Town Houses

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Town Houses

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The city-state of Singapore may have limited land area, but state managers and policy makers have managed to offer its residents and expatriates with a wide selection of housing and accommodation. Variety is the main selling point of the real estate market, thus offering investors and individual buyers with different housing options that can meet personal requirements and budget.

Aside from the ultra-exclusive detached houses and Good Class Bungalows, residents are treated with Town Houses, considered as great alternatives to pricey landed properties in the city-state. Town houses are similar to cluster houses, in a sense that these houses are grouped together under a single development.

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Exclusivity and Comfort Within Your Reach

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In a country where land is scarce, town houses strike the balance between exclusivity and comfort without burning the wallet. Just like cluster houses, owners of Town Houses can have access to communal services and amenities. The layout is also similar to terrace houses with at least three (3) units within the property for rent or sale. Each town house will carry a strata title, and each house will have an undivided share of the communal property like garden and access to the service road.

Properties with strata title in Singapore will refer to properties whose buildings were divided into a strata division plan, as approved by an authority in Singapore. Strata-titled properties in Singapore are often the choices for foreigners working in the country since no approval are required. Aside from town houses, the other types of strata properties include condominiums and apartments.

Also, the individual housing unit may feature a car park that is an accessory to the lot, which must be purchased as part of the deal. There are different services and amenities available for the investor who will select town houses. Aside from 24/7 security, investors can have access to the garden, gym and pool, depending on the developer. In addition, expatriates are not restricted from owning town houses as compared to other landed properties.

Town houses are now great property alternatives to expatriates looking for a property in Singapore. In terms of cost, town houses offer cheap options for those who want to own a property. These properties can be rented as well, with rents ranging from S$6,000 to more than S$15,000 monthly.

Town houses are also available in varying prices and exclusivity levels. Luxurious town houses are also available for the discerning investor in Singapore. These are the types of properties that are strategically-located, and loaded with premium services and facilities. For example, there are luxurious town houses that are located minutes away from the city center, and accessible from the nature reserves. Some town houses are also available in different styles and themes including modern and art deco to suit premium requirements.

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Regular Maintenance Expectations

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Buying a town house is like buying a share value of the whole property. This means that the buyer is not the only buyer and resident; rather he is just one of many. For this reason, the upkeep and maintenance of the town houses may be subject to certain rules and policies. As indicated in Strata Living in Singapore released by Building and Construction Authority (BCA), it is the responsibility of the owner to undertake the repairs of the property that he directly or exclusively uses, like the doors and windows. Failure to repair and maintain these properties can mean penalties, as specified in the agreement.

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Town Houses Offer a Compromise to Owners

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Town Houses for sale in Singapore are considered in between condominiums and single family homes. Like condominiums, town houses feature shared walls. However, owners of town houses will only have to worry about one or two such shared walls. Even so, with shared walls and land, friendly relations are a must among neighbors in a town house development. Another difference with condominiums is that there are yards attached to the unit, but not as large compared with the ones available in detached houses. In short, a town house is a compromise for someone choosing between a house and condominium in Singapore.

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