Title Are Condos the Future of Housing in the Philippines?
More and more, the residential side of real estate is becoming populated with condominiums. What once were considered spaces for singlesindependently working have now become structures built within subdivisions and their own enclosed neighborhoods. These are perfect for modern families growing in the new age.
As the population increases and cities become denser, decent housing continues to become a massive concern for home seekers. Whether they opt to rent out or buy their own unit, condos are taking over because of their accessibility in more ways than one.
Millennials start taking up most of the demographic of homeowners and renters. Taking a look at this generation’s priorities with their investments shows a desire to live “smarter.” It can be by making use of smart technology, mapping out finances while setting aside money for leisure, or finding a space that they can easily maintain in the heart of the country’s biggest commercial hubs.
This generational change in priorities when finding the perfect real estate investment is defining why tomorrow’s nuclear families will most likely be in a unit smack dab in the middle of the bustling urban scene. These days, it’s no surprise to find the target demographic of Filipino millennials searching for a condo in Katipunan. It’s within the proximity to universities, recreational areas full of restaurants and more, and office spaces throughout Quezon City, making it an attractive choice based solely on practicality.
Quezon City, Makati, and Ortigas still stand as commercial epicenters in the Philippines’ National Capital Region, so those areas are likely to find the most continuous uptick in condo dwellers. More property developers are addressing this demand by building structures in said districts, specifically with prices and set-ups that cater to the mindset that is meeting real estate buyers now.
With payment plans that are open to rent-to-own, designs that favor smart homes (with keyless entry and internet access), and locations that are near busy locales, condominiums are being built with no shortage in sight. This precisely makes them even more accessible to a generation that has had to deal with recession and less space left by their predecessors.
Condo? Can Do
The advent of technology is also part of what makes these even more likely options for consumers tied to their mobile phones. These days, property listings and viewings are propped up online because more house hunters are sticking to scrolling before even picking a place to scout in person.
With blueprints and units more smoothly uploaded and viewable with ease, buyers can peruse through dozens of options quickly and find something that suits their needs based on convenience. When looking for the home they will build their future in, consumers are no longer looking for vast spaces that are hard to pay up for.
It’s all about having a functional space that brings them closer to the things that matter to them- whether it’s the office, a hospital, the airport for their travels with pals, or the mall with those social media-worthy restaurants. Condos offer an option that caters to tomorrow’s fast-paced lifestyle, instead of homeowners or renters having to fit their life into a home that no longer stands with busy streets and overpopulated commutes.