The origin of the term vertical housing in the form of residential apartments, flats, and condos originated in a number of countries. This term was first adopted by the Americans to refer to a residence in a multi-story building. So, an apartment is a type of residence that occupies a portion of the space of a building. Usually, an apartment building consists of tens to hundreds of units. Aside from that, if you’re looking for a good condo instead of an apartment, we recommend you check out the Pullman Residence Newton.
The term flat is used by the United Kingdom. They call the dwelling in a multi-story building with the term flat. The shape is the same as the interior of the apartment, the only difference is the way it’s mentioned.
The term condominium originates from Italy. The word condominium is a combination of the word con which has a meaning together and the word dominium which has a meaning of ownership. In terms of definition, a condominium is a form of usufructuary on certain parts of a building. Apart from that, if you need a good condo in Singapore, you may want to buy one from the Pullman Residence Newton.
The use of the terms apartments, flats, and condos
The use of the term apartment and flat more refers to the physical form of vertical housing. While the use of the term condominium is more directed to the use of rights of the building. However, among the players of homeland property, the term apartment or studio apartment usually refers to a vertical residence for rent. Whereas the term condominium refers to apartment units owned by each person. The term flat itself is rarely used in some countries. Additionally, perhaps you are also interested to check out the pullman residences showflat.
The apartment and condominium market in Singapore
The owner of the condominium does not have rights to the land, residential roof, and hallway of the building occupied. However, they have full rights to the unit. They have the right to do anything about the condominium unit, whether they sell or rent it to other parties. Apartment owners cannot do this because they are only tenants. As a result, the condominium and apartment markets in Singapore have different targets.