Besides a freehold lease, most people justify the premium for a condo because of the facilities on offer. 50m lap pools (or just multiple swimming pools), tennis courts, and gyms are just some of the typical facilities that developers have to build to attract homeowners.
That said, having these many facilities are usually reserved for the bigger developments because of a combination of economies of scale and maintenance costs. But not everyone enjoys such large developments because this can come at the expense of privacy and a more quiet environment. Invariably, with 1,000 units, it’s bound to get crowded even on weekdays – just visit a condo like D’Leedon and you’ll understand.
As such, some home buyers love small developments, for privacy and exclusivity. Unfortunately, small developments also tend to come with tiny common areas; that can mean a swimming pool that’s not quite Olympic-sized, or a lack of tennis courts and landscaped retreats....