A Feel Of Affordable Luxurious Living

There are many types of housing available in the Philippine market today

. Some can be easily afforded while some remain only for the wealthy. However, there are certain types of housing which can provide the same luxury known only for the wealthy but affordable enough for middle class Filipinos. These are condominiums and apartments.

Condominiums

What made condominiums popular in the Philippines was because of its affordability. Compared to buying a whole house or a townhouse, which could cost millions of Philippine Pesos (depending on the location), condominium units could only go up to as much as half a million to P2,000,000 Philippine Pesos. What made it more popular on top of its affordability was because of its luxurious amenities.

According to many Real estate Philippines experts, most condominiums in the Philippines, particularly the condominium complexes, are known for their amenities. Amenities include resort facilities such as swimming pools, gyms, parks and playground equipment. Aside from condominiums, most townhouse complexes can offer the same amenities. But with condominiums, Filipinos could easily enjoy such luxuries for a fraction of a cost.

Another benefit is its location. Unlike buying a house or a townhouse, which is usually found in the outskirts, most condominium buildings are found near or inside major districts, such as those found in Makati City. This allows it to be within walking or mass transit distance of business and industrial areas of the city, yet luxurious enough for wealthy residents of the city.

Apartments

Although most apartments can provide the same luxury found in condominiums, there are some which are known to provide the same luxury found within townhouse complexes. These types of apartments are known as garden apartment complexes. According to many Real estate Philippines experts, a garden apartment complex consists of low-rise apartment buildings built with landscaped grounds surrounding them.

The apartment buildings are often arranged around courtyards that are open at one end. A garden apartment has some characteristics of a townhouse: each apartment has its own building entrance, or just a few apartments share a small foyer or stairwell at each building entrance. And like most apartments, these types are usually more affordable even with condominiums.

According to most Real estate Philippines experts, the only disadvantage is that these cannot give the same permanence of residence that condominiums can give, and that these types of apartments are usually rare in the Philippines.

by: Deirdre Gonzales

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