With the hustle and bustle of the city and the terrible traffic situation, the demand for condominiums has significantly increased in the past years. Apart from the convenience, owning a condo unit can also be a wise investment for young professionals and families as they can either rent out or resell the property.
As more families demand exclusivity and unparalleled comfort, the demand for luxury condominiums is also increasing despite the hefty costs involved.
Here are a number of reasons for this growing interest in luxury condo developments:
If you live in a condominium, you wouldn’t have to worry about maintaining the façade of your house or the facilities around your unit. All you have to think about is taking care of what is inside your condo space. With luxury condominiums, you’re guaranteed that the building and its amenities are well-maintained for the residents’ convenience. These will all be covered by the monthly association dues. This takes away your worries in replacing bulbs, repainting, pest controls and whatnot. You get more time to focus on yourself and family.
Accessible to business districts
Luxury condominiums are usually located, if not within, near business districts like Makati, Rockwell, Fort Bonifacio, Ortigas, and Eastwood. International schools and major entertainment, dining, and shopping hubs are also either walking distance or just a few-minute drive away.
Convenience and work-life balance
If you are working in the city, living in a luxury condominium is more ideal, as it is usually tucked away from crowded areas. Your daily travel time to work is significantly minimized, so you get to spend more time on things that matter to you or relax after a day of working hard, thereby promoting a healthy work-life balance.
Anchor Land’s Copeton Baysuites, for example, is set to rise along Macapagal Boulevard right next to City of Dreams and Ayala Mall Bay Area. It is also near other world-class developments such as Entertainment City and the Mall of Asia compound, where several corporations are headquartered. Moreover, it lies near some of the best international schools like the Singapore School Manila and Nord Anglia International School Manila.
High-end condominium amenities
They are labeled as luxury condominiums for a reason. While they come with a higher price tag, there’s no doubt that you’re going to get what you pay for.
Luxury condos provide great comfort and extravagant living to their residents with a variety of luxury amenities they can enjoy without worrying about the upkeep. Some of these include soundproofed units, lounges, function halls, playgrounds, fitness centers, sauna, entertainment rooms, and lap pools. Imagine having unlimited access to those—all within the comfort of your own exclusive neighborhood. If you are after the finer things in life, you will appreciate the unique architectural design, over-the-top attention to detail and opulent finishes these properties are often accompanied with.
Admiral Baysuites is the perfect example of a luxury condominium with top modern and state-of-the-art amenities. The residential building has two separate wings. The West Wing offers spacious residential suites which have three to five bedrooms in either flat or bi-level type. These lavish units include the Premiere and Director Suites, which even has their own private pools. Now that’s luxury at its finest. The East Wing, on the other hand, offers residential suites in one and two-bedroom types. These units are spacious and are already fully furnished with carefully chosen fixtures.
Modern and top-notch security
Luxury condos have round-the-clock security personnel, with modern and top-notch security equipment like 24/7 camera and video surveillance.
Safety is an absolute priority in luxury developments. Most luxury condominiums offer the best safety features especially for the plumbing and electrical works. They are also carefully planned and constructed to avoid any chance of accidents to occur. In addition, common areas are also well-lit and have enough ventilation.
Condominium units are stereotyped as boxes with limited spaces to work with. However, more and more real estate companies are developing high-end residential condominiums which offer spacious units.
Luxury condominiums like the Admiral Grandsuites offer their residents spacious units, which allow occupants to enjoy a breathtaking 180-degree and 360-degree views of Manila Bay. This 43-storey residential building only offers a very limited number of units: 51 to be exact. If you love sunsets, you’ll enjoy the famous sunset of Manila Bay and a spectacular view of the Manila skyline at the Admiral Grandsuites.
Good long-term returns
Real estate is still one of the safest investment vehicles, and investing in a luxury condominium can give you good property sales value. Luxury condos sell quickly during the pre-selling due to the quality of living they offer to the residents.
And with more foreign interest in the Philippines’ real estate market, the economy is ripe for investments like luxury condominiums.