Wednesday, August 15, 2012

Condo vs Bungalow

A 6,232 sq ft four-bedroom unit at The Marq on Paterson Hill was sold for $30.4 million ($4878 psf). It is  freehold. It is not the most expensive condo as there was one which was sold at $33.9 million at Seven Palms.

Then there is this good class bungalow (GCB) at Chestnut Drive which is 18,500 sq ft and freehold. It is going for $26 million ($1405 psf). This makes one wonders why paid so much for a condo unit when GCB is a much better buy. Perhaps it is the long term maintenance fee and property tax. After all up keeping a private swimming pool in GCB is heavy compare to the fee charge by condo property maintenance management.

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