The Best Between Condominiums and Houses

There are two popular types of modern housings in the Philippines today, these are condominiums and houses. So what made these types of housings popular in the Philippines?

Condominiums are known as some of the most popular types of housing in the Philippines because of its collection of modern benefits which can conform to what is in-demand in today’s market. Houses, on the other hand, are still known for its demand in the market due to its unique benefits that many Filipinos are still looking for in a home. So which of these types of housings are the best?

The Best Between Condominiums and Houses Although many would agree that condominiums are the best types of Philippines properties for sale in the country, houses are still known as some of the most in-demand types of housings in the country. This is because of the following:

Traditional Benefits of Houses

Affordable Home One reason why houses are still in-demand in the country is because houses are still considered as some of the most affordable types of housing compared to most modern types of housing in the country, such as condominiums.

In addition to that, there are also a number of new houses in the Philippines today that can offer a new payment term that made these types of housings even more affordable in the Philippine market. This is because most of these new houses can now be bought and paid in installment.

Traditional Home Other reasons why houses are still in-demand is because these types of housings are still known for its many traditional benefits, such as the idea that houses are still the only types of housing which is suitable as a retirement home, as a family home, as well as their ancestral home, in which other types of modern housings lack, such as condominiums.

Modern Benefits of Condominiums Condominiums are considered as some of the most popular types of housing in the Philippine market, and that is because of its collection of modern benefits.

Accessibility and Amenities One reason why condominiums had gained a lot of popularity int he Philippines is because of its location, in which most of these types of real estate in the Philippines are found in business and commercial districts, such as in Makati City.

In addition to its accessibility to business and commercial districts, condominiums are also known for its unique collection of amenities. Other than its maintainability and security, condominiums are also known for its collection of resort facilities, including swimming pools, gyms, sports complexes.

Flexibility Another reason why condominiums had gained a lot of popularity is because of its flexibility in which a number of condominiums are also found in the outskirts of Metro Manila. These types of condominiums are known as condominium complexes. Because of its location, condominium makati can offer an environment suitable for growing Filipino families, particularly for their children.

The Best Housing Both types of housing can offer the best benefits for their residents. It all depends on the needs of its residents, whether they needed to live in a home where they can take advantage of its location, or an affordable home for their needs.

Find more residential properties at www.alveoland.com.ph.

3UG3TXS3SCK3

Makati condo project eyed to bring in P1.4B for ALI

LISTED property developer Ayala Land, Inc. (ALI) expects to generate around P1.4 billion in sales from its latest Lerato Tower 2 condominium in Makati City on top of P1.6 billion it aims to bag from the project’s nearly sold-out first phase, an official said.

The firm is infusing P1 billion for the construction of the second tower, lower than the P1.4 billion for the first building, Aris C. Gonzales, project development manager of Ayala Land subsidiary Alveo Land Corp., said at a briefing yesterday.

The 24-floor second tower will house 360 units to be sold at an average of P115,000 per square meter (sq m.).

Prices will range from P3 million to P4 million for the 30-31 sq m. studio units, P5 million to P6 million for the 48-54 sq m. one-bedroom units and P8 million to P10 million for the 78-85 sq m. two-bedroom units.

Mr. Gonzales said the excavation for both towers located at the business district of Makati is ongoing.

Already, 91% of Lerato Tower 1 (condo in Philippines)units have been sold out, he said.

Alveo Land expects Tower 2 to fare well in sales, like the first tower, which had an average selling rate of 35 units per month.

"The turnover for Tower 1 will be on the third quarter of 2015, while for Tower 2 it will be on the third quarter of 2016," he added.

Mr. Gonzales also conveyed that Alveo Land is looking to launch another condominium makati project within the year which will be located in Legaspi Village, Makati City.

However, he declined to elaborate, saying the project is still under initial planning.

Aside from condominium units, Ayala Land earlier announced its venture on socialized housing by making a new subsidiary that will handle its first project in General Trias, Cavite on the 10-hectare lot owned by the firm.

The firm said the creation of its fifth brand Buena Vida was touted to cater to the low-end market, offering lot packages amounting to around P400,000 and trimmed downpayment of 5% from 10%.

The property developer currently operates four residential brands:

luxury Ayala Land Premier, upper- and middle-income Alveo, affordable Avida, and mass housing Amaia.

Ayala Land's net income in the first semester surged by 35.46% to P3.87 billion from P2.87 billion of the same period last year.

Ayala Land shares slipped by 2.02% yesterday to close at P15.50 per share from the previous day.

YEQ9PDZHU7NZ

Get Inspired: Colors of Comfort

Discover a unique sense of art and flair in the
boutique community of Ametta Place.

Join us as we celebrate the design trend of the season.

Tints and Trends
Unleash your inner stylist as an interior design expert shares great tips on dressing up a new home. Learn how to use colors, mix and match hues, and personalize your space.

Shades of Style
Visit an exclusive showcase of special tableaus highlighting the color block design trend, right inside the Ametta Place model unit.

02 October 2011 (Sunday)
12:00NN - 5:00PM
Ametta Place Clubhouse,
Mercedes Avenue, Pasig City

RSVP
Marynol Alejandro
(632) 848.5100

condominium makati

The Luxury of Living in a Home in Business Districts

Some of the most popular types of housings in the Philippines today are condominiums. Part of what made these types of housings popular, according to many experts, is its accessibility to business and commercial districts.

Condominiums had gained a lot of popularity in the Philippines because of its many benefits, and one of those is because of the accessibility that it can offer to its residents that made it even more popular and in-demand in the country.

The Luxury of its Accessibility
One of the many reasons why condominiums had gained a lot of popularity in the Philippine market is because of its accessibility. According to many Filipinos, condominiums first became popular in the country as a type of home which can enable it residents to easily and conveniently access their workplaces, while avoiding the usual hassles of morning rush hour. This is because condominiums are mostly found in different popular business and commercial districts, such as the many condominium makati City.

Although found in some of the busiest districts in the country, condominiums can still offer same luxury of living in a peaceful home away from the city, such as the same privacy, peace, and security.

Because of this, condominiums quickly became popular in the Philippines, particularly among many executives, high-wage earners, as well as wealthy families. However, there are other reasons why condominiums became popular other than the benefit of its accessibility. Some of those include its collection of amenities.

Other Popular Benefits of Condominiums
In addition to the luxury of its accessibility, another reason why condominiums became popular and in-demand is because of its collection of amenities, such as its own maintenance and security personnel.

In addition to that, condominiums can also offer a number of popular resort facilities that made it unique in the market. This is because condominiums are the only types of modern Philippine properties in business and commercial districts that can offer facilities such as swimming pools, gyms, and sports complexes.

In addition to that, there are also a number of new condominiums in the Philippines today that can offer a new benefit which made it even more popular in the market, and that is the benefit of its new payment terms.

New Payment Terms
Another reason why condominiums had gained a lot of popularity, particularly in today’s modern trends, is because of its new term of payment. This is because many newer condominiums in the country today can now be bought and paid in installment. Because of this, condominiums became even more popular and in-demand in the Philippines, particularly now that these types of housings had become even more cost-efficient compared to renting an apartment unit.