A condominium is a kind of residential complex or private housing with separate units that is individually owned. When an individual rents a condominium unit, they’re directly renting from the owner of the condominium. Condo unit owners are in charge of and are responsible for their own units, which includes the upkeep, maintenance and needed repairs. In addition, they are expected to pay a monthly condo association fee. Those fees go to the upkeep and repairs of common areas, amenities, as well as the exterior of the residential complex shared by the residents of the condo.
Piccadilly Grand Northumberland Road – Enjoy Condo Living
Piccadilly Grand is a condo development in Singapore, launching April 2022 and expected to be finished in 2026. Located on Northumberland Road in the Farrer Park neighborhood, the condo offers its would-be residents easy and quick access to numerous facilities and amenities, such as public transportation, shopping malls, parks and other recreational areas, restaurants, some of the top schools, and medical facilities.
Piccadilly grand northumberland road is a joint project of two of the leading and notable property developers in the region, City Developments Limited (CDL) and MCL Land. So, you can expect building quality, functionality and luxuriousness.
Piccadilly Grand is a mixed development that is 23 storeys high with 407 residential units and commercial units on the ground floor. This makes it really convenient for its residents to access the things they need and want as many of the amenities and facilities are within walking distance. The condominium has different unit layouts and sizes, from one-bedroom units to five-bedroom units, making it suitable for families, couples and singles.
Homeowners’ Association – Who Are They and What Do They Do?
Every condo community has a Homeowners’ Association (HOA). It is an organization governing planned residential developments, condos or townhouses. Once an individual buys a property in a condominium or an area managed by an HOA, the buyer automatically becomes part of the association and have to pay the fees as well as abide by the rules and regulations of the HOA.
The board of directors of the HOA are elected by members of the HOA. They are responsible for managing the shared assets of the property or area, set and impose rules, handle business affairs, manage its finances, as well as take care of the upkeep and the maintenance the property or area.
Being part of the HOA board can be very difficult. As you are elected to a position of leadership, you are now like politicians serving the community and being responsible for managing and taking care of it, like how the government takes care of its country and people.Read More