The 5 Reasons Why Condominiums Became Popular
The 5 Reasons Why Condominiums Became Popular
There are many types of housing in the Philippines today, and one of the most popular that many Filipinos have chosen are condominiums. Condominiums have recently become a very popular type of housing in the Philippines, particularly those found in the city. According to many experts, the reason why condominiums have become very popular among many Filipinos is because of its promises of benefits that other types of housing lacks.
First reason: condominiums are accessible to many locations
The first reason why condominiums became popular is because of its location, which are mostly found in areas near or withing business and commercial districts. Because of this, residents are given the chance to live within mass transit distance or walking distance to their workplaces, a kind of benefit that many other types of housing lacks.
Second reason: its maintainable and secure
Another reason why condominiums have become a very popular type of housing is because of its maintainability and security. Similar to other types of housing such as apartment buildings, condominiums are also known for its maintenance personnel that assures their condominium's livability while their security assures the safety of their residents from any harm within their compound.
Third reason: family-oriented
Although condominiums in the past lacks the proper environment to be considered as family-oriented, a number of new condominiums in the market has become very popular among many Filipino family. These new condo in Philippines are known as condominium complexes, which is a type of condominium similar to townhouse complexes.
Similar to townhouse complexes, these condominium complexes are also known for their location, which is normally found in the outskirts or in even in provincial areas. Because of its location and its environment, many Filipinos found these types of condo in Philippines perfect for their growing family.
Fourth reason: its luxurious amenities
Other than the relaxing and peaceful environment that condominium complexes became popular with, these types of condo in Philippines are also known for its other advantages, such as its amenities. Compared to condominiums in the city, these new types of condominiums are known to provide amenities such as swimming pools, parks, playgrounds, and even a gym which residents can freely, but exclusively, enjoy.
Fifth reason: its affordability
Though this kind of advantage is rare for condominiums, a number of condominium complexes found in the outskirts are also known for their affordability. Part of the reason why many of these condominiums have significantly dropped their prices is because of the competition, which has begun to rise in the market, particularly with new condominiums being made available across Metro Manila.
Though a disadvantage for the corporation that owns a condominium, this can be an advantage for many Filipinos looking for cheaper condominium units. However, compared to condominium complexes complete with amenities such as those mentioned above, these cheaper condominiums are known only to provide basic amenities such as parks and playgrounds.
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