Condominium: Real Estate and Luxury Condominiums

1567 WordsJan 30, 20137 Pages
Benefit Of Getting A Condo Vs. Residential Houses. September 25, 2008, Thu | Condominiums come in a variety of styles. Some are simply apartments that have been reclassified as condos. Others are much nicer with a real homey feel to them. Its price is simply put; a two bedroom condo will almost always be priced lower than a two bedroom home in nearly every area of the country. There are luxury condos that trump this rule, but there are exceptions to just about every rule. Regardless, the lower price creates a good entry point for first time buyers into the real estate market. The lower price equates to a lower mortgage and thus makes it easier to get the finances together to handle the purchase process. Second thing is that a condo…show more content…
For instance, the first residential project, the 46-story Shang Grand Tower in Makati, was completed ahead of schedule. “Most people would rather invest in real estate than hard solid assets,” said Formoso. “In a city like ours, the only place to go is vertical. If you want to live in a new horizontal development like Santa Rosa, commuting is difficult, as it takes up too much time. People prefer to live close to the workplace. It’s for your quality of life,” said Formoso. He added, in a development such as this, Shangri-La Properties is giving back the buyer the precious gift of Rockwell Land Corporation is one of the premier real estate development companies in the Philippines. It was formed in 1995, after the shutdown of the thermal power plant, by the Lopez Group. Its primary task was to transform the old thermal plant property into a high-end commercial business district, truly a benchmark for innovation in the Real Estate industry. Rockwell Center, the company 's flagship project, sits on a 15.5-hectare site in Makati City. It is strategically located between the three major commercial business districts of Makati City, Bonifacio Global City and Ortigas. The Center has been successfully developed into a self-contained, mixed-use community consisting of seven high-rise upscale residential towers, two office buildings, a lifestyle shopping mall, a city club, and a leading business graduate school. EXPATS FUEL GROWTH OF
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