On **PropertyGuru**, projects are typically classified as **"apartments"** or **"condominiums"** based on a few key criteria that distinguish the two types of properties:
1. **Ownership and Facilities:**
- **Condominiums**: These are generally residential developments that come with shared amenities and facilities like swimming pools, gyms, security, and sometimes, concierge services. They are often privately owned and come with individual unit titles.
- **Apartments**: While similar to condominiums, apartments may have fewer or no shared luxury amenities. They are often seen as simpler residential buildings, and can be either leased or owned (though many apartment buildings are more likely to be rental units compared to condos).
2. **Legal Definition and Management:**
- **Condos**: A condominium is typically legally structured as a form of ownership where individual units are owned outright, and common areas are jointly owned by the residents via a management corporation (MCST in Singapore).
- **Apartments**: The term "apartment" is less strict and can refer to any multi-unit residential building, whether owned or rented, with or without an MCST for shared management.
3. **Market Perception:**
- **Condominiums**: In Singapore, condos tend to be marketed as more upscale properties, often with better infrastructure and amenities, which justifies their higher pricing.
- **Apartments**: Apartments, on the other hand, are often seen as simpler or less luxurious, which may impact the classification or pricing of the development.
In practice, the classification on **PropertyGuru** may vary based on the developer's marketing terms or the specific building's features, but typically, **condos** are larger, more upscale properties, whereas **apartments** might refer to smaller or more basic residential buildings.
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*** Here are some exciting condominium launches in Singapore scheduled between June and December 2024:
> - Located at Yuan Ching Road in District 22, this 99-year leasehold development is set to preview in June 2024. Sora offers a mix of modern amenities and scenic views near Jurong Lak
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