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What are the kinds of residential Philippines properties for sale are popular in today's market? There are many popular types of housings in the Philippines today, and one of the most popular, according to real estate experts, are condominiums. What are Condominiums? Condominiums are type's housings in the Philippines that gained a lot of popularity among many modern Filipinos. Other than just the name of a type of housing, the term condominium is also used as a type of ownership, or a housing tenure. It defines a type of ownership in which a unit in an apartment building or a house in a community is owned individually, while the rest of building or community is jointly owned. Compared to other types of popular housing tenures, such as tenancy, condominium were only recently introduced in the real estate industry of the Philippines. However, though new, it quickly became a very popular type of housing in the Philippine market. And the reason why is because of its many modern benefits. Modern Benefits of Condominiums Condominiums had gained a lot of popularity in the modern market compared to most types of housings in the country. This is because these types of housings are normally found in business and commercial districts, such as those found in Makati City and in other popular business districts around the country. Because of its location, many modern Filipinos found these types of housings necessary for their needs, which allowed them to live within mass transit distance or walking distance from their workplaces as well as other popular commercial areas such as malls, shopping centers, and many others. This made it easier for them to avoid the usual hassles of rush hour. Another reason why condominiums had gained a lot of popularity is because, according to many real estate experts, condominiums are the only types of housings found in business and commercial districts that offer amenities such as indoor swimming pools, gyms, and sports complexes. Other Types of Condominiums Other than condominiums found in business and commercial districts, there are also a number of new condominiums in the Philippines that can offer the kinds of modern housings that many modern Filipino families seek. These new types of condominiums are known as condominium complexes. Condominium complexes are types of condo Philippines that are mostly found around the outskirts of Metro Manila as well as in some popular provinces such as in Tagaytay. Because of its location, condominium complexes became a popular type of housing for those Filipinos that wished to live outside the city and for those that wanted to raise a family outside the city.