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Condominiums are some of the most popular types of housings in the Philippines today. Like condominiums, these types of housings are known for its collection of units, while similar to townhouses, condominiums are also found in many places around the country. So what is a condominium? Condominiums in Housing Tenure Other than a name of a type of housing, the term condominium is also used as a type of housing tenure or a type of ownership. Condominium is a type of housing tenure in which apartment units or a house is individually owned, while the rest of the building or compound is jointly owned by all the owners. This is the reason why there are condominiums that are similar to apartment buildings and there are these types of Philippines properties for sale which are similar to subdivisions. Advantages of Condominiums There are many advantages of living in a condominium unit. One is because of its ownership. Compared to apartment buildings, condominiums can offer more permanent ownership, while condominiums are far more affordable compared to townhouses. In addition to that, most of these types of Philippines properties for sale are found in business and commercial districts, such as those found in Makati City. Because of its location, many Filipinos were given the chance to live within walking distance or mass transit distance from their workplaces, allowing them to avoid the usual hassles brought by rush hour. Another popular advantage of condominiums is its amenities. According to real estate experts, condominiums are the only types of housings in business and commercial districts that can offer amenities such as indoor swimming pools, gyms, and sports complexes. Because of this, condominiums became even more popular among many modern Filipinos. Different Types of Condominiums There are several different types of condominiums present in the Philippines today. Other than the kinds of condominiums found in business and commercial districts, there are also a number of condominiums found in the outskirts of Metro Manila as well as in a number of popular provinces. These types of condominiums are known as condominium complexes. Unlike condominiums in the city, condominium complexes are mostly known for its own compound or complex which is usually built with a recreational park and playground, while condominium buildings normally surround this small community. Because of its location, condominium complexes became very popular as a type of housing for a growing Filipino family. This is because condominium complexes can offer the wide open spaces and security, as well as its collection of amenities such as recreational parks and playgrounds, in which many modern Filipino families are looking for in today’s modern trends.
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