The Glades Tanah Merah Singapore Condominium

A Singapore condominium or 'condo' simply speaking, is a complex project where individuals units are sold. When you purchase a unit in the condominium, you've got individual ownership of everything inside the walls of the unit. Concurrently you've shared ownership with all the other those who own the most popular property like the elevators, club house, swimming pool, gymnasium, tennis courts as well as other communal facilities.
The Glades Tanah Merah Singapore Condominium

A condominium is among the most typical types of housing in Singapore. Although not all condominiums in Singapore are the same. There exists a number of possibilities to cater to different market segments of buyers.

In the high end, there is a luxury form of condominiums that focus on individuals with very deep pockets. Typically they're based in the prime districts of Singapore, in areas like Orchard Road, Keppel Bay and Sentosa. They interest highly sophisticated and discerning buyers who aren't merely wanting to get a home but exclusive lifestyle concepts that befit their status.

Developers of luxury condos spare no efforts to be sure the homeowners will love the best possible quality with regards to finishing, fittings and fixtures. Facilities and amenities will also be top-end. Recently in which engage the services of well-known architects to produce distinctive architectural designs and themes that bring up the distinctiveness of the projects.

There are condominiums of the mid-tier range. These are definitely located close to the city fringes, in areas like Newton Novena and Tanjong Rhu. These projects are popular due to their closeness for the city centre the location where the business and entertainment hubs are and full facilities they offer. In addition they include several types of themes that appeal to successful professionals and yuppies.

And then, you will find the mass-market condominiums mainly situated in suburban areas and in addition include good communal facilities. Such condos normally have entry-level pricing to cater to many buyers who wish to upgrade from public housing to private property.

Singapore includes a unique feature here. Underneath the mass market condominium category, there's a sub-set of condominiums called Executive Condominiums (EC). An EC can be a hybrid of public and private housing designed by the us government. They are priced less than private properties to cater to the affordability of those Singaporeans, specifically young professionals, who aspire for private housing but find prices of private property beyond their hands.

But there are particular rules and restrictions managing the ECs, including a 5-year minimum occupancy period by the owner before they are permitted to sell it inside the resale market. And so they is only able to target foreigners after Ten years.

Knowing the different categories of condominiums in Singapore will help you define your research for that condominium home that suits you most. You'll not need to waste time considering those projects that don't be practical. Should you be looking to buy a new condominium, it will always be an easy task to tell which category it is assigned to by its designated location and exactly how the developer advertise the work.

The Glades Tanah Merah Singapore Condominium

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