CLAVON CONDO IN CLEMENTI

A condo is a building that contains units or apartments which are owned by different persons. However, the owners of the units still share common facilities. The development site is required by the law to be not less than 40,000 sq. Ft. for it to qualify to be categorized as a condominium.

Condos in Singapore are open to all permanent residents (PRs) or Singaporean Citizens. Buyers are required to provide the necessary documents and show evidence of financial capability.

• Complete the Minimum Occupation Period since the date you acquired ownership, usually five years for DBSS, HBD flats, and ECs.
• Inform the HDB of your local private residential property before exercising OTP.
• Sell your flat in less than 6 months after purchasing the private property.

Temporary Occupation Permit (TOP) is a permit that allows homeowners to occupy the building temporarily when the key requirements are met as it may take some time to obtain the Certificate of Statutory Completion (CSC). By law, a CSC or TOP is required to occupy the building.

TLDR: TOP allows you flexibility in occupying a building before it is fully complete (if the building is deemed safe)

1. Mass-market condos – they are relatively expensive and found in the suburbs.
2. Mid-market condos – contain many facilities than mass market units and commonly located in prime fringe locations.
3. High-end Condos – often come with deluxe amenities and located in prime districts.