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Condominiums in the Philippines

Real Estate Articles November 6, 2015

Condominiums are some of the most popular types of modern housing in the Philippines today. According to many Filipinos, part of the reason is because of its many benefits that any Filipinos in today’s modern and fast-paced lifestyles can easily take advantage.

To address the different needs of different Filipinos in today’s modern trends, many condominiums in the Philippines have continually evolved from the typical high-rising condominiums found in business and commercial districts, to condominiums found in the outskirts or even in the provinces.

Condominiums in the Philippines
There are currently two types of condominiums found in the Philippines, condominiums and condominium complexes. The typical condominiums are those mostly found in business and commercial districts while condominium complexes are mostly found in the outskirts or even in the provinces.

According to many real estate experts, condominiums were first introduced in the city, mostly found in Makati City, which is why the number of Makati condo is far greater compared to other business districts in the Philippines.

The main advantage of this location is that residents can not only enjoy the luxury of living in one of the richest districts in the Philippines, but enjoy the luxury of living within walking distance or mass transit distance to their workplaces, allowing them to avoid the usual hassles of rush hour.

Eventually, the number of these types of condominiums have spread all over the Philippines, mostly in business and commercial districts similar to Makati City, such as in Ortigas Center, Pasig City, particularly because the demand have also significantly grown in the market. This growth in numbers gave more chance for Filipinos to experience the luxury of living in one of the most luxurious types of housing in the Philippines.

However, there are several disadvantages to living in most of these types of condominiums, such as the many Makati condo. One such disadvantage is that many growing Filipino families found these types of condominiums unsuitable for their growing children, particularly because these locations lack the necessary environment for them to grow and play.

Because of this, a number of new types of condominiums were introduced in the Philippines, which is now widely known as condominium complexes.

Condominium Complexes
Condominium complexes were founded to offer the same modern luxury of living in a condominium with the addition of an environment perfect for a growing Filipino family. This is because most of these condominiums are found in the outskirts or even in the provinces.

However, other than its family-oriented environment, condominium complexes are also known for its amenities in which residents can freely and exclusively enjoy, such as swimming pools, gyms, recreational parks, playgrounds, and even a full-sized sports complex.

The disadvantage of these types of condominiums compared to condominiums in the city, such as the many Makati condo, is its accessibility to workplaces and popular entertainment districts in the Philippines.For more information visit to our site at http://www.atayala.com

Catherine Ruiz is a business entrepreneur from Cebu City Philippines. She’s now based in Florida and writes in her spare time for various websites including Atayala.com

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