Visually, most homebuyers determine the classification through the scale of a project, or by checking if this development has an integrated facility. Over the years, apartment projects have matured, with developers having new facilities to add on the spice, visuals will no longer be an accurate gauge.
While the definition of a condominium is pretty similar to what an apartment estate consists of, the key difference lies in the total land area of a condominium development which needs to be at least 4,000 square metres or larger.
There are no restrictions on foreigners-purchase for both apartment or condominium, but if you’re looking for a more affordable entry price, apartment usually cost cheaper than its condominium counterparts.
We hope this article gave you an insight of apartment vs condo and not confuse them as the same entity. Have more questions on real estate? My name is Jen Tan, feel free to pop any questions in the comment section below & we will get back to you soonest!