The Benefits Of Condo Living

Federal Land Cites Lifestyle Attractions

November 14, 2012, 4:15pm

ONE-BEDROOM deluxe condo.

With so many high-rise residential developments now sprouting almost everywhere, real estate developers have learned to employ different strategies for their projects to be singled out. Some package their products as resort-inspired residences, putting emphasis on luxurious amenities. Others tap foreign endorsers and celebrities to increase market value.
But all that seem to have changed with the series of flooding and other natural calamities that had hit the country in recent years. Families who have become wary of suddenly finding their homes inundated with flood waters have since demanded for residential developments in well-located areas (i.e., flood-free, located on higher grounds), thus making high-rise living or the so-called condominium lifestyle a much-sought after commodity.
Jose Mari Banzon, general manager of Federal Land, said it’s about time home buyers and investors consider the added value of investing in a high-rise residential development.
Federal Land is the property development arm of GT Capital Holdings. It has established a reputation as a builder of quality, high-rise residential projects.
“By adopting international standards in all our high-rise developments, we are not only providing clients the convenience of having all things they need easily within reach, we also afford them peace of mind knowing that their properties are safe from harm,” explained Banzon.
He enumerated five reasons why it is time people should consider “condo living” as a rewarding investment.
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Safety ensured
Condo living is usually more appealing because of ease of maintenance as compared to a house.  The units are also easier to protect when you leave since the unit’s safety is protected by 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 – a Personal Access Card Key (PACK) issued to unit owners, to eliminate unauthorized access to residents’ floors.
Higher appreciation
Investors know that most high-rise developments are popular today owing to their long-term value and high appreciation. A recent study conducted by CB Richard Ellis, a property management consultant, showed that “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 USD4,000 per month for a 250-sqm, three-bedroom luxury unit.
Lower total cost of ownership
Buying a condo unit does not entail individual land ownership, so  you get to own a piece of property at a fairly ‘inexpensive’ price since it basically gives full ownership of the unit without the sole responsibility of owning the land.
The combined ownership allows free use by residents of existing facilities and amenities of the condo. Some condo developments such as The Capital Towers in Quezon City and Paseo de Roces in Makati City also include the provision of small business establishments such as a mini-grocery, clinic and small office, so tenants do not have to leave the building.  In fact, the MyHOBS concept at these developments also allows unit owners to put up their own small business right inside their units.
Enviable location
If you are one of those busy executives in the metro who have become tired of long commutes to and from work, then living in a condo could be just the right choice since those addresses 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.
Proven track record
With a consistently growing number of high-rise condos rising in every corner of the country, finding one’s dream property may well seem to be just a matter of location. Top considerations such as accessibility and proximity to schools, hospitals and similar conveniences are mixed with the enticement of living in developments replete with an array of amenities such as clubhouses and 24/7 security.
But plunging headlong into such an important investment, however, should not only be dictated by these preferences. One must also consider the image and reputation of the property developer in deciding where to buy to ensure that one’s investment will provide handsome returns in the years to come.
As a member of one of the country’s biggest business conglomerates, Federal Land has gathered 40 years of experience in building homes and communities in some of the best locations in the country, and has made many Filipino dream of owning a home a reality.