Why is this project a Apartment not a condo? What criteria it failed?
Posted by Philip on Feb 19, 2011 in Condo Questions - Casa Merah | 699 Views
Latest Answers by Real Estate Professionals (2 Answers)
Answer Posted on Feb 21, 2011
An apartment or condominium is classified by its size. If the land area is below 40,000 sq ft, it is an apartment; above this, it is a condo. Hence a development may have full condo facilities, yet will still be classified as an apartment if the land size is below 40,000 sq ft. The reason relates to governance; condos, because of their higher resources are subject to a higher level of governance and scrutiny.
Hope this helps. James D Meyer R009042I Savills (Tel 90060711)
Hope this helps. James D Meyer R009042I Savills (Tel 90060711)
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