I have a follow on question on Philip's question on the classification of condo versus apartment. Does that mean if a developmenet has a site of 40,000 and above, it will be automatically classified as a condo? Reason for asking is that the site of Casa Merah looks huge, so I will be surprised that it is actually less than 40,000 sq ft. Also, are the differences in governance really that significant? Where can I read about this? Thanks!
Posted by Andy on Mar 19, 2011 in Condo Questions - Casa Merah | 886 Views
Comment added by Andy - Apr 3, 2011
The rights of a subsidiary proprietor are spelt out under the Land Titles (Strata) Act. A subsidiary proprietor can inspect the books of accounts of the corporation by issuing a notice under section 54 of the Act, whereas an owner of a private apartment cannot inspect the accounts of the lessor.
A subsidiary proprietor can attend all meetings, both general and council meetings, can vote at general meetings and be voted into the management council, if he has paid his maintenance and sinking fund contributions at least three days prior to the meeting. As a council member, he can participate in the management of the estate and if he has sensible suggestions, he can get things done his own way if his suggestions are accepted by his peers.
The rights of a subsidiary proprietor are spelt out under the Land Titles (Strata) Act. A subsidiary proprietor can inspect the books of accounts of the corporation by issuing a notice under section 54 of the Act, whereas an owner of a private apartment cannot inspect the accounts of the lessor.
A subsidiary proprietor can attend all meetings, both general and council meetings, can vote at general meetings and be voted into the management council, if he has paid his maintenance and sinking fund contributions at least three days prior to the meeting. As a council member, he can participate in the management of the estate and if he has sensible suggestions, he can get things done his own way if his suggestions are accepted by his peers.
Comment added by Andy - Apr 3, 2011
A subsidiary proprietor cannot be denied of the use of the facilities of the estate without good reason, and can challenge the decisions of the management council at both the courts and the tribunal, known as the Strata Titles Board. For instance, if the management corporation passes a resolution that the interest rate for late payment of management fund contributions be x%, and that a subsidiary proprietor felt that x% is too high, he can apply to the Strata Titles Board to reduce the rate (section 98).
A subsidiary proprietor has a share of the surpluses in the maintenance and sinking funds such that should an estate be sold en bloc and the Strata Title Plan has to be disbanded, he gets a share of the funds according to his share value. Such rights do not exist in the case of the private apartment owner not under the scope of the Land Titles (Strata) Act.
(Above is quoted from a reliable source for information sharing purpose. The difference seems a lot!)
A subsidiary proprietor cannot be denied of the use of the facilities of the estate without good reason, and can challenge the decisions of the management council at both the courts and the tribunal, known as the Strata Titles Board. For instance, if the management corporation passes a resolution that the interest rate for late payment of management fund contributions be x%, and that a subsidiary proprietor felt that x% is too high, he can apply to the Strata Titles Board to reduce the rate (section 98).
A subsidiary proprietor has a share of the surpluses in the maintenance and sinking funds such that should an estate be sold en bloc and the Strata Title Plan has to be disbanded, he gets a share of the funds according to his share value. Such rights do not exist in the case of the private apartment owner not under the scope of the Land Titles (Strata) Act.
(Above is quoted from a reliable source for information sharing purpose. The difference seems a lot!)
Latest Answers by Real Estate Professionals (3 Answers)
Answer Posted on Mar 19, 2011
Hi Andy,
You may like to refer to this link:
http://www.ura.gov.sg/circulars/text/dcdrhb_d0e104.htm#d0e9635
To be exact, the minimum size is 0.4ha or estimate 43,055sqft
Hope I have answered your query
Rgds,
ZhiWei
Huttons Real Estate Group
CEA Reg No: R008382A
Mobile: +65 9758 4090
Email: lin.zhiwei.81@gmail.com
You may like to refer to this link:
http://www.ura.gov.sg/circulars/text/dcdrhb_d0e104.htm#d0e9635
To be exact, the minimum size is 0.4ha or estimate 43,055sqft
Hope I have answered your query
Rgds,
ZhiWei
Huttons Real Estate Group
CEA Reg No: R008382A
Mobile: +65 9758 4090
Email: lin.zhiwei.81@gmail.com
Reply from Andy - Mar 19, 2011
Thanks ZhiWei, this is useful!
