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Affordability vs Scale: Why students, young professionals prefer condo living

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Cathy Yang and Jill Danielle Caro, ABS-CBN News

MANILA - Students and young professionals who prefer comfortable, secure and private living even in small spaces boost the growth of condominium property business along university belts, a developer said. Torre Lorenzo Development Corp builds affordable and compact units designed for students with rents ranging from P17,000 to P34,000, its Chief Executive Officer Tomas Lorenzo said. &quot;More than a decent place to stay, we want to make sure that our residents have a place to stay that rivals their homes. We really make sure that the residents, who are students, are happy and that their parents are happy as well,&quot; Lorenzo told ANC&#x27;s Cathy Yang.Lorenzo said he thought of bringing the student condo living trend he experienced in the US to the country. &quot;If you&#x27;re going to do the condominium business, why don&#x27;t we do small units? Small units, but beside universities. Because students do not mind being in a small unit, as long as it&#x27;s nice,&quot; Lorenzo said.Their student-centric condominiums come in 16 to 36 sqm. Like Torre Central, their developments have amenities fit for millennials such as pool, gym, function rooms, study areas, roof deck and a basketball courts.Despite small unit sizes, Lorenzo said, living small but with privacy is what most professionals prefer nowadays. &quot;People would rather pay for their privacy than be in a large unit that you have to share with 4 or 5 or 6 other people,&quot; he said.

Students and young professionals who prefer comfortable, secure and private living even in small spaces boost the growth of condominium property business along university belts, a developer said.

Students and young professionals who prefer comfortable, secure and private living even in small spaces boost the growth of condominium property business along university belts, a developer said.

Affordability vs Scale: Why students, young professionals prefer condo living

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Affordability vs Scale: Why students, young professionals prefer condo living

Cathy Yang and Jill Danielle Caro,

ABS-CBN News

Published April 28, 2018 05:58 AM PHT

Read More:

The Boss

Tomas Lorenzo

Torre Lorenzo Development Corp

condo living

condominium

students

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Advertise with Us

© 2026 ABS-CBN Corporation. All Rights Reserved.