Why Apartments Are Still Popular In The Philippines

Why Apartments Are Still Popular In The Philippines

Though condominiums have recently become a very popular type of housing in the Philippines, apartments are still known for its popularity because of its benefits that other types of housing, other than condominiums, lack. So what are the things that allowed apartments in endure in the market dominated by condominiums?

Benefits of apartments

The reason why apartments became popular in the first place is because of its affordability. Other than the building type of apartments, a number of house-type apartments have also been made available around Metro Manila which are mostly known for its affordability. However, other than these types of apartments, the studio type apartments are also known for its affordability.

Compared to the house-type apartment, according to manyPhilippine real estate experts, studio type apartments are mostly found in apartment buildings. And what made this type more popular among many Filipinos is that these are the cheapest type of apartments in any given area. However, the studio type apartment are also known for its size, which is smaller than any other type of apartments in the market.

However, other than its affordability, apartments have also become popular because of its luxurious living space as well as location. Similar to condominiums, apartments firstly became popular because of its location, which are mostly found around business districts and commercial areas. And compared to condominiums, apartments are far more affordable.

Different types of apartments

Other than the studio type apartments, a number of new types of apartments have become available across the market which includes the popular one/two/three-bedroom apartments. These types of apartments are larger than the studio type apartments, but are usually more expensive. However, according manyPhilippine real estate experts, what made these types of apartments popular is that similar to the studio type, these are also found in buildings.

Compared to studio type apartments, these types of apartments can accommodate more residents, particularly a family. But what made it more popular is that these types of apartments are mostly found in locations beneficial for its residents, which are mostly found near business districts. Because of this, a number of Filipinos have found a type of housing which doesn't require a large capital similar to buying condominiums.

However, other than the one/two/three-bedroom apartments, another type of apartment have also been recently introduced in the Philippines. These are known as garden apartment complexes. According to manyPhilippine real estate experts, these types of apartments are similar to condominium complexes in terms of luxuries as well as amenities like swimming pools, gyms, and recreational areas.

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