What is the difference between a condominium and a serviced apartment?
10 March 2021
A condominium is part of a co-owned building, which means that the units have been sold to a number of different buyers and that the units are owned by separate investors. A serviced apartment is a building which is controlled by an operating company and leased out on a unit by unit basis.
Serviced apartments usually attract a higher rent per square meter as more services are included, often even laundry and cleaning. Typically these services cost extra within a condominium building.