What are the basic differences between apartments and condos in Singapore?


  • admin

    What are the basic differences between apartments and condos in Singapore?


  • admin

    A person is known by the status of his living, so if you are new in Singapore and looking for a pleasant place to live in, the service apartment or the condos for sale in Singapore are the best and most convenient option for you to avail. Service apartments and condos are almost the same kinds of private housing, although condos will often come with a few more high-end appliances and upgrades. But there is a distinct difference between an apartment and a condo mainly is ownership. Here we will discuss the primary difference are as follows;

    • As condos are owned by individuals, and the owners have the right to change the interior and exteriors of their condos at their discretion. Alternatively, apartments are usually owned by more than one person so that they can rent their units as per their requirements. For that reason, the renters of apartments are not allowed to change any features related to the interior or exterior of that property.
    • Apartments are leased to tenants for a pre-designated time, while condos are owned by individuals who either live in them or rent them out to others. So the apartments are available only under the lease, while condos can be owned and resale.
    • Also, condo owners usually pay homeowner association fees to share the costs of maintaining the joined living structures collectively. At the same time, for an apartment, all such charges are included within the rental amount.

    The bottom line:
    As per the housing rules of Singapore, foreigners cannot purchase any public housing options, so for them, the private apartments or condo for sale in Singapore is the prime option to avail. Many of us need to stay far from our homeland for our job or business purposes. Now if you are in Singapore for your occupation purposes, then you should follow the points mentioned above, to search for a place for a pleasant stay in Singapore.