Rise Of The Condominiums

According to many experts in the Philippines, though condominiums have only been recently introduced in the Philippines compared to townhouses and apartments, its popularity rapidly grew in the market.


There are many types of or real estates/properties for sale in the market today, most of which are residential real estates. Houses are still a popular type of real estate in the Philippines. Though its demand have recently dropped, particularly in Metro Manila, many new housing are still built along the neighboring provinces of Metro Manila.

The demand of townhouses, on the other hand, have significantly dropped in the market. Part of what caused this drop is because of its expensiveness in the market as well as the rise of condominiums. According to many experts in the Philippines, though condominiums have only been recently introduced in the Philippines compared to townhouses and apartments, its popularity rapidly grew in the market.

Rise of the condominiums
Condominiums first became popular in the Philippines because of its benefits that other types of residential Philippines properties lack. This includes the benefit of location. Though according to many Filipinos, its luxurious lifestyle is what made condominiums popular with many of the wealthiest Filipinos, the prime reason for its popular was with its location. Most of the first condominiums were found in major business and commercial districts of Metro Manila.

Because of its location, many Filipinos have found it beneficial, especially when their workplace is near their condominium. This allowed them to avoid the usual rush hour in the morning and in the afternoon. However, what made these types of condominiums more popular is its luxurious peace, quiet, and privacy in the heart of a very busy district.

The condominium today
Today, most condominiums have moved from the city, to a more secluded and peaceful location, most of which are found along the neighboring cities and provinces of Metro Manila such as the many condominiums in Novaliches and Taguig, and even in provincial areas such as in Tagaytay.

Though not as beneficial compared to condominiums in the city, in terms of location, these types of condominiums are known for its other luxuries. According to many experts, these types of residential Philippines properties are known as condominium complexes.

Condominium complexes are similar to townhouse complexes, a popular type of townhouse in many Asian countries. Its prime goal is to provide a luxury that city condos lack, such as its peaceful environment, perfect for growing children, as well as with its amenities including swimming pools, gyms, and recreational areas.