subject: Learning About The New Condo In The Philippines [print this page] Learning About The New Condo In The Philippines
The number of condominiums in the Philippines have significantly grown over the years. Although it was only recently that condominiums were introduced in the Philippine market, compared to townhouses and apartments, the condominium industry rapidly grew which led to a number of new types of condominiums to be introduced in the market. One of which are condominium complexes.
The new condominium in the market
Condominiums were first recognized as a type of housing found in towering buildings, which are mostly comprised of multiple units. These types of housing are similar to apartments (building), with one exemption: condominium units are owned by its occupier while apartment units are mostly rented or leased to tenants by its landlord.
The factor that gave rise to condominiums in the Philippines is because of its location. Similar to many apartments (building), most of these condominiums are also found either near or inside popular business and commercial districts in the Philippines. Because of its location, as well as the type of ownership that its occupier possess in buying a condo unit, residents are given the luxury of living within walking distance or mass transit distance to their workplaces.
Because of this, the demand for newcondo for sale Philippines have grown significantly. And due to this rapid increase of condominiums in the Philippine market, a number of new condominiums was introduced which gives similar luxurious lifestyle, but different in how it delivers to their residents. Part of the few newcondo for sale Philippines are condominium complexes.
Pros and cons of condominium complexes
Condominium complexes are a type of condominium which is similar to townhouse complexes in many aspects, such as its location, environment, as well as amenities. Similar to townhouse complexes, condominium complexes are mostly found in areas far from the city, such as in the outskirts or even in provincial areas.
Although it puts its residents at a major disadvantage, particularly when most of these are not as accessible to commercial and business districts compared to houses found in the suburbs, these new types ofcondo for sale Philippines do have its own advantages. Compared to condominiums found in the city, condominium complexes are known to provide amenities that residents can freely enjoy, such as swimming pools, gyms and recreational parks as well as playgrounds.
Another advantage of condominium complexes is its environment, which many Filipinos found it more appropriate for their growing families. However, like most condominiums, most of these condominium complexes are also expensive, particularly because of their amenities as well as with their luxurious and relaxing location away from the city.For more information visit to our site at http://www.atayala.com
