What is a condominium? What is an apartment?
A condominium is like a flat (apartment) you can own in common with other owners of units within a high-rise with complete facilities. This means that each tenant is a shareholder in the building and they pay a monthly management fee based on the square meter size of their apartment to maintain the building and public areas. Foreigners may own a condominium freehold; with full rights of ownership. An apartment is a building owned by one owner who lets out units within the building on a short or long-term basis.
