Finance

Aug 11 2017

Singapore Condos #dunk #tank #rental


#condos for rent in
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The New Singapore Condominium Directory

About Condominiums in Singapore

A condominium, or condo, refers to a residential home, usually a flat or apartment, which is individually owned while common areas are shared with each other. These common facilities may include things such as shared hallways, heating systems, elevators and laundry rooms.

In Singapore the term is used to describe larger, more exclusive developments. A building is only granted condominium status when the total site area is greater than 40,000 sq ft. Communal facilities typically have a BBQ area, gymnasium, and a swimming pool. Most will also have their own security guards.

Aside from the communal features, condo developments boast a variety of individual residences which may include studio units, penthouse units, individual houses or multiple-room units.

Organisation

Every owner of a unit within a condo automatically becomes a part of a condo association. The condo has an elected board and members can vote for who serves on the board or stand to serve themselves. The board liaise with the condo management on issues such as maintenance and services and represent the condominium’s community as a whole. Owners will pay a monthly fee for maintenance of the property, infrastructure and surroundings.

Covenants, Conditions, & Restrictions

The Condominium Covenants, Conditions, & Restrictions (CC


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