The word of condominium itself is a combination of Latin, which is “con” which means together or joined, and dominium, which means ownership or control. From this meaning, it can be taken into account that condos are jointly owned buildings. In the meantime, if you’re looking for a good condo in Singapore, we recommend you check out the Pullman Residences.
The apartment is a vertical residence that the owner rents out to someone else. Residents have the right to live but do not have the right to rent or even sell it to others without the owner’s knowledge.
Meanwhile, condominiums are apartments whose functions are for sale and are owned by each occupant. The owner has the right to inhabit, rent, and sell it to others. Aside from that, we also recommend you to take a look at the Pullman Residences.
What is the difference in the shape of a Condominium building and an Apartment?
Although both are vertical dwellings, the shape of the building both has differences. The shape of the condo building is usually equipped with only two or three towers. While the apartment building is parallel to the other towers.
The facilities are different too. Typically, condos provide luxury amenities, such as a large swimming pool, fitness center or gym, spa, sauna, and others. While the apartment has limited facilities. That’s why buying a Pullman Residences condo can be a better choice than an ordinary apartment.
What is the Condominium management system?
If you own an apartment, you need to promote your apartment to tenants. Not with a condo. It’s because the function is indeed for sale, the management of this type of property is carried out more professionally by the building management. That’s why you may want to buy a Pullman Residence Newton condo for yourself soon.
In addition, the condo is usually already equipped with furniture or complete with professional interior design. It’s certainly very efficient, so you don’t need to bother buying furniture. In other words, after buying, the condo is ready to use. It’s very different from the apartment which can usually still be found empty.