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Actually a park is much more cost effective way to transform a property.
Condos are luxury apartments so not many people can afford them..
You gotta think bulldozing, plumbing, wiring, masonry, siding, and roofing. All that stuff costs thousands of dollars to secure materials for and to build/install them.
You can also dig a lake or pond with canals that go into a nearby body of water.
People do alot of recreational things at parks such as bike, jog, hike, fish, boat.