May 2022 - Iloilo Condominiums

Why single young professionals should have a condo unit

Families in the Philippines are characterized by having extended families because of our culture of having close family ties. Many young professionals will still stay in the same houses with their parents or with their relatives even though they may have enough money to live independently.

Some young professionals already know that it is wise to invest in property and start living on their own. Young professionals should start investing their hard-earned money in real estate as soon as possible in order that they can live comfortably.

Living on your own: The Advantages

Living alone has its own advantages. One of the advantage is that one can do whatever one wants to do. It gives one the opportunity to learn capabilities as there will be no one else to help with chores or errands. Living alone leads to many new things to learn – even the simplest things. What one learns in life will help the person become stronger, mentally and emotionally, and allow one to take responsibility for his or her own actions.

Being proud of what you have accomplished is arguably the greatest benefit of living on your own. You feel like you have achieved something important in your life, especially if you bought your place with your own money.

Some people choose to rent an apartment to be independent, but some financially able young professionals decide to purchase a studio unit to live independently. Studios are really the perfect place to start an independent life. Whenever you want to start a family, you can always rent your current studio unit as a new source of income to support your growing family while you move into a bigger condominium unit or house.

Why Own Condo Units in Iloilo Business Park?

When purchasing a studio condominium unit, one must consider the location and the developer’s track record. Many Ilonggo young professionals decide to buy a studio unit in Iloilo Business Park because, besides the many towers that are available, the developer — Megaworld Corporation — is the leading real estate company in the country. Megaworld, which has a long history of providing only the best products, has successfully transformed Iloilo Airport into the dynamic business district that it is today.

Iloilo Business Park is home to a number of high-tech companies, world class hotels like the Richmonde Hotel and Courtyard by Marriott, as well as iconic convention centers like the Iloilo Convention Center (ICON), a lifestyle mall, a dining and retail strip (Festive Walk Parade), and transport hubs. Living in any of its six residential towers is a highly luxurious and convenient lifestyle.

Among the six condo projects in Iloilo Business Park, the One Madison Place complex has been turned over, followed by Lafayette Park Square. In The Palladium, units are gradually being unveiled to their new owners. The other towers — Saint Honore and Saint Dominique — are slowly being built, and units in the newly launched residential tower, The Pinnacle, are selling like hotcakes despite the pandemic that is gripping the world. There is no doubt that one can find what he wants from a condominium project in Iloilo Business Park, not only in terms of the building itself, but also in terms of the unit type. Apart from studio units, which are popular with young professionals, there are 1-bedroom, 2-bedroom, executive, and loft units available as well.

“I see an opportunity for me to grow and become more profitable.” said John, 28, BPO account manager, owner of a unit at One Madison Place. He plans to continue living independently and renting units in the future when he wants to move to a bigger place.

“Since my place is just a walking distance from where I work, I don’t need to stay at the sleeping quarters once my shift ends in the wee hours of the morning,” he added, further proving that there is, indeed, greatness in living independently, especially if your place is in Iloilo Business Park.