Condos For sale in Pasig, Metro Manila

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Metropolitan Manila (often shortened as Metro Manila; Tagalog: Kalakhang Maynila), officially the National Capital Region (NCR), is the seat of government and one of three defined metropolitan areas in the Philippines. It is composed of 16 cities: the city of Manila, Quezon City, Caloocan, Las Piñas, Makati, Malabon, Mandaluyong, Marikina, Muntinlupa, Navotas, Parañaque, Pasay, Pasig, San Juan, Taguig, and Valenzuela, as well as the municipality of Pateros. The region encompasses an area of 619.57 square kilometers (239.22 sq mi) and a population of 12,877,253 as of 2015. It is the second most populous and the most densely populated region of the Philippines. It is also the 9th most populous metropolitan area in Asia and the 5th most populous urban area in the world. The region is the center of culture, economy, education and government of the Philippines. Designated as a global power city, the region exerts a significant impact on commerce, finance, media, art, fashion, research, technology, education, and entertainment, both locally and internationally. It is the home to all the consulates and embassies in the Philippines, thereby making it an important center for international diplomacy in the country. Its economic power makes the region the country's premier center for finance and commerce. The region accounts for 37.2% of the gross domestic product of the Philippines.The region was established in 1975 through Presidential Decree No. 824 in response to the needs to sustain the growing population and for the creation for the center of political power and the seat of the Government of the Philippines. The Province of Manila, the predecessor entity of the region, is one of the first eight provinces that revolted against the Spanish colonial rule in the Philippines at the end of the 19th century. Manila's role in the Revolution is honored in the Flag of the Philippines, where the sun's eight rays symbolize the eight revolutionary provinces.

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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/