Saturday, September 4, 2010

It's not low-cost housing

Here is another view of the Berkeley Residences from the other day, but from the bottom of the green footbridge which leads to Miriam College. Because Halcyon asked whether it was affordable housing, here's a little more information about it. If you take a look at its floor plans, you will notice that the units are tiny, but these are actually the standard among most condominium buildings in Manila nowadays. Sulit.com.ph lists their cost from 1.8 to 4.3 million pesos (40,500 to 96,700 in U.S. dollars) depending on whether they have one or two bedrooms and also if they are on the pool level or not. Is Berkeley affordable? For the majority of Filipinos, no it's not. But compared to other condominium buildings, and especially houses, in the metro, yes it is. 

Berkeley Residences seen from the front of Miriam College