Why Live in a Condo?
Condo living is usually more appealing to most people because of ease of maintenance as compared to a high-maintenance home. The units are also easier to protect when you leave since the unit’s safety is enhanced further with security measures that have high-tech features such as CCTV cameras, fire protection alarm system, and 24/7 roving guards. Federal Land’s project in Makati, called The Grand Midori Makati, adds one feature not common to other high-rise developments. Unit owners are issued with Personal Access Card Key (PACK) to eliminate unauthorized access to residents’ floors.
According to a recent study conducted by CB Richard Ellis, a property management consultant, “investment in green buildings is recoverable not only through energy cost savings but also through higher rent and increased occupancy in the long-run.” The latter notion was affirmed by another research, which indicated that larger units and more luxurious apartments are now being preferred by quality expatriate tenants. This market covers those who are willing to pay an average of $4,000 per month for a 250-square meter, three-bedroom luxury unit.
If you are one of those busy executives in the metro who have since become tired of long commutes to and from work, then living in a condo could be just the right choice for you since these projects are usually well-situated in the city. This way, you no longer need to wake up early to compete with others during the early morning rush, plus you also get to spend more quality time with your family and friends since your workplace and your home are just a short distance away.