The real estate industry of Singapore is going through one of its most exciting times. A large number of residential, commercial, and industrial properties are being developed across every turn and bend of this great city. Among these various types of properties, the residential properties seem to enjoy the maximum preference and priority over the others.
These properties include full and semi-detached private homes, flats, apartments, and condominiums. There are also a number of high-end luxury homes that can only be afforded by the super-rich people in the city. However, among the different residential properties mentioned here, condominiums appear to be the ideal residential properties for accommodation. You can find Singapore luxury condo for sale at SG Luxury Condominiums & Apartment.
Now, there are different types of condominiums to be found in the city-state of Singapore. This differentiation can be done in the form of size, location, prices, features, etc. It is important for a buyer to be aware of this differentiation before they put their money behind one of these properties.
The first of these condominium types consist of the executive condominiums or the ECS in the city. These housing structures are developed by the Housing and Development Board of Singapore and are only available for purchase among the citizens of the city. Now, these condo units are the cheapest in the city, but there are a number of rules and regulations that are applicable for their purchase and use. They offer great facilities at economical prices, but the restrictions forbid many interested people from buying these properties.
The second group of condominiums comprises the private budget condominiums like the NorthPark Residence developed by private developers. These condominiums offer a wide array of facilities to residents and can be purchased by anybody who can afford them. The price tags of these condo units are reasonable but vary from each other owing to a few important factors like location, size, interior designs, facilities within the complex, etc.