There are a lot of condominiums that are built in the city or near the public establishments like malls, schools, offices and many more. That is for the convenience of these people that these condominiums were built. Young professionals and newly wed are mostly the target of the sellers because they are the ones who need a space for themselves or for their family. Having a condominium they say is a good investment, but a friend of mine once said that it is not really a good idea because your investment hangs in the air and once natural disaster strikes (like an earthquake for example) it will also disappear in thin air. But of course let us not think of the bad outcome, let us more think of the positive side of it. If there is a reason that you should not buy these type of properties, there are also a lot of reason for buying it.
Filipinos of today are learning to live in the sky, because culturally, we are not quite ready for this type of glamorous living. Owning or renting a condo unit can mean a lifestyle change for Filipinos from the upper to middle class who can afford to stay in these high-rise condominiums. Smaller space means it is easier to clean and maintain and gives a stronger sense of protection. Condominiums are sometimes built with the features and amenities like of the five-stars hotel. There are units that have terraces and added window boxes, like the french window box cage, where they can grow plants or flowers for added beauty in their space. Also, some condominiums offer facilities like function rooms for parties and other events, gym's and sports facilities also including swimming pools.
If I were to choose in staying in these condo unit or having my own lot, I would rather choose having my own lot. My reason for choosing a lot instead of a luxurious unit, is that lands or lots do not depreciate on their prices and I felt safer having both my feet on land than in space. I will feel more secure knowing who my neighbors are rather than, living in a self-contained community.