Thanks ZhiWei, this is useful!
Answer Posted on Mar 20, 2011
Hi Andy & All
URA is the definitive source as posted by Zhiwei.
To summarise:
Apartments are usually on site of < 44000sqft. Owners own strata titles. Some aparments may come with a small pool but that does not make it a condo. With effect from 19 July 2005, foreigners are eligible to buy apartment regardless of its height.
Condominium are in min land size of 44000sqft. Owners are susidiary proprietors and own Strata Title and Share Value of common area (defined as common property) - pay maintenance fee according to the share value. Condominium is compulsory to form a Management Corporation to up keep the common areas.
Hope this clarifies & summarises further.
URA is the definitive source as posted by Zhiwei.
To summarise:
Apartments are usually on site of < 44000sqft. Owners own strata titles. Some aparments may come with a small pool but that does not make it a condo. With effect from 19 July 2005, foreigners are eligible to buy apartment regardless of its height.
Condominium are in min land size of 44000sqft. Owners are susidiary proprietors and own Strata Title and Share Value of common area (defined as common property) - pay maintenance fee according to the share value. Condominium is compulsory to form a Management Corporation to up keep the common areas.
Hope this clarifies & summarises further.
Reply from Andy - Apr 3, 2011
Thanks! It actually took me quite a while to read through the link to URA but I think I am still confused. I have yet to appreciate the difference between the governance, which I think if of paramount importance as a management corporation is instrumental to the proper upkeep of the property. So, I did a Google search and found several sites addressing this question but I found a link that explains it in the most user friendly manner:
http://www.entersingapore.info/find-a-home/Buyers-Guide.php
To me as a layman, I thought the difference is a lot especially considering the fact that one owns the common property and the other doesn't. All things being equal, shouldn't a condo worth more than an apartment? Happy to be further enlightened. Thanks Gurus!
Thanks! It actually took me quite a while to read through the link to URA but I think I am still confused. I have yet to appreciate the difference between the governance, which I think if of paramount importance as a management corporation is instrumental to the proper upkeep of the property. So, I did a Google search and found several sites addressing this question but I found a link that explains it in the most user friendly manner:
http://www.entersingapore.info/find-a-home/Buyers-Guide.php
To me as a layman, I thought the difference is a lot especially considering the fact that one owns the common property and the other doesn't. All things being equal, shouldn't a condo worth more than an apartment? Happy to be further enlightened. Thanks Gurus!
Answer Posted on Mar 19, 2011
Hi,
Regard to your question. Why not you just drop me an email at joe2ong@yahoo.com.sg or give me a call at 97834542
It is best you check with URA for accurate answer.
Rgds
Joseph DWG
CEA Reg No. R018889E
Shalom
Regard to your question. Why not you just drop me an email at joe2ong@yahoo.com.sg or give me a call at 97834542
It is best you check with URA for accurate answer.
Rgds
Joseph DWG
CEA Reg No. R018889E
Shalom
Reply from Andy - Mar 19, 2011
Yo,
"Regard to your" answer. "Why not you just drop" off from here and stop cluttering here with your standard template answers. You are not doing yourself or anybody favor here. I would be very surprised that anyone interested in an answer would contact you.
If you know the answer, post it here!!
Yo,
"Regard to your" answer. "Why not you just drop" off from here and stop cluttering here with your standard template answers. You are not doing yourself or anybody favor here. I would be very surprised that anyone interested in an answer would contact you.
If you know the answer, post it here!!
Ask a Question
Search Questions & Answers
Browse Questions by Categories
Advertising in PropertyGuru (321)
Condo Questions (5223)
Design, Deco & Renovation (67)
General Questions (3177)
HDB Questions (3192)
Home Buying (6313)
Home Financing (1100)
Home Selling (1372)
Investing in Singapore (473)
Living in Singapore (101)
Property Agents (786)
Property Legal Advice (470)
Property Market (592)
Renting Property (2778)
Using PropertyGuru.com.sg (181)
The rights of a subsidiary proprietor are spelt out under the Land Titles (Strata) Act. A subsidiary proprietor can inspect the books of accounts of the corporation by issuing a notice under section 54 of the Act, whereas an owner of a private apartment cannot inspect the accounts of the lessor.