Browse Condos in Bonifacio Global City, Taguig or list your own. Advertise, sell your property, list it for letBonifacio Global City (also known as BGC, Global City, or The Fort) is a financial and lifestyle district in Taguig, Metro Manila, Philippines. It is located 11 km (6.8 mi) south-east of the center of Manila. The district experienced commercial growth following the sale of military land by the Bases Conversion and Development Authority (BCDA). The entire district used to be the part of the main Philippine Army camp.
It is under the administration of the city government of Taguig. The local governments of Makati and Pateros also claim jurisdiction.
In February 7, 1995, Bonifacio Land Development Corporation (BLDC) started planning a major urban developmentāBonifacio Global City. BLDC made a successful bid to become BCDA's partner in the development of the district. The Ayala Corporation through Ayala Land, Inc., and Evergreen Holdings, Inc. of the Campos Group purchased a controlling stake in BLDC from Metro Pacific in 2003. BCDA and the two companies now control Fort Bonifacio Development Corporation, which oversees the master planning of Bonifacio Global City.A condominium, usually shortened to condo, is a type of real estate divided into several units that are each separately owned, surrounded by common areas jointly owned.
Residential condominiums are frequently constructed as apartment buildings, but there has been an increase in the number of "detached condominiums", which look like single-family homes but in which the yards, building exteriors, and streets are jointly owned and jointly maintained by a community association.
Unlike apartments, which are leased by their tenants, condominium units are owned outright. Additionally, the owners of the individual units also collectively own the common areas of the property, such as hallways, walkways, laundry rooms, etc.; as well as common utilities and amenities, such as the HVAC system, elevators, and so on. Many shopping malls are industrial condominia in which the individual retail and office spaces are owned by the businesses that occupy them while the common areas of the mall are collectively owned by all the business entities that own the individual spaces.Source: https://en.wikipedia.org/