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Condominiums have become a very popular type of housing in the Philippines. According to many experts, part of what made condominiums in-demand for many Filipinos is because of its promises of luxurious lifestyle in terms of benefits and advantages that other types of housing, such as the typical house, lacks. These includes its location, maintainability, security, and amenities like swimming pools, gyms, and other popular recreational facilities. Today, the number of new condo for sale Philippines have steadily grown over the years, introducing new benefits for their residents. Although condominiums have been in the Philippine market for more than a decade, there are still a number of things that many Filipinos still doesn’t know about condominiums as well as the new types of condominiums in the Philippines. What is a condo? Condominiums, or simply known as condos, are a type of housing which can be anything from apartments, townhouses, and the simple house. This is because, other than a name given to a type of housing, the term “condominium” is also a term widely used in the real estate industry which refers to any type of housing in which residents only own their units or house, while the rest of the condo such as hallways, elevators, parks, and playgrounds, are jointly owned. A number of talks have also been made over the years about the difference between a condominium building as well as an apartment building. According to many experts, both type of housing are similar with each other in terms of physical feature. Some experts have even noted that a building to be used as a condominium can also be used as an apartment, and vice versa. The difference, however, lies with its housing tenure. While apartments are governed by the housing tenure called tenancy, in which each unit are rented or leased to tenants, while condominiums are governed by the housing tenure, condominium, which is considered as a type of commonhold or strata title (the type of housing tenure that governs townhouses). Why condos became popular? According to many Filipinos the reason why the number of new condo for sale Philippines are rising even today is because of its benefits such as with its location. Many condominiums in the Philippines today are found either mass transport distance to popular locations, such as business and commercial districts, or within these areas. Because of this, residents are given the luxury of living near their workplaces as well as other popular locations like malls and parks. Another reason why condominiums have steadily grown in the market is because of the new condo for sale Philippines which are known for its own benefits for its residents. Compared to the condominiums found in the city, these new types of condominiums are mostly found in areas far from the city, such as in the outskirts or even in provincial areas. Because of this, these types of condominiums can provide an environment perfect for a growing family. Other than its environment, condominium complexes are also known for its amenities such as swimming pools, gyms, recreational parks, and playgrounds, which are freely, but exclusively, enjoyed by its residents.For more information visit to our site at http://www.atayala.com
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