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There are two most popular types of modern housings in the Philippines today. These are condominiums and apartment buildings. Both types of housings became popular and in-demand in the Philippine market due to the many benefits that these types of residential Philippine real estate can offer to Filipinos in today’s modern lifestyles. One of which is the luxury of its accessibility. Both apartment buildings and condominiums are mostly found in business and commercial districts. Because of its location, many residents can now enjoy the luxury of living within walking distance or mass transit distance from their workplaces. Its location can also provide access to popular entertainment places such as malls, shopping centers, and many others. However, other than the advantage of its location, condominiums and apartment buildings can also offer their own separate advantages to their residents. Advantages of Condominiums Condominiums became popular in the Philippines not only because of their location, but also because of their amenities. Compared to apartment buildings, condominiums are known to offer amenities to their residents, allowing them to make the best of living in one of the most luxurious types of housings in the Philippines. Some of older types of condominiums in the Philippines are known to offer gyms as its amenity. However, many new condominiums in the Philippines can also offer amenities such as an indoor swimming pool as well as a full-size sports complex for their residents, which made condominiums more popular among many Filipinos in today’s modern trends. Other than its amenities, many new condominiums have also become more affordable because of a new term of payment. According to Philippine real estate experts, this is because most of the newer condominiums in business and commercial districts can now be owned and paid in installment. This is to answer the growing popularity of apartment buildings in the Philippines. Also, many of these newer condominiums can also offer much more spacious units, allowing them to accommodate a typical modern Filipino family. Advantages of Apartment Buildings According to many Philippine real estate experts, though apartment buildings had significantly lost its popularity in the past when condominiums were established in the Philippines, the industry of apartment buildings had started to make a comeback in the Philippines along with offering new units for modern Filipinos. The new types of apartment buildings, known as the one/two/three bedroom apartments, had started to gain a lot of popularity in the Philippines, particularly among many Filipinos looking for a type of housing which can accommodate their needs and the needs of their family. Other than that, apartment buildings are still popular for its affordability, in which residents would only have to pay rents rather than invest hundreds of thousands of pesos.
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