Other than its AFFORDABILITY, condominiums sold in the Philippines are also known for its other benefits. These benefits include the LOCATION of the condominium (complex or building), AMENITIES, SECURITY, as well as MAINTAINABILITY.
Popular types of residential real estate in Philippines today are condominiums. According to many experts, many Filipinos today are opting to buying a condo unit rather than a house. One reason for its popularity among many middle-class Filipinos was its affordability. Compared to buying a whole house, which would usually cost around P5,000,000 to P10,000,000 Philippines Pesos, condo units would only cost around half, ranging from P500,000 to P1,000,000 Philippine Pesos.
However, other than its affordability, condominiums are also known for its other benefits. These benefits include the location of the condominium (complex or building), amenities, security, as well as maintainability.
Advantages of owning a condominium
Aside from its affordability, another popular advantage of owning a residential real estate in Philippines such as a condominium is its LOCATION. There are different types of condominiums in the Philippines that offer different locations. These are condominium buildings and condominium complexes.
Condominium buildings are usually found in major cities of the Philippines, particularly in Makati City. The advantage of these types of condominiums is that it allows its residents to be within walking or mass transit distance of business and industrial areas of the city. Condominium complexes, however, does not offer such luxury, but it does offer a more relaxing view and sites. This is because condominium complexes are usually found in provincial areas, away from the hustle and bustles of a big city.
Other than location, its AMENITIES are also one factor that made condominiums very popular among many Filipinos. Amenities such as swimming pools, gyms, parks and playground equipment are usually not included when buying a house (although there are houses that has such amenities, these types are usually more expensive). For half the price of a whole house, residents could easily enjoy such amenities.
However, other than condominiums, townhouse complexes are also known for these types of amenities and offer larger space than a condo unit. The advantage of condominiums is that residents could easily afford such amenities without having to invest millions of Pesos to buy a townhouse. Condominiums with these types of amenities, however, are usually only found inside a condominium complex, though there are a few condominium buildings that have swimming pools and gyms inside their buildings.
MAINTAINABILITY and SECURITY are another popular feature of buying a a residential real estate in Philippines such as a condominium. Other than townhouses, condominiums are also known for their maintenance personnel that takes charge in maintaining the livability of their condominium complex or building. Another is its security, which is well paid by its residents to maintain peace and order, as well as their safety, in the whole compound.
Popular types of residential real estate in Philippines today are condominiums. According to many experts, many Filipinos today are opting to buying a condo unit rather than a house. One reason for its popularity among many middle-class Filipinos was its affordability. Compared to buying a whole house, which would usually cost around P5,000,000 to P10,000,000 Philippines Pesos, condo units would only cost around half, ranging from P500,000 to P1,000,000 Philippine Pesos.
However, other than its affordability, condominiums are also known for its other benefits. These benefits include the location of the condominium (complex or building), amenities, security, as well as maintainability.
Advantages of owning a condominium
Aside from its affordability, another popular advantage of owning a residential real estate in Philippines such as a condominium is its LOCATION. There are different types of condominiums in the Philippines that offer different locations. These are condominium buildings and condominium complexes.
Condominium buildings are usually found in major cities of the Philippines, particularly in Makati City. The advantage of these types of condominiums is that it allows its residents to be within walking or mass transit distance of business and industrial areas of the city. Condominium complexes, however, does not offer such luxury, but it does offer a more relaxing view and sites. This is because condominium complexes are usually found in provincial areas, away from the hustle and bustles of a big city.
Other than location, its AMENITIES are also one factor that made condominiums very popular among many Filipinos. Amenities such as swimming pools, gyms, parks and playground equipment are usually not included when buying a house (although there are houses that has such amenities, these types are usually more expensive). For half the price of a whole house, residents could easily enjoy such amenities.
However, other than condominiums, townhouse complexes are also known for these types of amenities and offer larger space than a condo unit. The advantage of condominiums is that residents could easily afford such amenities without having to invest millions of Pesos to buy a townhouse. Condominiums with these types of amenities, however, are usually only found inside a condominium complex, though there are a few condominium buildings that have swimming pools and gyms inside their buildings.
MAINTAINABILITY and SECURITY are another popular feature of buying a a residential real estate in Philippines such as a condominium. Other than townhouses, condominiums are also known for their maintenance personnel that takes charge in maintaining the livability of their condominium complex or building. Another is its security, which is well paid by its residents to maintain peace and order, as well as their safety, in the whole compound.
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