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5rm hdb for sale at central toa payoh, $1


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3 bedroom high-floor, bright spacious breezy unblocked. just renovated. full condo facility, $1


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$7/Sq.Ft Residential Plots With Gated Community, $7





Singapore Condo




Singapore condo or condominium is classified under non-landed property. Reason being, there are restrictions of foreign ownership of landed properties, particularly with the limited land resources that Singapore has. And unless there is special approval, no foreigners can own landed properties (except Sentosa Cove). As Singapore condominium are not considered as restricted properties, foreigners are eligible to purchase.

Condo in Singapore are strata-titled properties, meaning owners own the airspace exclusively and have a certain percentage share in the common property. So each owner must pay an amount to the management and sinking funds to the non-profit Management Corporation for the maintenance of the common property, i.e. swimming pools, gardens, etc. Amount payable will be base on share value.

Singapore Condo

Unlike flat developments, Singapore condo development requires a larger land area and should be at least 4,000 sq m / 43,056 sq ft and must be approved and accorded the title of Condominium by the relevant authorities. The communal facilities are under the common ownership of the residents and are provided for their enjoyment. The residential units are only allowed strata subdivision. In larger sites, the building height of condominium flats may vary among the various blocks of flats. The development could comprise a mix of 4 storeys low-rise blocks and high-rise blocks of 30 storeys and above subject to the allowable height limit. For small sites, there could be only space for one apartment block up to the allowable height, but with generous provision of communal and recreational facilities.

Like other flat or apartment, Singapore condo flat is allowed in mixed housing areas zoned residential in the Master Plan or Development Guide Plans. They are not allowed in areas designated for bungalow, semi-detached and mixed landed housing.

What is Strata Title ?
Before introduction of strata title, high-rise developments are constructed and sold on long leases and does not provide titles to individual unit owners. Strata title was introduced under the Land Titles (Strata) Act in 1968 to provide legal recognition of airspace with a building structure as land which is capable of separate dealing and recognition.

What is Share Value ?
Each Owner of a strata development has a share in the development as a tenant-in-common of the common property in the strata development. In other words, they share the common property according to their ownership share. The share value will determines the voting rights of owners, quantum of the share in the common property and amount of contributions payable to the management corporations. The calculation of share value for purely residential developments is based on 50m2 intervals of strata floor areas as follows:

Strata Title Share Value
Floor Area Share Value
50m2 & below
5
51-100m2
6
101-150m2
7
151-200m2
8
201-250m2
9
251-300m2
10

What is Management Corporation (MC) ?
With the introduction of the strata title registration, high-rise condominiums and multi-owners developments have become popular. In order to enable the many owners to collectively manage their developments, the Land Title (Strata) Act provides for the formation of a management corporation or an association of owners to manage the completed development. The main function of the management corporation is to control, manage and administer the common property.


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