Month: June 2019

Condominiums had continuously held its recognition as one of the most popular type of modern housing in the Philippine market. Although it was only a few decades ago when these types of housings were introduced in the country, which is unlike that of apartment buildings and townhouses, condominiums were quickly recognized for its many unique and modern benefits that made it popular among many Filipinos.

Popular Benefits of Living in a Condominium Unit One of the first reasons why condominiums had gained a lot of popularity in the Philippine market is because of its location, in which the first condominiums are mostly found in business and commercial districts, such as in Makati City.

Because of its location, condominiums can offer their residents the advantage of living in a home walking distance or mass transit distance away from their workplaces, making it easier for them to avoid the usual hassles of morning rush hour. This allowed them to spend more time relaxing at home before going to the office rather than waste hours in a traffic jam.

However, condominiums are not the only types of housings in the condo Philippines that can offer such benefits. Apartment buildings and townhouses are known for these kinds of benefits, and the advantage of apartment buildings is that its more affordable compared to condominium units, while townhouses offer more space compared to condominiums.

The reason why condominiums rose above the competition is because of its collection of luxurious amenities. According to many Philippine real estate experts, condominiums are the only types of modern housings found in business and commercial districts that can offer facilities such as indoor swimming pools, gyms, and the more recent amenity, a full-size sports complex complete with basketball and volleyball courts.

Because of these modern benefits, condominiums can not only offer the luxury of accessibility that allows its residents to access their workplaces easily, but to also have the advantage of giving their residents activities which can help in relieving their stresses from work such as by swimming, working out, and even in sports.

New Benefits of New Condominiums There are also a number of new condominiums in the Philippine market today that can offer different popular benefits for its residents. One of the most popular benefits that these new condominiums can offer is a new payment term in which these new condominium units can now be owned and paid in installment.

Because of this, condominiums became even more popular among many Filipinos who lacks the necessary capital at hand to buy a condominium unit, as well as more cost-efficient compared to renting an apartment unit.

If you are looking for vacation hua hin rentals for a short term or long term rentals property hua hin then you should probably read this article.
Tira Tiraa, Thailand, the first boutique condominium project in the entire country. One of the most popular sights in Thailand for relaxing and recharging your energy, with the temptation of natural beauty and a convenient lifestyle. Fully furnished and fully kitchen equipped.
The building was unveiled earlier, yet it still continues to maintain the same style and modernity as its more recent counterparts. The best part about it is that it is just 15 minutes walk away to beach. If one has to talk in geographically accurate terms then yes the building being at hua hin beach road and not to far from the down town. It does not pose a problem as buses run at regular intervals to and fro thus making it only a couple of minutes away from central Bangkok.

The building, Tira Tiraa, still has the very best apartments for rent in Thailand. There are a variety of apartments availablethree bedrooms, two bedrooms and even some studio rooms. The average rent for a rental apartment in the metro is between 35,000 Baht/month.
The Tira Tiraa has a lot of facilitiesit is a luxury ocean liner on land! It has an amazing pool with nice adjoining shady areas to unwind and relax. A bar accompanies the pool, along with a restaurant that caters to both European and the indigenous Thai tastes. The Tira Tiraa also has a Fitness Room, Sauna Room, nearby International Golf courses etc.
The Tira Tiraa is both functional and great as either a holiday home or a vacation rentals hua hin. The building is well connected to most places by buses. You will find that the Hua Hin beach is especially near is also a couple of minutes away. If you plan to take a walk on the beach road, then you will find a variety of shops and restaurants.

There are many popular types of Philippines properties for sale in the market today, and some of the most popular, according to many experts, are residential real estates. One of the most popular types of housing today, according to these experts, are condominiums.

The Rise of the Condominium Industry of the Philippines Compared to other types of housing other than the typical house, such as apartments and townhouses, condominiums were only recently introduced in the Philippine market. However, it quickly gained a lot of popularity because of a number of benefits in which many Filipinos have take advantage of, such as its location.

Advantage in Location According to many real estate experts, the first reason why these types of residential Philippines properties became popular is because of their locations, which are normally found in business and commercial districts.

Because of the accessibility it offered to its residents, many Filipinos found these types of housing modern, particularly because it gave them the necessity they were looking for, which is the luxury of living within walking distance or mass transit distance to their workplaces, allowing them to avoid the hassles of rush hour.

