5 Benefits of Living in Condominium When there is More Than One Building

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Investing in Pasir Ris 8 is one of the most important decisions you’re going to make in life, that’s why you have to be very careful when choosing the property that will be your family’s home for a long time.

Currently there are many housing developers who build under condominium regimes, but…

 

What does it mean to live in Condominium Regime?

Pasir Ris 8 condo is the group of apartments or homes built vertically, horizontally or mixed for housing use and belonging to different owners, who have exclusive ownership rights over their unit and a right of co-ownership over the elements and common areas necessary for proper use or enjoyment.

For the establishment of the Property Regime in Condominium it is necessary to present to the authority the licenses related to urban development, in addition to mentioning the location and dimensions of the same, as well as a description of the departments and pointing out the percentage that each represents in relation to all development.

The application of an internal regulation and the obligations of the Pasir Ris 8 condo in order to guarantee the fees of the property maintenance fund shall also be annexed. This regime may be extinguished by agreement of the condos themselves, which must be recorded in public deed.

To live in condominium, it is necessary to know the concept of community, because where there are many people there are different options from which you must take advantage of the good and above all the most sensible. What is missing is convincing ourselves that a good condominium depends on the work together and the responsibilities of all residents.

 

Here are 5 benefits of living in condominium and all this can offer you:

SIMPLIFICATION OF MAINTENANCE AND PROPER CONDOMINAL MANAGEMENT

There is an administrator and commission committee not only on the issue of maintenance of all indoor and outdoor common areas, but also to be covering the payment of general services such as, lighting service, trash, security and surveillance, etc., which are included within the monthly neighbourhood fee and other attributes that the same condominiums implement for condominium improvement.

That is why the importance of all Pasir Ris 8 condo complying with the timely and timely payment of monthly and/or extraordinary maintenance fees.

SECURITY FOR YOUR FAMILY

Condos offer greater security than houses in colonies or even regular buildings. Since generally to enter one of the buildings that make up it, it is necessary to enter through a front door that technically have access booths or gates managed by electronic service and that only residents have enabled access systems. Also, because it has different common spaces and being places of coexistence, it is very likely that it also has security cameras. Finally, living in a building is safer because you are surrounded by neighbours, who, in some way or another, can alert people if anything happens.

QUALITY AND LIFESTYLE

In addition to having access to all the comforts of your own home, living in condominium also gives you access to common areas for adults and children. Therefore, condos are an excellent housing option for families, where you can socialize with neighbours and live-in community.

SPACES TO SHARE

Some condos have benefits that are sometimes not offered by regular houses or buildings, such as gym, party room, sports facilities, gardens, interior corridors, guest parking lots, among others.

EXCELLENT INVESTMENT OPTION

The security offered by a real estate investment is unparalleled. Investing in Pasir Ris 8 is usually a safe investment, as real estate is assets that always generate capital gains over time.

Unlike a colony or single house, a condo offers privacy for you and your family, which is very important to everyone. Living in these places will give you the freedom to exercise freely, that your children can play safely and in green areas, decide who enters your home or not and be in a safe environment 24 hours a day.