A Condo simply refers to a project from which single units are purchased. The moment you a purchase a single unit within the condo individual ownership of all things inside the four walls of that unit is transferred to you. You will however still have shred ownership with the other residents of the condo if things such as the tennis courts, gymnasium, swimming pool, club house, elevators and all other communal facilities. On the high end, the luxury class of condos is available. These meet the needs of those individuals who have very deep pockets. Commonly, these are found in Singapore’s prime districts which include regions like Sentosa, Keppel Bay and Orchard Road. They mostly attract discerning and very sophisticated buyers who apart from searching or a home to purchase are also looking for exclusive lifestyle concepts that match up to their status. Those who develop these luxury condos put all their effort into this development to make sure that the homeowners will have the best quality in terms of fixtures, fittings and finishings. They also come with top end amenities and facilities. Lately, a number of them have been enlisting the services of famous architects to come up with distinct architectural themes and designs that will show how unique their projects are. There are also the mid-tier range condos. These are commonly found close to city fringes in regions such as Tanjong Rhu and Newton Novena. These projects happen to be very popular owing to their close location to the city center where entertainment and business hubs are located and also because they provide complete facilities. They are also available with a various types of themes that attract yuppies and successful professionals. There are also the mass market condos that are typically found in suburban areas and have very fine communal facilities. These condos are usually available at entry level pricing to attract a large number of buyers who would like to move from public housing to private housing. Under this specific category is a subset of condos that is known as Executive Condominiums, EC in short. This is a hybrid of the private and public housing that was brought about by the government. They cost much less than the private housing and they meet the budget need of the young professionals and other citizens of Singapore who would like to get private housing but are restricted by the costs. If you also wish to buy premium property in Singapore, you do not need to look out anywhere more. Check the latest Duo residences which has becomes the craze in Singapore real estate.
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