Content Category
- Condo Concept (2)
- Condo Living (2)
Available Condo Units
Studio-type Unit
Floor Area = 21 sqm
Price = PhP 1,399,825
View Studio Type Unit
2-Bedroom Unit
Floor Area = 42 sqm
Price = PhP 2,593,990
View 2-Bedroom Unit
3-Bedroom Corner Unit
Floor Area = 51 sqm
Price = PhP 4,738,285
View 3-Bedroom Unit
3-Bedroom Inner Unit
Floor Area = 63 sqm
Price = PhP 6,140,518
View 3-Bedroom Unit
About The Condo
Learn more about the Camella Northpoint to see if this community is where you want to be when in Davao.
Get In Touch
Interested to get your condo unit? contact us using the Contact Form or send an SMS message or voice call over the line : 0063.917.705.5040. Look for Carlos.
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Condo Advantages
Condo Disadvantages
Condominium Corporation
Condo Unit
What Is A Condominium?
A common misconception, even among the real estate professionals, is to associate the word condominium with the type of high-rise building architecture with dwelling units called condo units. Wrong, a condominium is not a building, though that is normally what we have grown to see in bigger cities like Manila, Cebu and, most recently, in Davao. In reality, any multi-unit structure like row houses and apartments can become a condominium.
Condominium Defined
The term condominium actually refers to the type of ownership, wherein an individual owns a unit and co-owns with other individual owners the commonly shared interest in the building. Typically, when you buy a condo unit, say a studio-type unit, you own that unit and you can have the title under your name. But your ownership doesn’t stop there. Together with other unit owners, you also become a co-owner with undivided interest of the common elements of community that are used by everyone else: the hallway, the corridors, the gardens, and even the land. The keyword here is ownership. As an individual owner, you own your unit; everyone else (including you) owns the “common elements” of the project.
The Condominium Corporation
In the Philippines, a condominium is actually setup as a corporation, where the individual unit owners become shareholders of the corporation. Going back to the common elements mentioned previously, it is the whole corporation that owns those. Moreover, as a share holder, you also participate in running the corporation like setting-up and following its rules.
Condominium Title
A condo unit owner is given a Condominium Certificate of Title as evidence that is he an owner. One of the good things about this title is that it can be in the name of a foreigner. Foreigners are wary of buying house and lot in the Philippines, because they cannot have the title in their name. The Condominium form of ownership provides a better, if not the best, alternative for them.