Fall Of Apartments, Rise Of Condominiums
Fall Of Apartments, Rise Of Condominiums
Fall Of Apartments, Rise Of CondominiumsWhat is the best type of housing for you? According to many Filipinos, apartment buildings were once known for its popularity in the market. However, because of condominiums, the number of apartment buildings have significantly decreased due to most Filipinos moving from apartments to condominiums. So what are the reasons why condominiums became popular in the Philippines? And why has it dominated the market with which apartments once held?
Rise of condominiums from the market
The reason why condominiums rose in the market is because of its benefits, such as its location. Many condo manila are known for its location, which is usually near business and commercial districts, the kind of benefit in which apartment buildings first became popular for many Filipinos. Because of its location, residents can easily get to their work without any hassle.
However, compared to apartment buildings, a number of condominiums are also found within these business and commercial districts. Its location gave another luxury for its residents, which is allowing them to live within walking distance to their workplaces, which is why many executives commonly live in a condo unit in these areas.
However, other than in these locations, a number of new condominiums have been introduced in the market which is much more different than conventional condominiums and apartment buildings. These new types of condominiums are known as condominium complexes. Compared to the many condo manila, condominium complexes are mostly found in areas far from the busy streets of the city, which is why these types of condominiums are known to be more family-oriented compared to the many condo manila.
A new condo
Compared to apartment buildings, these new condominium complexes are known for its location, which is mostly found in the outskirts or even in provincial areas. But what made these types of condominiums more popular compared to condominiums in the city is because of its amenities, such as swimming pools, gyms, recreational parks, and playgrounds, which added to its luxurious living space compared to those in the city.
However, there is still one advantage that apartment buildings have that condominiums normally lacks, which is its affordability. Because of this, a number of condominiums in the market today have dropped their prices to accommodate a more wider market. This drop wasn't only because condominiums are competing with apartments in terms of affordability. This sudden drop in price is because of the growing competition.
By dropping their cost, these condominium complexes were allowed to compete in the market, which is in terms of affordability. However, these types of condominium complexes are usually known only for their basic amenities, such as parks and playgrounds.For more information visit to our site at http://www.atayala.com