Other than the luxury of its location, condominiums are also known for its other luxuries, such as its maintainability as well as high security.

Advantage in Maintainability All condominiums are known to hire their own maintenance personnel who assures the functionality of other facilities found in the condominium, such as its cooling systems and elevators, as well as its hallways, garage, storage areas, the lobby, as well as its recreational facilities (if there is any).

Advantage of Security Another advantage of living in a condominium is its security. Because most if its residents are of high stature, such as wealthy families as well as company executives, these condominiums are mostly heavily guarded, to assure the safety of their residents from any harm.

Advantage for the Family Although not all condominiums are known for its family-oriented environment, particularly the condominiums found in business and commercial districts, a number of new condominiums were established around Metro Manila which aims to offer the best environment for the family. These types of residential Philippines properties are called condominium complexes.

Advantage in Luxuries In addition to its family-oriented environment, condominium complexes are also known for its amenities such as swimming pools, gyms, recreational parks, and playgrounds which add to its luxurious atmosphere.

Disadvantages of Condominiums Other than its advantages, there are also a number of disadvantages to condominiums. One common disadvantage is its expensiveness, even with condominium complexes. Another major disadvantage of condominiums is its condo fees, which are normally paid for the whole maintenance of the condominium as well as wages for its hired personnel.

For condominium complexes, the disadvantage is its location, which is normally found in the outskirts or even in provinces. Because of this, residents may find it harder to get back to their workplaces compared to living in a typical house found in residential districts of nearby cities.For more information visit to our site at http://www.avidaland.com

Condominium Insurance
Are You Really Insured?

Are you properly insured against fire, theft or water damage to your condominium or townhouse? If a disaster strikes, who is going to repair the damage? Will your condos insurance cover damage inside the condo or is that up to you?

You may need to get what is known as an HO-6 policy. This type of insurance protects you – the owner of the condo or townhouse and makes sure that your home gets returned to its proper condition following a disaster.

When most people first buy a condo or townhouse they call their insurance agent, explain they are purchasing a condominium unit and that they need to provide proof of insurance to their lender. The agent then supplies proof of insurance for the mortgagee in the form of a Certificate of Insurance or some other Proof of Insurance and the transaction is complete. Usually that proof of insurance relates to the condominium association master policy, not to your personal condo unit.

In most cases, however, there is large gap in coverage for the interior of your condo. Most condo association master policies just cover the exteriors and common areas. If you, the condo owner suffer a loss, you most likely will be underinsured or not insured at all unless you had an HO-6 policy.

In order to fully determine the adequacy of your coverage, you and/or insurance agent need to review the condominium master policy and the condominium governing documents (CC&Rs). It is possible your condominium has walls-in coverage on their Master Policy (now required by Fannie Mae). However, this may be a false sense of confidence in the coverage as walls-in coverage would likely be limited to replacing the interior fixtures with what was originally installed.

So, if you have a 30 year-old condo that was upgraded recently with granite counters, custom cabinets, marble flooring, dual-paned windows, etc., then you would only be paid to replace the original fixtures formica counters, green shag carpet, low-grade cabinets and single-paned windows. However, an HO-6 policy with replacement cost coverage would assure you that you have coverage for what you had at the time of loss. Just as important, the HO-6, in Coverage, A will probably insure the condominium association master policy deductible if it is assessed to the unit owner.

Even worse would be to discover your condominium association only had a bare walls policy. This means that you have absolutely no coverage for anything inside your unit. If you suffer a loss, you would essentially be without coverage unless you also had an HO-6 policy.

Bangkoks property market shows no signs of slowing down in terms of new construction of condominiums as projects along Sukhumvit Road, a top Skytrain route, continue to be launched. The route from the Phloenchit intersection to Sukhumvit Soi 55 or Thonglor is seeing high competition among property developers as they have launched condominium projects worth more than Bt100 billion, with more than 10,000 units.

Since last year nearly 100 projects have been launched in the area by both listed and non-listed property firms. Construction will be complete between the end of this year and 2013, according to a survey by The Nation newspaper last week. Examples are The Clover Thonglor, Le Lux & Sky Walk condominium, Ivy Thonglor, The Trendy Condominium, Noble Phloenchit, Ideo Morph 38, and Aequa.

