Strata vs Landed Property
Housing
Landed property means a house sitting on its own plot of land, such as a terrace, semi-detached, or bungalow, where the owner generally controls the whole land and building. Strata property refers to units within a shared development, like condominiums, apartments, and gated townhouses, held under strata titles that divide ownership between private units and common areas. Strata owners pay maintenance fees and a sinking fund to a management body for shared facilities and upkeep. Landed owners handle their own maintenance. Both have individual titles once issued. Specific rights and charges are subject to the latest rules.
Related terms
Housing LoanPR1MARUMAWIPMOT (Memorandum of Transfer)Stamp DutySale & Purchase Agreement (SPA)Quit Rent & Assessment