The Different Categories Of Condominiums Available In Singapore

Singapore condominiums or condos for short are complex projects in which individual units are sold. If you own a condo unit, everything in the apartment is yours. At the same, you share the ownership of all common facilities such as elevators and clubhouse, including the swimming pool, the gymnasium, the tennis courts, etc. with the owners. Visit this site Altura EC.

Singapore is home to many condominiums. Condominiums in Singapore do not have to be the same. A wide variety of choices are available for different buyer segments.

Luxury condominiums cater for the very wealthy. Usually, these condominiums are found in Singapore’s prime districts, such as Orchard Road and Keppel Bay. The properties appeal to sophisticated, discerning purchasers who do not just want to purchase a house but also want to experience a lifestyle fit for their class.

Luxury condos are built to the highest standards. Also, the amenities and services are top notch. Recent projects have engaged well-known designers to come up with unique architectural themes or designs.

There are also condominiums in the middle range. These condominiums are located on the outskirts of the city, like in Newton Novena & Tanjong Rhu. Popularity of these projects is due to proximity to business hubs and entertainment centres in the city center, and the full range of facilities that they offer. The projects are also available in a range of styles that will appeal to both yuppies as well as successful professionals.

Then there are mass-market apartments, many of which are located in the suburbs. They also have good facilities for communal living. The prices of these condos tend to be lower to appeal to buyers looking to make the move from social housing to private properties.

Singapore offers a special feature. In the mass market condo category there are Executive Condominiums. A hybrid between public and private housing, an EC was introduced by the Government. These properties are more affordable than those of the private sector to accommodate Singaporeans, especially young professionals who desire private housing.

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