Condominium or rental apartment
Condominium or rental apartment? If you are considering applying for a condominium in Singapore, it is important to remember that the property you are buying is either owned or leased. The main distinction is the legal responsibility for ownership. Ownership ownership means that the buyer claims ownership and title thereto. The buyer only pays back the home loan, not the monthly rent.Owning is more expensive than renting a home because you own the property for as long as you need it. Leases There are different types of real estate leases in Singapore: 99, 999 or 103 years. Once the lease has expired, the legal responsibility for the property lies with the public sector. The main benefit, however, is that the cost of real estate is often cheaper than owning it. Riverfront Residences Apartment Rent or Own? If your goal when buying a home is to stay there for at least ten or twenty years, you might consider co-o...