Currently, there are two types of condominiums available in the Philippine market. These are the condominium buildings and the condominium complex. Each type has their own advantages over the other. So what are their advantages?
Condominiums are some of the most popular types of housing in the Philippines today, particularly in major cities such as in Makati City, Manila, and Quezon City. According to many Filipinos, condominiums have advantages that other types of housing does not, such as apartments, houses, and townhouses. So what are the reasons why condominiums are very popular in the Philippine market?
Currently, there are two types of condominiums available in the Philippine market. These are the condominium buildings and the condominium complex. Each type has their own advantages over the other. One example is with its affordability.
Affordability
One apparent reason for its popularity for many Filipinos is its affordability. Compared to buying a house or a townhouse, which would usually cost around P1,000,000 to P10,000,000 Philippine Pesos (depending on the location), condominiums are much more affordable, ranging from half the normal price of a townhouse to as much as buying house.
The cost of a condominium is usually based on its location. Majority of condominium buildings such as as the many makati condo, are much more expensive than those condominiums found near the city or those in the outskirts, such as the condominium complexes.
Location
Another popular advantage of most condominiums are its location. Some of the most popular condominiums are those found within or near major business districts and commercial areas, such as those makati condo buildings. However, there are also those which are found in quiet and peaceful locations such as those found in the outskirts or in provincial areas like those in Tagaytay such as condominium complexes.
Amenities
What made condominiums more popular is its amenities. Amenities such as swimming pools, gyms, recreational areas as well as playground equipments are usually found in townhouse complexes. Although there are houses which are known for one of these amenities, such as a swimming pool, buying a house with such luxury is usually very expensive. With condominium's affordability, people could easily enjoy such luxuries without having to invest too much capital in it.
However, not all condominiums can provide such luxuries. Most condominiums buildings, such as those makati condo, doesn't have any amenities, aside from its high security. Condominiums that do have these types of amenities are those found in large complexes, which are usually located in the outskirts. But there are a few condominium buildings that has their own amenities, such as a gym or an indoor swimming pool.
Condominiums are some of the most popular types of housing in the Philippines today, particularly in major cities such as in Makati City, Manila, and Quezon City. According to many Filipinos, condominiums have advantages that other types of housing does not, such as apartments, houses, and townhouses. So what are the reasons why condominiums are very popular in the Philippine market?
Currently, there are two types of condominiums available in the Philippine market. These are the condominium buildings and the condominium complex. Each type has their own advantages over the other. One example is with its affordability.
Affordability
One apparent reason for its popularity for many Filipinos is its affordability. Compared to buying a house or a townhouse, which would usually cost around P1,000,000 to P10,000,000 Philippine Pesos (depending on the location), condominiums are much more affordable, ranging from half the normal price of a townhouse to as much as buying house.
The cost of a condominium is usually based on its location. Majority of condominium buildings such as as the many makati condo, are much more expensive than those condominiums found near the city or those in the outskirts, such as the condominium complexes.
Location
Another popular advantage of most condominiums are its location. Some of the most popular condominiums are those found within or near major business districts and commercial areas, such as those makati condo buildings. However, there are also those which are found in quiet and peaceful locations such as those found in the outskirts or in provincial areas like those in Tagaytay such as condominium complexes.
Amenities
What made condominiums more popular is its amenities. Amenities such as swimming pools, gyms, recreational areas as well as playground equipments are usually found in townhouse complexes. Although there are houses which are known for one of these amenities, such as a swimming pool, buying a house with such luxury is usually very expensive. With condominium's affordability, people could easily enjoy such luxuries without having to invest too much capital in it.
However, not all condominiums can provide such luxuries. Most condominiums buildings, such as those makati condo, doesn't have any amenities, aside from its high security. Condominiums that do have these types of amenities are those found in large complexes, which are usually located in the outskirts. But there are a few condominium buildings that has their own amenities, such as a gym or an indoor swimming pool.
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