Thomas wants to buy a condominium rather than an apartment in the Golden Triangle of Kuala Lumpur. He thinks that being an owner of condominium will gives him more facilities and better legal protections than being an owner of apartment. Is it true?
However, there is no legal difference and in fact these two terms are not legally defined as of to-date.
Basically, these two terms are strata titled units which are for housing accommodation proposes. Thus,if you are buying a condominium or an apartment from a Developer, your sale and purchase agreement with the Developer should be Schedule H of the Housing Development (Control and Licensing) Regulations 1989 and all your legal rights are reserved under Schedule H.
Share with us your thoughts and feedback to us. Ask us a question on AskCA@Thursday or suggest a Myth Buster for us.