There are many popular types of residential Philippines properties available in the country today, and some of the most popular, according to many Filipinos and real estate experts in the country, are condominiums.
Condominiums are types of housing in which a resident owns a type of house or unit in a building, while other facilities found in the condominium, such as hallways, elevators, cooling systems, and other facilities are owned by all condominium owners.
Although condominiums were only recently introduced compared to other types of housing, such as townhouses and apartment buildings, it rapidly gained a lot of popularity in the market because of its benefits in which many Filipinos have considered modern in today’s modern trends and fast-paced lifestyles.
Popularity of Condominiums in the Market According to many Filipinos, the main reason why condominiums gained a lot of popularity in the Philippines is because of its location, which is normally found in business and commercial districts, which is unlike living in other types of housing, such as the typical house.
Accessibility Because of its accessibility to popular and key locations in the city, many of its residents have enjoyed the experience of living within walking distance or mass transit distance from their workplaces, which is unlike living in a typical house found in residential areas. And due to accessibility, condominium residents won’t have to go through all the hassles of rush hour.
Maintainability and Security Another major advantage of condominiums is its maintainability and its security. Other than the luxury of living within walking distance to popular locations, these types of residential Philippines properties are also known for its luxuries in terms of maintainability and security, which is rarely found in other types of housing in the Philippines.
All types of condominiums hire their own maintenance personnel who maintain all facilities found in the condominium, from its hallways, elevators, stairways, and parking lots, to its cooling systems and other popular facilities found in the compound.
As for its security, condominiums are known for their security personnel who assure the safety of all their residents, partly because most of its residents are of high stature such as wealthy families and company executives.
Family-Oriented Although condominiums in the city are not known to be suitable for a growing Filipino family, a number of new condominiums were also introduced which are mostly found in the outskirts or even in the provinces. These types of condominiums are known as condominium complexes.
The advantage of condominium complexes it its family-oriented environment including peaceful sceneries and wide open spaces, which is unlike the busy streets of business and commercial districts. However, other than its wide open spaces, condominium complexes are also known for its amenities.
Amenities Condominium complexes became a very popular and modern type of residential Philippines properties because of its collection of amenities such as swimming pools, gyms, recreational parks, playgrounds, or even a full-sized sports complex.