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 Service Apartment and Condominium, What different between this two!!!

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hackwire
post Sep 16 2007, 10:19 AM

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Bankers also hate Service apartment. due to grey matter when transfering is concern. Its not protected by the housing act and things still not sort out yet between developer , the master title and the individual title. Messy.
hackwire
post Sep 16 2007, 11:15 AM

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im not so sure but you need a lawyer to follow up the transfer with the land office for the safe side. sometimes the property that you buy is under caveat.

hackwire
post Sep 17 2007, 09:13 PM

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QUOTE(Pai @ Sep 17 2007, 10:37 AM)
Aaron bro, effective 1st April 2007, all SPA for service apartments is now standardize under HDA, and that means we'll be using a standard SPA for both commercial and residential titled properties.
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not yet , i think its not been enforce yet.
banks are still not interested to loan out to some serviced apartment . i asked them why, they said its the ruling . i think they know very well.
hackwire
post Sep 18 2007, 11:35 PM

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how about the increasing price of quit rent and other bills. are they using the residential rate instead of commercial rates. most serviced apt maintenance rate is quite high also.
hackwire
post Sep 19 2007, 08:34 AM

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that didn't answer my question, buddy. u r implying that the rate is still under the commercial rate. r u dead sure when the bills come it does not use commercial rate? have you check with the developer?
hackwire
post Sep 20 2007, 07:21 PM

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where is it lah..

 

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