Medium Rise Condos are the New Real Estate Trend
By Lauren on Sep 20, 2008 in Real Estate News
Today’s real estate developers are switching from building high-rise condominiums to medium-rise condominiums, mainly for economic reasons. Going higher will obviously result in higher construction costs as this will need more concrete, steel, wiring, workers, and other construction materials. For developers who are trying to cut costs, the advantages of making medium-rise condominiums are far greater.
Lower construction costs means lower selling prices, thereby making the units more affordable to more people. Medium rise condominiums are usually constructed at sites where building detached houses are no longer practical because of increasing land costs. Thus, medium-rise condominiums fill the gap between high-rise condominium buildings and detached houses. Medium-rise condominiums are also better at complementing the lifestyles of the residents, since it provides them simple luxury and all the modern day conveniences they need.
For high-density commercial areas such as Makati and Ortigas, however, medium rise buildings are not so practical because the developer has to recover the land cost from the number of sold units, which can only be accomplished if the building goes higher. However, there will be more medium-rise buildings in the outlying areas of the main business centers.
Related Entries:
Community Innovation’s Treveia combines modern and environment-sensitive architecture with a wide array of innovative amenities to encourage community convergence and personal relationships.
Read more at 
Avida Setting’s green ribbons and courtyards give family members the opportunity to bolster relationships through a novel design for homes that incorporates nature in residential living. Read more at 
Surrounded by nearly 35,000 square meters of open spaces - the largest in any residential development in Manila - Celadon Residences (townhomes) and Celadon Park (condominiums) offer a retreat for families and young urban achievers to commune with the beauty of nature, which is a rarity in the city today. read more at
Post a Comment
If you want to be updated with the latest real estate developments, then make sure to