MANILA, Philippines – Major Homes calls it the “condormitel” a development with all the advantages of a condominium, dormitory and hotel all rolled into one. Introduced last year, Major Homes’ Space condormitel series features fully furnished units designed as comfortable dorm rooms with a minimum of three beds and a study desk. The buildings are strategically located in key urban areas of commerce, school, and transport. Space especially provides condo buyers with a strong rental opportunity as a form of investment.
The first Space condormitel was built in San Marcelino, Manila, near Adamson University. Its follow up project was set close to another urban spot — the LRT-1 Station on Romuladez corner Sylvia Streets in Ermita, Manila. With the success of both developments, a third installment, dubbed Space Taft, was recently launched. Space Taft is in Taft Avenue’s university area, where top academic institutions like Philippine Women’s University, De La Salle University, College of St. Benilde, St. Scholastica’s College and UP Manila are located.
The 28-story development offers more than 400 air-conditioned units, all of which are fully furnished and equipped with Wi-Fi Internet coverage. Unit areas range up to 19 square meters, with bed space ranging from three to four per unit, depending on the unit size.
Space Taft boasts hotel-like amenities like an air-conditioned lobby, gym, sprawling garden, lounge benches, and sky garden. It also has fire and smoke detection systems, water reservoir, standby emergency, centralized garbage collection, high-speed elevator, CCTV and 24-hour security. Unit owners are assured of their well-being with their own security key card. The development also has a study hall. Two levels of the condormitel will have retail outlets for dining and shopping, making everything within reach for its residents.
“Space Taft is our solution to a growing clamor for safe, convenient and more affordable housing for students in the area,” says Jose Francisco “Quinto” Oreta V, president of Major Homes. “It is also our way of giving enterprising Filipinos and overseas workers an opportunity to profit by investing in a real estate project that is more in tune with the needs of the times.”
From The Philippine Star