What are the advantages of a double-storey terrace house over condominium?

The key advantages of a double-storey terrace house over a condominium center on greater space, more privacy, long-term appreciation, and ownership of the land. Condominiums, however, offer their own benefits, such as better facilities and security. 

Key advantages of a double-storey terrace house

Space and privacy

• Larger living areas: A double-storey terrace house provides a larger built-up area and floor space compared to most condominiums, which is ideal for growing families.
• Outdoor area: Most terrace houses come with private front and backyards, offering space for gardening, outdoor activities, or pet ownership—luxuries not commonly available in a condo.
• Reduced noise: With physical separation from neighbors and less dense living, residents can enjoy more peace and quiet with fewer noise disturbances.
• Fewer restrictions: Homeowners have more freedom to renovate, extend, or modify their property without needing permission from building management, unlike in a condo where house rules often apply. 

Financial benefits

• Land ownership: A terrace house is a landed property, meaning you own the land it is built on. In contrast, a condo owner only owns a share of the high-rise building.
• Higher capital appreciation: Historically, landed properties have shown higher long-term appreciation in value compared to high-rise units, especially in desirable urban areas where land is scarce.
• No monthly maintenance fees: Unlike condos, landed property owners do not pay monthly maintenance or sinking fund fees for shared facilities. The owner is only responsible for the upkeep of their own property.