In recent years, there has been a noticeable shift in property investment trends in the Philippines, particularly from traditional houses or lots to condominiums. This transition is driven by several factors, making condominiums an attractive option for those seeking passive income or preparing for retirement. 

Here, we delve into the three major reasons why condominiums are rapidly becoming sought-after properties for rental income purposes:

Location: Condominiums are strategically designed to be at the center of development, offering unparalleled accessibility to essential amenities and services. With malls, hospitals, salons, grocery shops, and other conveniences within walking distance, living in a condominium feels akin to residing in a hotel. This accessibility is particularly appealing to renters with fast-paced lifestyles.

Take, for example, Metro Santa Rosa, home to numerous light industrial companies and expats visiting for extended periods. The condominium projects in this area provide easy access to manufacturing companies and recreational facilities like golf courses, making them ideal choices for renters seeking convenience and proximity to their workplaces and hobbies.

Security: Safety and security are paramount considerations for renters, and condominium living offers peace of mind in this aspect. With dedicated security guards, receptionists per tower, and CCTV surveillance on each floor, condominiums provide stringent security measures. This level of protection is especially reassuring for travelers and parents renting units for their children studying away from home.

In Metro Santa Rosa, which is evolving into the "University Belt of the South" with the establishment of major university campuses, condominiums present a lucrative rental market for students and their families seeking secure accommodations.

Amenities: Condominium living also offers an array of amenities that cater to the evolving lifestyles of today's renters. With remote work becoming increasingly prevalent, many young professionals seek short-term accommodations with hotel-like amenities.

Condominium projects meet this demand by providing affordable daily rental options with access to facilities such as swimming pools, gyms, and co-working spaces. Investors are capitalizing on this trend by acquiring pre-selling condominium units and leveraging platforms like Airbnb to generate rental income.

Beyond these factors, the shifting lifestyle preferences of millennials and Gen Zs play a significant role in the growing popularity of condominium living. Career-oriented individuals prioritize convenience and manageability, favoring compact living spaces that align with their dynamic lifestyles. As a realtor and real estate investor, I recognize these market dynamics and have positioned my investments accordingly, foreseeing continued growth in vertical developments in the future.

The surge in condominium investments reflects a broader transformation in the Philippine real estate landscape, driven by changing demographics, lifestyle preferences, and market demands. As the condominium market continues to thrive, investors and renters alike stand to benefit from the diverse opportunities presented by this dynamic sector.