Singapore Property Glossary and Common Terms Definition

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Singapore Property Glossary and Common Terms Definition

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Guest	Singapore Property Glossary and Common Terms Definition 08 May 08 10:18 pm What does this mean, what is that... Let's try update together, common terms used in Singapore property dealings HDB (Housing and Development Board) is the statutory board of the Ministry of National Development responsible for public housing in Singapore. Term is commonly used to refer to low-cost apartments built by the board. HDB flat has a various types of models and approx. sizes such as: 2 room flat - 45 sq.m ( 1 bedroom ) 3 room flat 3S Standard model -54 sq.m ( 2 bedrooms ) 3 room flat 3I Improved model -60 sq.m ( 2 bedrooms ) 3 room flat 3S Simplified model -65 sq.m( 2 bedrooms ) 3 room flat 3NG New Generation model -69 sq.m ( 2 bedrooms ) 3 room flat 3A A model -75 sq.m ( 2 bedrooms ) 4 room flat 4I Improved model -83 sq.m ( 3 bedrooms ) 4 room flat 4S Simplified model -85 sq.m( 3 bedrooms ) 4 room flat 4NG New Generation model -93 sq.m ( 3 bedrooms ) 4 room flat 4A A model -105 sq.m ( 3 bedrooms ) 5 room flat 5I Improved model -123 sq.m( 3-4 bedrooms ) 5 room flat 5A A model -135 sq.m( 3-4 bedrooms ) Executive Apartment EA model - 145 sq.m( 4 bedrooms ) Executive Maisonette EM model - 145 sq.m( 4 bedrooms ) Private Apartment - residential unit located in a building occupied by more than one residential unit, built by non-governmental entities. When people refer to Private Apartment, usually it means those with less communal facilities. (see condominium) Condominium - type of private apartment, with full communal recreational facilities (like swimming pool, tennis court, BBQ pit, etc). Most of Condominiums and Private Apartments come with good finishing, and usually have car park space, 24hrs security surveillance, intercom systems and sometimes even home automation systems. They start from as small as 450 square feet to as large as 8,000 square feet. The types of units in private apartments and condominiums are studio room units - A small apartment usually consisting of one main living space, a small kitchen, and a bathroom. 1 bedroom units 1+1 - 1 bedroom units with 1 maid / study room 2 bedroom units 2+ 1 - 2 bedroom units with 1 maid / study room (2+1) 3 bedroom units 3+ 1 - 3 bedroom units with 1 maid / study room (3+1) 4 bedroom units 4 + 1 - 4 bedroom units with 1 maid / study room (4+1) Penthouses - A large residential unit located at the highest level of a building with a roof garden. Maisonette - A 2-level residential unit in a building. The adjoining floors of the units are connected by an internal staircase in the house. Walk-Up Apartment - residential unit in a building generally 4 to 5 storeys or less. The units on the upper floors are accessible by staircase only as no lifts are provided. Strata Title is a form of ownership devised for multi-level apartment blocks, which have apartments at different levels or "strata". Strata Title Schemes are composed of lots and common property. Lots are either apartments, garages or storerooms etc and are shown on the title as being owned by the Lot Owners. Common Property is defined as everything else on the parcel of land that is not comprised in any lot, such as common stairwells, driveways, roofs and gardens etc. Landed Properties Residential units with individual ground contact. Types of landed properties: Bungalow / Detached House -A landed house standing on its own without sharing any common wall or roofing. Linked House - One of a pair landed houses joined by a common wall separating the car porches of the 2 houses. This common wall is the side wall of the car porches. Semi Detached -One of a pair landed houses joined by a common wall rising from ground to roof level. This common wall is the side wall of the rooms of the 2 house. Terrace House - A landed house in a row of not less than 3 houses. Being in between 2 houses, it has 2 common walls. Corner Terrace House - Tha landed house at the end of a row of terrace houses that normally has a larger land area compared to the other terrace house. Cul-De-Sac House - A landed house at the end of a large turnaround dead-end road. Town House - One in a row of not less than 3 residential units having ground contact and common ownership of the land. Cluster Housing - a hybrid between conventional landed housing and condominium housing. All units have ground contact but with shared facilities similar to those found in condominiums. Cluster housing therefore have Strata Titles. Leasehold is a form of property tenure where one party buys the right to occupy land or a building for a given length of time. Until the end of the lease period (often measured in decades - a 99 year lease is quite common) the leaseholder has the right to remain in occupation. Leasehold properties can be bought and sold on the open market. Freehold is the right in a property to hold it with a perpetual right. In freehold right there is no limit of time to hold the property like in case of leasehold. Also known as "Fee simple" ownership.