Condominiums along this route are priced between Bt80,000 and Bt200,000 per square metre.

Luxury residences priced at over 150,000 baht ($5,000) per square metre are located between the Phloenchit intersection and the top of Sukhumvit Road between Sois 1 and 10. From Soi 10 to Soi 55, prices range between 80,000 and 150,000 baht per square metre.

One-bedroom units with a total space of 45-60 square metres are the most popular in this location.

Noble Development president Thongchai Busrapan said that after bookings for Noble Ploenchit opened from June 19-22, the company achieved presales worth Bt7.2 billion, or half of the total project value of Bt14 billion.

“Although this location has high competition, our project is freehold, which is difficult to find in this area, where most projects are for long-leasehold contracts,” he said.

Demand in this location is sufficient to absorb the high number of condominium launches, according to a survey by the Real Estate Information Centre. Since the Skytrain opened in 1999 the whole Sukhumvit area has grown quickly in terms of high-end condominiums and also serviced apartments and hotels. In addition to the condominium projects under construction there are also several five-star hotel currently being built on Sukhumvit Road.

In 2011, the total number of residential units available for sale in Bangkok was 130,282 which included single houses, semi-detached houses, townhouses, condominium units, commercial buildings and land allocated for housing. These projects were not sold out and currently have no problems but at the time of the survey the total units had not been sold and most of the residential projects were only launched shortly before the survey.

Growing demand in this area from both local and foreign buyers who live in Bangkok has driven condominium prices 10-20 per cent higher than their presale prices, depending on how close they are to Skytrain. For example, Ficus Lane on Sukhumvit 44/1, which was priced at 50,000 baht per square metre when introduced in 2005, now sells for 110,000 baht per square metre.

Condominiums on Soi Thonglor that recorded presale prices of about 100,000 baht per square metre now go for more than 120,000 baht per square metre. Condominiums on Soi Ruamrudee priced at 40,000 baht per square metre five years ago have now recently recorded sales at Bt120,000 per square metre.

Condominiums, or usually known as condo units or simply condos, are beginning to become very popular among the people as well as one of the many popular Philippines properties for sale today. This is because, compared to owning a house, condo units are more beneficial, especially for those that have only started a family or for single (non-married) people. So what are the factors that made condos very popular Philippines properties for sale compared to buying their own houses? And what are its disadvantages compared to owning a house?

Advantages of buying a condo unit

Location
One practical reason why condo units are popular is because of its location. Typical condo units Philippines properties for sale today are located on key parts of the country, such in business districts and other popular parts of the country. This way, people could get a chance to avoid and hustles of rush hour.
Maintainability
One key factor that made condo units popular is its easy maintainability. Unlike owning a house, condo units are usually maintained by paid staff of the condominium, making sure that every corner of the condo is properly maintained as well as the garage. For single (non-married) people, particularly those busy ones, would benefit greatly from owning a condo unit.
Cheaper
Compared to buying your own house, condo units are far less expensive. This makes it easier for small families to start on their own.

Disadvantages of buying a condo unit

Monthly fees
Unlike owning a house which is usually a one time payment, monthly fees are commonly required for people owing a condo unit. These fees are required to properly maintain the whole condominium, such as for repainting, maintenance, as well as for the wages of the maintenance and security personnel. Fees charged for the maintenance are different from one condominium to the otherwould usually range from 500 Philippine Pesos to 1500 Philippine Pesos.
Restrictions
Unlike owning a house, condo units are usually run under several rules and regulations, such as owning a pet or choosing what cable network or internet service provider that you want. Another is with renovations. Some condominiums require that tenants that would like to do renovations with their condo units would have to pass first with the committee or with the condominium board of members.
Not suitable for big families
Unlike houses, condominiums are much smaller, which makes it not appropriate for bigger families. Also, some condominiums don’t allow children on their units, as well as the number of tenants in one unit.

A lot of condominium developments have limitations on having house animals, and it really is hard to get interpersonal events due to the insufficient area. Moreover, the capability to alter the structure of the location is quite restrained. With most of these disadvantages, it’s not hard to ask yourself what the point of getting a condominium.

