What is a Condormitel?
Condormitel is a type of Real Estate that is a combination of Condominium, Dormitory and Hotel. Basically, it’s a condominium unit, turned into a dormitory where multiple people can live in their respective living spaces and a Hotel where the company takes care of the unit, the common area and even the maintenance of the units.
Location
Demand and Supply
A lot of investors have been asking the developer if they can be part of the said business. They’ve seen the business operated and it has been a success and they would like to be part of it! So, the developer, JNJ Summithill, opened another line of condormitels that is open for public investors, like you! That is the University Home.
University Home Lacson
First time to open the project to public investors, JNJ Summithill built a 37 storey high residential building located at Dos Castillas corner Piy Margal st., Sampaloc, Manila boasting 2972 beds in total.
University Home Lacson is already on its last stretch. Target turn over date of the project is in January 2021. University Home is already ready for the new normal and always open for improvements for any concern that the investors and tenants may have in the future.
University Home Recto
Summithill Realty Corporation, a sister company of JNJ Summithill, is the developer for the latest project of University Home. This time, it is located in the heart of University Belt in Manila, Recto.
Being in the center of all the schools in University Belt, University Home Recto got the best location for a dormitory business! Schools like University of the East, San Sebastian College, Far Eastern University and San Beda College are some of the big named universities near University Home Recto. You may compare other real estate listings in this directory.
Catering 2952 beds in total, University Home Recto is going to be the home of almost 3,000 students studying in one of these prime schools. Aside from it being in the center of University Belt, it is also just:
-1 ride away going to Divisoria
-Walking distance to the nearest LRT Station (Recto)
-Near to all necessities of students like
-Food
-Laundry
-Bank
-Church
-Mall
-Hospital
-Bookstores
University Home Recto has already started its construction phase in the first week of October 2020. Target turnover date of the project is by December 2024.
The units have been designed by professionals to maximize the space of a unit. Fully furnished units that have built-in beds, cabinets and tables are what the investors can look forward to by having their own unit. They don’t need to hire anyone to redesign the unit or even buy anything the tenants may need.
The types of unit University Home Recto is offering are:
21sqm unit (4beds)
And 35sqm unit (8beds)
Value is the one thing that University Home can assure our investors that they will get. A state of the art facility combined with one of a kind business concept, University Home don’t have anywhere to go but UP!
