By The market of condominium projects has gone much higher in popularity as well as value in the recent few years and people have started to invest their money into such projects where they can find all the facilities together at one place. This type of projects are not just popular in western countries but they have also been popular in Asian countries such as Philippine where lots of projects have been completed or are near to completion and one of such project is 1016 residences which has lots of attraction for the buyers.
What actually is a Condominium?
A condominium project might be in form of townhouses or luxurious and stylish separate apartment complexes. They have also become the ideal places for multi-family lodgings. What makes it different from the other such projects is that developer or constructor of the project declares legally that the individual investors or buyers are allowed to purchase separate units in the buildings.
Who Invests in Condominium Projects?
Condominium which is also called Condo has lots of buyers which can be divided into 4 separate groups.
Group A
It includes the people who are making first time property deals and want to live at the same place.
Group B
It includes those who want to buy a place as a second home where they can spend their weekends or when they visit the city if they are living at some other place.
Group C
It includes those who have recently retired and looking for some good opportunity to invest their retirement money.
Group D
It includes those who are involved in the business of sales and purchase of the properties.
Everyone who does some research before making the final deal, usually earns a good profit when he/she wants to resell the property; therefore, condos are considered to be much better places than the other traditional residential projects where you can invest but can’t expect to get higher return in most of the cases.
1016 Residential Condominium
1016 is one of the most popular and most luxurious residential condominium projects in Cebu City and it has been co-developed by Ayala Land Inc. It is located at the best location of the city center and it has all the facilities which are the basic requirement of the modern day living style. To learn more details about the facilities available at this project, you can pay a visit to www.cebuayalahomes.com/
