Popularity Of Condominiums In The Philippines
Why is it that many Filipinos have started to like living in a condominium unit
, or condo, rather than in any other kinds of housing, such as townhouses or the typical house? There are many reasons as to why condo units became popular for many Filipinos, as well as the steady increase of condo for sale Philippines. One common reason was because of its affordability in terms of permanence in residence.Advantage of condominiums from houses
The main advantage of condominiums from houses was its affordability. Buying a house in the Philippines, particularly in central areas such as in Metro Manila, houses could range from P1,000,000 Philippine Pesos to P10,000,000 Philippine Pesos. The cost of a condo unit wouldn't go as high as that. Normally, condominiums would only range from half the typical price of a house, ranging from P500,000 Philippine Pesos to P1,000,000 Philippine Pesos.
Another major advantage of owning a condo unit rather than a house is its location. Many condo for sale Philippines are found in small footprints of a city, such as those found in Makati City. The small footprint of the condominium 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.
Advantage of condominiums from townhouses
Similar to houses, the main advantage of owning a condo unit was its affordability. However, other than its affordability, condominiums also became popular because of its amenities. Amenities such as resort facilities like swimming pools, gyms, parks and playground equipment. These kinds of amenities are usually offered when buying a townhouse.
Most townhouse in the Philippines today are found in large complexes complete with these kinds of amenities as well as security and maintenance. Condominium complexes provide the same luxury yet for the fraction of its cost. Another advantage is location. Most townhouses are found in provincial areas while most condominiums are found inside or near central districts of a city.
Advantage of condominiums from apartments
These are the reasons why condo units quickly became popular for many Filipinos as well as the rapid increase of condo for sale Philippines today. However, other than condominiums, many have also been very keen to owning an apartment rather than a condo. Although condominiums and apartments are similar in physical appearance, the advantage of owning a condominium is based with its ownership. Most condominium units are individually owned while apartment units are rented or leased to separate tenants.For more information visit to our site at http://www.atayala.com
by: Deirdre Gonzales