Condominium/Apartment Types

Apartment - Often refers to a unit within a building owned by a single entity and rented out to tenants.

Condotel - A condotel (condominium-hotel) is a privately owned condominium unit that is managed and rented out as a hotel room when the owner is not using it. Owners typically share in the rental revenue.

Office Condominium - An office condominium is a privately owned unit within a building that is specifically designed and zoned for commercial office use. This is for businesses or individuals who need their own office space.

Residential Condominium - A residential condominium is a privately owned individual unit within a multi-story building. Owners share ownership of common areas like hallways, elevators, amenities (pools, gyms, etc.), and the land the building sits on. Condos are a popular entry point into homeownership, especially in urban areas. They offer various amenities and often require monthly association dues for maintenance and upkeep.

Important Note: Always verify zoning regulations and consult with real estate professionals in the Philippines for the most accurate and up-to-date information regarding specific properties and their permitted uses. Good luck with your property search!