A condominium, or condo, is the form of housing tenure and other real property where a specified part of a piece of real estate (usually of an apartment house) is individually owned while use of and access to common facilities in the piece such as hallways, heating system, elevators, exterior areas is executed under legal rights associated with the individual ownership and controlled by the association of owners that jointly represent ownership of the whole piece. Colloquially, the term is often used to refer to the unit itself in place of the word "apartment". A condominium may be simply defined as an "apartment" that the resident owns as opposed to rents.
Condominium is the legal term used in the United States and in most provinces of Canada. In Australia, New Zealand and the Canadian province of British Columbia it is referred to as strata title. In Quebec the term "divided co-property" (French: co-propriété divisée) is used, although the colloquial name remains 'condominium'. In France the equivalent is called copropriété (co-ownership), usually managed by the syndic. In South Africa, this form of ownership is called Sectional Title, with the owners constituting the Body Corporate.
Condominium is the legal term used in the United States and in most provinces of Canada. In Australia, New Zealand and the Canadian province of British Columbia it is referred to as strata title. In Quebec the term "divided co-property" (French: co-propriété divisée) is used, although the colloquial name remains 'condominium'. In France the equivalent is called copropriété (co-ownership), usually managed by the syndic. In South Africa, this form of ownership is called Sectional Title, with the owners constituting the Body Corporate.
STA. ANA CONDOMINIUM, MAKATI
Furnished:NoPets:NoBroker Fee::No Manila RiverCity residences
Sta. Ana Manila
-Water featured condominium development
-Resort type amenities
-Accessible to business and commercial centers of Makati, Mandaluyong, Manila and Pasay
-Near Schools
-24 hour security
As low as P5,000/mo.
Sta. Ana Manila
-Water featured condominium development
-Resort type amenities
-Accessible to business and commercial centers of Makati, Mandaluyong, Manila and Pasay
-Near Schools
-24 hour security
As low as P5,000/mo.
Overview The difference between a condominium and an apartment complex is purely legal: there is no way to know a condominium from an apartment simply by looking at or visiting the building. What defines a condominium is the form of ownership. The same building developed as a condominium (and sold in individual units to different owners) could actually be built someplace else as an apartment building (the developers would retain ownership and rent individual units to different tenants). As a practical matter, though, builders tend to build condominiums to higher quality standards than apartment complexes because of the differences between the rental and sale markets.
Technically, a condominium is a collection of individual home units and common areas along with the land upon which they sit. Individual home ownership within a condominium is construed as ownership of only the air space confining the boundaries of the home (Anglo-Saxon law systems; different elsewhere). The boundaries of that space are specified by a legal document known as a Declaration, filed of record with the local governing authority. Typically these boundaries will include the drywall surrounding a room, allowing the homeowner to make some interior modifications without impacting the common area. Anything outside this boundary is held in an undivided ownership interest by a corporation established at the time of the condominium’s creation. The corporation holds this property in trust on behalf of the homeowners as a group–-it may not have ownership itself.
Condominiums have conditions, covenants, and restrictions, and often additional rules, that govern how the individual unit owners are to share the space.
It is also possible for a condominium to consist of single family dwellings: so-called "detached condominiums" where homeowners do not maintain the exteriors of the dwellings, yards, etc. or "site condominiums" where the owner has more control and possible ownership (as in a "whole lot" or "lot line" condominium) over the exterior appearance. These structures are preferred by some planned neighborhoods and gated communities.
Technically, a condominium is a collection of individual home units and common areas along with the land upon which they sit. Individual home ownership within a condominium is construed as ownership of only the air space confining the boundaries of the home (Anglo-Saxon law systems; different elsewhere). The boundaries of that space are specified by a legal document known as a Declaration, filed of record with the local governing authority. Typically these boundaries will include the drywall surrounding a room, allowing the homeowner to make some interior modifications without impacting the common area. Anything outside this boundary is held in an undivided ownership interest by a corporation established at the time of the condominium’s creation. The corporation holds this property in trust on behalf of the homeowners as a group–-it may not have ownership itself.
Condominiums have conditions, covenants, and restrictions, and often additional rules, that govern how the individual unit owners are to share the space.
It is also possible for a condominium to consist of single family dwellings: so-called "detached condominiums" where homeowners do not maintain the exteriors of the dwellings, yards, etc. or "site condominiums" where the owner has more control and possible ownership (as in a "whole lot" or "lot line" condominium) over the exterior appearance. These structures are preferred by some planned neighborhoods and gated communities.
Avolon Condominium- Cebu City
Bedrooms:4Square Meters:240Furnished:No Pets:NoBroker Fee::No AVALON CONDOMINIUM RESIDENCES
Truly a Crown Jewel Investment!!!
