Although condominiums and serviced apartments have amenities that are rather similar, there are actually some notable differences between both property types.
One clear difference between the two is that a service apartment is almost always flagged for commercial use, as opposed to residential stays at condominiums. Here are some key differences:
1) Land status
2) Price point
For a detailed breakdown, read this handy guide: https://www.propertyguru.com.my/property-guides/serviced-apartment-condo-malaysia-16623
Hope this clarifies!
Condominiums are traditionally built on residential land. However, there is a recent trend by developers who are building condominiums on commercial land or above shopping centers and they call them "Serviced Residence". It is just a marketing term which can be misleading because the condominiums are not provided with any housekeeping services etc.like in serviced apartments operated like a hotel. Although the usage of condominiums and serviced residences are the same, the occupants for condominiums built on commercial land will have to pay slightly higher utilities charges, quit rent and assessments which will translate to higher monthly service charges to upkeep the common areas and the land.
Hope this enlighten your understanding and should you need to invest in KL do email me at email@example.com
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