You can escape to your little piece of paradise during your allocated time, indulging in the beauty and tranquility of your surroundings. Condo shares also often come with shared amenities, such as a communal pool or a clubhouse, where you can socialize and connect with other owners. On the other hand, condo shares involve partial ownership of a unit, typically through a time-share arrangement. This type of condo ownership is suitable for those who desire a vacation property without the year-round commitment. One of the defining features of condos is the presence of a homeowners’ association, commonly referred to as the condominium association.
- Condo owners are responsible for any maintenance or repairs needed within their units.
- The growing population of the city has made the rental market to be quite competitive, particularly in a certain location such as the central business districts and tourist hotspots.
- When you opt for a condo share, you become part of a group of owners who collectively own the property.
- Separately, there’s a 20% tax on rental income when leasing your condo.
Notable options include Jem, JTC Summit, Jurong Town Hall, Perennial Business City, The Strategy , The Synergy , Vision Exchange Tower, and Westgate Tower. SORA Condo’s proximity to nature significantly enhances living quality and experience. Residents can explore new parks, enhanced green spaces and waterways. The upcoming SAFRA Clubhouse in Choa Chu Kang Park will offer fitness options for residents. Tengah Town, near the condo location, is envisioned as a smart and sustainable living model.
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The growing population of the city has made the rental market to be quite competitive, particularly in a certain location such as the central business districts and tourist hotspots. Ikigai is a new luxury residential development located at Shrewsbury Road in the popular District 11. It has 16 lavish and spacious residences, ranging from one to three bedroom units.
2BR Unit For SaleTimeless beauty meets expressive heritage as we loom Rockwell Center’s latest foray, The Balmori Suites, an amalgam fitting for the community’s select few.
In contrast, a condo building is a building with separate unit owned by individual residents. Residents own and maintain the interior of their unit, but don’t directly own the property on which the building sits. There are many coop pros and cons to buying a co-op apartment. First, condos are usually more expensive than coops because cooperatives are older and they represent 70% of the market. Coops, however, can make up any rules they want and their shareholders must adhere to those rules. Under cooperative ownership, shareholders are generally required to occupy their apartments as their primary residence.