The executive condominiums were introduced to serve the different needs of citizens. This included the young professionals and recent graduates, who could only afford an apartment. Visit Altura EC before reading this.

Executive Condominiums are similar in design to private condos. This is because they’re developed by private developers and then sold. A lot of Executive Condominiums have the same facilities as condos. There is only one major difference: there’s a 99-year term leasehold, not freehold.

Eligibility

To be eligible to purchase a condo, a buyer must fulfill certain criteria. It is necessary that the applicant be either a resident permanente or a citizen. Like different public housing schemes, they must be a sort of nucleus family. For such an ownership, there is a monthly income limit.

Incentives

Certain incentives are available to help people owning an executive condominium. Housing grants depend on the citizenship of a person.

Many different locations are being used to build Executive Condominiums. One of the most important things about these developments is the size. These are built to be able accommodate many people. They are good at their job and build some of the best structures.

There are a lot of luxurious residential units and the lots tend to be quite large, so that they can cater for any activity. The units range from studios to units with up five bedrooms, and may or may be equipped with private elevator lobbies. Semi detached homes and bungalows are sometimes included in the development.

Due to the fact that these establishments are available in a wide range of sizes, couples, singles or families can find something suitable.

Most of these developments are situated in areas close to public transportation and expressways. Residents, and those that have to move around often, will benefit from this. Most of the time, you can find some fantastic recreational activities nearby.

The malls that surround these projects are able to meet the banking, retailing and dining requirements of their residents. The residents can easily get the service they need, which will improve their quality of living.