What would make a condominium unattractive to some customers is precisely what would make all of them great houses pertaining to other people. Such as, the tiny block footage as well as lack of a lawn can make condo properties excellent for those who cannot invest all his time about maintaining and preservation. Specifically good with regard to senior citizens in addition to people that have restrained mobility, condominiums demand a reduced amount of work to take care of compared to other forms of properties.

Acquiring neighbors live on top of, next to, and down below you’ll be able to increase residents’ thoughts of safety in the building. In a single family home, there may be a substantial good sense of getting alone, which leaves a lot of people experiencing singled out and weak. For individuals who tend to be nervous with regards to becoming completely independent, obtaining neighbors within arms’ attain could be a good convenience.

Condominiums are outstanding with regard to beginner home potential buyers and all those over minimal finances. Condos are likely to be less expensive compared to unattached houses or maybe townhouses, which often can make all of them obtainable to a considerably much larger portion of the society. Potential buyers would you normally become unable to purchase a home can certainly build-up justness and create a strong fiscal purchase if they obtain a condominium. Moreover, the budget of condominiums allows potential buyers to get property in pricier locales where construction costs are beyond reach.

If finances are not a problem, subsequently think about the benefits of residing in a luxury condominium development. The majority of aspect 24-hour safety and facilities for example pools, exercise centers, in addition to rooftop decks for summer entertaining. With current style and lovely vantage points of the urban center, high-class condo properties generally offer potential buyers an improved regular of residing than they would locate in a regular residence.

Younger pros, partners, pensioners, in addition to very first time that potential buyers tend to be fascinated by condo properties on account of their decreased preservation and good costs. Lots of people are in addition fascinated by the truth that condo properties tend to be found near to urban center facilities, so they are capable to take pleasure in the attractive city life-style. Eating places, galleries, purchasing, and amusement choices are all attainable of a downtown condominium. Commuting to work is fast and quick thanks to the considerable commuter network present in most important metropolitan areas.
Condos are not at all for all of us. If you have a huge family or like to invest time in the lawn, you happen to be in all probability far better suitable to an unattached home.

Because of the fact that a lot of condo developments are easily built near every significant website including schools, office buildings, supermarkets, churches, parks, and transport channels.

A vision condominium is clean and broad, while offering breathtaking view of the whole world outside your personal little planet. The area is warm and hospitable towards locals and foreigners alike. It is really a major concern if you’re searching for an excellent condo dwelling experience. Whenever some people wanted the flexibility to select colour scheme, beautify and style the rooms of their particular condominium unit, others prefer a fully furnished one. Luxurious condominiums give its customers both choices.

Still another vital importance is the place of the condo. When it is built in a tourist area, or possibly a melting pot, then it would surely be perfect! Diversity of tradition is always intriguing, plus it provides the additional benefit of worth appreciation if some time come whenever you decide to offer your device for a new one. If you are going to be away on a vacation and if you aren’t prepared to market it however, then maybe you’re able to hire it out to vacationers. You’re able to create truly attractive income from doing this.

Envision how easy it might really be to make the journey to work (or college) or to dash towards the supermarket if you leaped out of some materials. In sense, condos are mostly fine looking, with fashionable types including neo – Asian to Mediterranean to ultra modern, even futuristic. It is so nice to really go home to your own loved ones within your lavish condo after a exhausting day. You could view the sky vue condo floor plans here to get an idea what it will be prefer to live in one!

Exactly what is a luxury condominium like? Despite the differences of the people’s style and fashion, each of them seem to concur in the calibre of perfect condo and residence community. Why do you think folks should select for a extraordinary and luxurious condominium? Other than its closeness to key places, it has lots of verdant greens that are calming, calming, relaxing. The ambience is inviting and enjoyable, as well as the whole neighborhood is guaranteed at all instances. It’s disaster management in addition to fire protection techniques.

Luxurious condominium community should have a good mixture of city and rural elements. You get the character vibe right within the heart of the city. There are practical conveniences. Gymnasium, cabanas, pool, and clubhouse are conventional. Additionally, there are jogging paths at which you can have rejuvenating morning jogs and also a field for activity activities such as tennis / badminton, basketball, and the wants. Cycling paths are beginning to get in style, too. They have a well-tidy parking area. The infrastructures are of great quality.

Contemplating each of the things discussed, a luxurious condominium is actually a location you could phone your safety; it is your own small nirvana; a location where you really need to become.