVO
What Buyers Need To Know Before Buying SOHO, SOVO and SOFO?
1. Loan terms
First is the loan terms. As they are built on commercial land, SOHO, SOVO and SOFO are subjected to commercial loan terms. Generally, it is not favourable to an ordinary house buyer as the loan amount is much lower compare to those of housing loans. To know more, you can check out this article from Loanstreet.