A Singapore condo or condominium as some people refer to them usually involves a complex project involving the sale of multiple housing units. What sets a condo apart from regular apartments is that in a condo, you will have exclusive ownership of everything inside the walls of you house while you will have to share certain features outside your property with other residents like elevators, club houses, swimming pools, tennis courts, gymnasiums, etc.
Condos are among the most common housing types in Singapore. But do not for one second have the impression that all condos are the same. There are quite a few options as far as condos in Singapore are concerned and these options are so varied that they can cater to most market segments in Singapore.
At the top, you have luxury high end condos which are ideal for people with deep pockets. These condos are located in most prime locations in Singapore like Sentosa, Keppel Bay and Orchard Road. They stand out to discerning buyers who aren’t just looking for a house but want an exclusive lifestyle concept that fits their status perfectly. The developers of these luxury condos spare no expense to make sure that buyers can reap the benefits of the best quality in furnishing, fixtures and fittings. All amenities and facilities are top end as well. And in recent times developers have also started hiring world class architects to create designs which make their condos stand out from the rest in Singapore.
The next level of condos you can find in Singapore is the mid range. These condos are located in the fringe area of the city like Tanjong Rhu and Newton Novena. The main reason such projects gain popularity is because they are quite close to the main city which allows buyers to choose between using the facilities available in the complex or use facilities available in and around the city.
And lastly, there are mass-market condos which are located in suburban areas and have excellent communal facilities as well. This condos are the cheapest of the lot and usually cater to people that are looking at upgrading from public to private housing.
There is a special type of condominium available in Singapore known as the Executive Condominium as well. These condos are a mixture of private and public housing. The main purpose of such condos is to cater to young Singaporeans that want to live in private property but find the prices too high for comfort. There are rules that come along with these condos though which include minimum 5 year occupancy before you can sell to locals and a 10 year occupancy before you can sell to foreigners.
The Panorama is one of the latest luxury condo projects started in Singapore. It is located on Ang Mo Kio Avenue 2 and has all modern amenities which guarantee that give you and your family wide choice as far as entertainment, retail and dining options are concerned. If you’re looking for condos in Singapore, you shouldn’t give this one a miss.
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