Condominiums In Singapore - The Totally Different Categories

Condominiums In Singapore - The Totally Different Categories

A Singapore condominium or 'Park Colonial Condo Price' briefly, is a posh project in which individuals models are sold. When you buy a unit in a condominium, you have particular person ownership of everything within the walls of the unit. On the identical time you may have shared ownership with the other homeowners of the common property such because the elevators, club house, swimming pool, gymnasium, tennis courts and other communal facilities.

A condominium is without doubt one of the most typical types of housing in Singapore. But not all condominiums in Singapore are the same. There is a huge range of options available to cater to completely different market segments of buyers.

At the high end, there is the luxury class of condominiums that cater to those with very deep pockets. Typically these are situated in the prime districts of Singapore, in areas like Orchard Road, Keppel Bay and Sentosa. They enchantment to highly sophisticated and discerning patrons who aren't merely looking to purchase a house but unique life-style ideas that befit their status.

Builders of luxury condos spare no efforts to make sure the homeowners will benefit from the best high quality when it comes to finishing, fittings and fixtures. Facilities and facilities are also top-end. Not too long ago some even interact the providers of well-known architects to create distinctive architectural designs and themes that deliver up the uniqueness of their projects.

Then there are condominiums belonging to the mid-tier range. These are typically situated near town fringes, in areas like Newton Novena and Tanjong Rhu. These projects are widespread resulting from their shut proximity to town centre where the business and entertainment hubs are and full services they provide. In addition they come with numerous sorts of themes that enchantment to profitable professionals and yuppies.

After which, there are the mass-market condominiums primarily positioned in suburban areas and likewise come with good communal facilities. Such condos normally have entry-stage pricing to cater to many patrons who aspire to upgrade from public housing to private property.

Singapore has a novel function here. Under the mass market condominium category, there is a sub-set of condominiums called Executive Condominiums (EC). An EC is a hybrid of public and private housing introduced by the government. They are priced decrease than private properties to cater to the affordability of these Singaporeans, particularly younger professionals, who aspire for private housing but find costs of private property past their reach.

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