Browse Condos in Lucena, Quezon or list your own. Advertise, sell your property, list it for letLucena, officially known as the City of Lucena (Filipino: Lungsod ng Lucena), is a 1st class highly urbanized city in the Calabarzon region of the Philippines. It is the capital city of the province of Quezon where it is geographically situated but, in terms of government and administration, the city is politically independent from the province. For statistical and geographical purposes, Lucena is grouped with the province of Quezon. According to the 2020 census, it has a population of 278,924 people.
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/