Strategically located at the heart of cebu Business Park, Cebu City philippines
Penthouse Unit (2 Levels)
SECOND FLOOR
Unit area: 230 sq.ms. or 2,504.70 sq.ft
Price: P25,985,882.32
Reservation: P100,000
1)Spot Cash = PHp 23,807,011.73 ( Net 8% discount & Reservation fee )
2)Deferred Cash = PHp 2,092,192.15 ( Net of 3% discount, monthly amortization for 12 months 0% interest )
3)Spot 30% Downpayment = PHp 7,305,976.46 ( 5% discount on downpayment ) ; Balance of 70% monthly amortization of 12 months at 0% interest is PHp 1,515,843.14
4)Spot 40% Downpayment = PHp 9,670,691.75 ( 6% discount on downpayment ) ; Balance of 60% monthly amortization of 12 months at 0% interest is PHp 1,299,294.12
5)Spot 50% Downpayment = PHp 11,983,435.28 ( 7% discount of downpayment ); Balance of 50% monthly amortization of 12 months at 0% interest is PHp 1,082,745.10
6)Easy Equity Payment Scheme
=30% Downpayment for 12 months at 0% interest is PHp 641,313.72
-70% Balance - thru In-House financing - 5 years term at 12% per annum the monthly amort. is PHp 485,069.80
Truly a Crown Jewel Investment!!!
Strategically located at the heart of cebu Business Park, Cebu City philippines
Penthouse Unit (2 Levels)
SECOND FLOOR
Unit area: 230 sq.ms. or 2,504.70 sq.ft
Price: P25,985,882.32
Reservation: P100,000
1)Spot Cash = PHp 23,807,011.73 ( Net 8% discount & Reservation fee )
2)Deferred Cash = PHp 2,092,192.15 ( Net of 3% discount, monthly amortization for 12 months 0% interest )
3)Spot 30% Downpayment = PHp 7,305,976.46 ( 5% discount on downpayment ) ; Balance of 70% monthly amortization of 12 months at 0% interest is PHp 1,515,843.14
4)Spot 40% Downpayment = PHp 9,670,691.75 ( 6% discount on downpayment ) ; Balance of 60% monthly amortization of 12 months at 0% interest is PHp 1,299,294.12
5)Spot 50% Downpayment = PHp 11,983,435.28 ( 7% discount of downpayment ); Balance of 50% monthly amortization of 12 months at 0% interest is PHp 1,082,745.10
6)Easy Equity Payment Scheme
=30% Downpayment for 12 months at 0% interest is PHp 641,313.72
-70% Balance - thru In-House financing - 5 years term at 12% per annum the monthly amort. is PHp 485,069.80
MAGNOLIA PLACE CONDOMINIUM,TANDANG SORA
Bedrooms:2Bathrooms:1Square Meters:42 Furnished:NoPets:YesBroker Fee::No Magnolia Place Condominiums
Tandang Sora Extension, quezon City
A PROJECT OF DMCI HOMES, THE PHILIPPINES FIRST TRIPLE A DEVELOPER
"A HOME THAT SOOTHES REFRESHES, INSPIRES. IMAGINE COMING HOME TO A REFRESHING HAVEN WITHOUT LEAVING THE SCENE. WHERE INTIMATE BONDING MOMENTS WITH YOUR FAMILY SPONTANEOUSLY HAPPEN. WHERE INSPIRATION FLOURISHES WHEREVER YOU TURN. STEP INSIDE MAGNOLIA PLACE"
We are pleased to announce our 5% move in Promo for selected buildings in Magnolia Place Tandang Sora Extension QUEZON CITY!
Tandang Sora Extension, quezon City
A PROJECT OF DMCI HOMES, THE PHILIPPINES FIRST TRIPLE A DEVELOPER
"A HOME THAT SOOTHES REFRESHES, INSPIRES. IMAGINE COMING HOME TO A REFRESHING HAVEN WITHOUT LEAVING THE SCENE. WHERE INTIMATE BONDING MOMENTS WITH YOUR FAMILY SPONTANEOUSLY HAPPEN. WHERE INSPIRATION FLOURISHES WHEREVER YOU TURN. STEP INSIDE MAGNOLIA PLACE"
We are pleased to announce our 5% move in Promo for selected buildings in Magnolia Place Tandang Sora Extension QUEZON CITY!
Magallanes Residences Condominium
Magallanes Residences is an exclusive and prestigious complex with three 7-storey residential condominiums which is an addition to the growing MRBs (mid rise condos) being constructed in Davao City. It is within Davao’s downtown area and few steps away from some of the major tourist destinations in the city such as San Pedro Cathedral, Museo Dabawenyo, Davao City Hall, and Sangguniang Panglungsod. It is located in a business district where one can find the bustling San Pedro street which is home to numerous shopping arcades.
—Developer: DMC Urban Property Developers Inc.
—AMENITIES & FACILITIES:—single loaded corridors, elevators, laundry, drying areas, guarded entrance, perimeter fence,24-hr security, underground drainage and—electrical facilities, waterdistribution system, parking areas, clubhouse, infinity pool, basketball court, playground, parks, landscaped areas—fire sprinklers system, provision for hot and cold water connection, generator set per building.
—Developer: DMC Urban Property Developers Inc.
—AMENITIES & FACILITIES:—single loaded corridors, elevators, laundry, drying areas, guarded entrance, perimeter fence,24-hr security, underground drainage and—electrical facilities, waterdistribution system, parking areas, clubhouse, infinity pool, basketball court, playground, parks, landscaped areas—fire sprinklers system, provision for hot and cold water connection, generator set per building.