This Is the Difference Between Flats, Apartments, and Condos

Vertical occupancy is a solution amid limited land. There are several terms that describe vertical occupancy so often create confusion. One of them is the difference between flats, apartments, and condominiums? In order to understand more about the property, let’s read the explanation below. Aside from that, check out the excellent Bukit Timah Collection.

Flats

The definition of flats is a multi-story building in an environment that is divided into functionally structured parts, both horizontally and vertically and is units that can be owned and used separately, especially for residential areas equipped with shared parts, shared objects and shared land. In the meantime, take a look at Bukit Timah Collection if you’re looking for a good condo.

In its development, people know a flat as a multi-story residential for the lower middle class. Flat also divided into two, namely:

Simple Owned Flats

In Simple Owned Flats, users must first buy from the developer. Developers often use the term subsidized apartments for Simple Owned Flats. On the other hand, perhaps you need to see Bukit Timah Collection as well.

Simple Rental Flats

In terms of physical appearance, the building is more or less the same as Simple Owned Flats. The difference is, to occupy a Simple Rent Flats, users rent from the developer. Meanwhile, you might also want to see Bukit Timah Collection.

Apartment

The apartment is a residence consisting of a living room, a bedroom, a bathroom, a kitchen and so on which is located on one floor of a large and luxurious multi-story building, equipped with various facilities such as a swimming pool, fitness center, shop, and others.

Condominium

The definition of the condominium is a large, luxurious, multi-story building that is leased; apartment. So in practice, owners of condominium units have the right to do anything, for example renting or selling to other people. This means that condominiums can be an alternative investment, while apartments are more residential. Moreover, there are currently many housing loans that are provided by various financial services for those of you who want to have their own housing.