HDB (Housing and Development Board) and condo (condominium) are two different types of housing in Singapore.
There are following major hdb and condo difference.
- HDB flats are public housing developments built and managed by the Housing and Development Board (HDB). They are typically more affordable than condos, and are available to Singapore citizens and Permanent Residents (PRs) through various schemes such as the BTO (Build-To-Order) and SBF (Sale of Balance Flats). HDB flats are also subject to certain restrictions, such as the Minimum Occupation Period (MOP) and the Ethnic Integration Policy (EIP). HDB flats are leased for a period of 99 years and the ownership does not transfer to the occupants.
- Condos, on the other hand, are private housing developments built and managed by private developers. They are typically more expensive than HDB flats and are available for purchase or rental by anyone, regardless of citizenship or permanent residency status. Condos also come with a wide range of amenities and facilities, such as swimming pools, gyms, and security, and also have a higher level of privacy than HDB. Condos, on the other hand, are freehold properties, meaning that the ownership is transferred to the buyer and does not expire.
It's important to note that both types of housing have their own pros and cons, and the decision of which one to choose depends on an individual's needs, preferences, and budget. If you are looking for new launch condo in Singapore then visit us https://sgdreamhome.com/ for more details.
