Condominiums had become one of the most popular and in-demand types of housings in the Philippines today. Part of the reason why is because these types of housings can offer the kinds of benefits that many more Filipinos are looking for today, either the accessibility to business and commercial districts, or an environment suitable for a growing Filipino family.
Two Different Types However, there are two different types of condominiums in the market today that offers two different benefits for different Filipinos. One type of condominium offers the luxury and advantage of living within walking distance from workplaces and entertainment places, while the other caters to the needs of many modern Filipino families in terms of providing a family-oriented environment. These are the condominium and condominium complex.
A Condo for Executives Condominiums were first established in the Philippines as a type of housing that caters to the needs of executives and wealthy Filipinos working in business and commercial districts. This is the reason why most of these types of modern housings are found in business and commercial districts, such as in Makati City.
According to Philippine real estate experts, its location allowed its residents to live within mass transit distance or walking distance from their workplaces as well as other popular entertainment places in the market. However, what made these types of modern housings even more popular in the market is because of its collection of amenities.
Many Filipinos and Philippine real estate experts had said that condominiums are the only types of housings in business and commercial districts that can offer their own gyms, indoor swimming pools, as well as sports complexes for their residents, which made these types of housings even more popular in the market.
However, there are several disadvantages of these types of condominiums, and this is also because of its location. Because of its location, as well as it’s lack of a suitable facilities, condominiums became unsuitable for a growing Filipino family. This is the reason why condominium complexes were founded in the Philippine market.
A Condo for Filipino Families Condominium complexes, according to Philippine real estate experts, became popular for modern Filipino families because of its family-oriented environment, in which most of these types of condominiums are found around the outskirts of Metro Manila or even in the provinces, such as in Tagatay.
Because of its serene and peaceful environment, as well as its wide open spaces, condominium complexes became a popular type of housing for wealthy Filipino families, particularly for those that only started to live out their lives as a family.
In addition to that, condominium complexes can also offer amenities that suit the needs of a growing child, such as recreational parks and playgrounds, other than swimming pools, gyms, and spots complexes.
The disadvantage, of these types of condominiums, however, is also because of its location. Because of its location, which is found far from the city, many of its residents found it harder to get back to their workplaces.