Good morning HJ,
The main difference is the land size of the development. To be eligible under condo status, the development must be at least approx 43,000 sqft. If not it will usually classified as apartment.
But nowadays there are not much difference between both of them cause apartment will have most facilities offered by condo just probably there's no tennis court.
As for the valuations, it really depends. I usually obtain fair valuation from various banks, some might want to obtain the highest valuation in order to show that their units might be a value buy.
For instance:
market valuation: $1m
highest valuation: $1.1m
Like that its about 10% below valuation.
I noticed you are looking at properties in core central region and I have been helping my clients and friends to check out CCR as well. Perhaps we can meet up over a cup of coffee to discuss and explore your options and see option suits you the most.
Hear from you soon!
- Your Leasehold Ally, Freehold Tactician -
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Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Senior Associate Marketing Director
R043025D
Propnex Realty Pte Ltd
Estate Agent no. L3008022J
Blk 480 Lorong 6 Toa Payoh, #10-01/11-01 HDB Hub East Wing, Singapore 310480
(M):
+65 9111 5171
(E): yt.tan91115171@gmail.com
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