In the past, condominiums were one of the rarest kinds of housing in the Philippines. Today, however, condominiums have become one of the most widely recognized type of housing in the Philippines, which practically covers most of Metro Manila.
There are many types of condominiums in the Philippines today. In the past, condominiums were one of the rarest kinds of housing in the Philippines, and that the wealthy are the only ones that can afford to buy a condominium unit. Today, however, condominiums have become one of the most widely recognized type of housing in the Philippines, which practically covers most of Metro Manila.
Condominium
A condominium is a type of apartment in which occupants own a unit while the rest of the building or compound such as hallways, recreational areas, and elevators is jointly owned by all owners of condominiums. The difference of condominiums and apartments is its ownership, in which apartments are usually rented or leased to tenants.
Condominium is a modified form of owner occupancy, a type of housing tenure that usually embodies the ownership of a typical house as well as the land it sits on. Although condominium residents own their units, their rights may only go as far as to live in their units, but modifying their units may be subject to homeowner associations, such as the case of the many makati condo. There is also the case in which a unit owner does not own the rest of the building.
Different types of condominiums in the Philippines
Because of the popularity of condominiums in the Philippines, its numbers rapidly grew in the market, introducing new types of condominiums for Filipinos. Popular condominiums are those found inside major cities, such as the many makati condo. However, other than the many makati condo, many new condominiums have now been found in the outskirts or even those in provincial areas. These new types of condominiums are known as condominium complexes.
Condominium complexes are a type of condominium which is similar to townhouse complexes. It usually sits on a wide expanse of land, typically involving a number of smaller buildings compared to the towering condominiums in the city. Although condominium complexes places its residents too far from their workplaces, these types are usually known for their other advantages, such as with their amenities, including swimming pools, gyms, spas, and recreational parks.
The difference of condominium complexes with townhouse complexes, however, is with its cost. Although both are known to provide the same amenity, condominium complexes are usually more affordable than townhouse complexes. Other types of condominium complexes doesn't have any of these amenities (let alone a recreational park) but are more affordable than other types of condominium complexes.
There are many types of condominiums in the Philippines today. In the past, condominiums were one of the rarest kinds of housing in the Philippines, and that the wealthy are the only ones that can afford to buy a condominium unit. Today, however, condominiums have become one of the most widely recognized type of housing in the Philippines, which practically covers most of Metro Manila.
Condominium
A condominium is a type of apartment in which occupants own a unit while the rest of the building or compound such as hallways, recreational areas, and elevators is jointly owned by all owners of condominiums. The difference of condominiums and apartments is its ownership, in which apartments are usually rented or leased to tenants.
Condominium is a modified form of owner occupancy, a type of housing tenure that usually embodies the ownership of a typical house as well as the land it sits on. Although condominium residents own their units, their rights may only go as far as to live in their units, but modifying their units may be subject to homeowner associations, such as the case of the many makati condo. There is also the case in which a unit owner does not own the rest of the building.
Different types of condominiums in the Philippines
Because of the popularity of condominiums in the Philippines, its numbers rapidly grew in the market, introducing new types of condominiums for Filipinos. Popular condominiums are those found inside major cities, such as the many makati condo. However, other than the many makati condo, many new condominiums have now been found in the outskirts or even those in provincial areas. These new types of condominiums are known as condominium complexes.
Condominium complexes are a type of condominium which is similar to townhouse complexes. It usually sits on a wide expanse of land, typically involving a number of smaller buildings compared to the towering condominiums in the city. Although condominium complexes places its residents too far from their workplaces, these types are usually known for their other advantages, such as with their amenities, including swimming pools, gyms, spas, and recreational parks.
The difference of condominium complexes with townhouse complexes, however, is with its cost. Although both are known to provide the same amenity, condominium complexes are usually more affordable than townhouse complexes. Other types of condominium complexes doesn't have any of these amenities (let alone a recreational park) but are more affordable than other types of condominium complexes.
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