Originally Posted by
apple3
Hello! My 1ct worth.
Prior to answering, let me share the differences between the 2 on legal aspect. Someone do correct me if I'm wrong.
1. Any land size 45,000sqf and below residential property cannot be classifiy as Condominium.
2. Any condominium must have 6th storey and above.
3. Residential vs Recreational ratio on land must fulfill certain criteria.
4. Unit to Land ratio must also fulfill certain criteria.
5. Certain facilities is a must.
6. Lastly, any residential property attach to a shopping centre like compass height, centris, ion cannot be classify as condo regardless of the above mentioned fullfillment.
So sometime, you could have EVERYTHING a condo have yet be classify as apartment. I'm not going in depth on how it affect valuation unless you want further info.