The document defines a condominium as a form of housing tenure where an individual owns a specified part of a property while having shared access to common areas that are managed by an owners' association. It notes the main difference between a condominium and apartment is the ownership structure, as condominiums allow individual unit ownership compared to apartment rental. The document also outlines various characteristics of condominiums including their structural forms and typical amenities owned individually versus those shared among owners.

2. ABSTRACT
Definition of a CONDOMINIUM
A condominium, or condo, is the form of housing
tenure and other real property where a specified part of a
piece of real estate (usually of an apartment house) is
individually owned while use of and access to common
facilities in the piece such as hallways, heating
system, elevators, exterior areas is executed under legal
rights associated with the individual ownership and
controlled by the association of owners that jointly represent
ownership of the whole piece.
Colloquially, the term is often used to refer to the
unit itself in place of the word "apartment". A condominium
may be simply defined as an "apartment" that the resident
"owns" as opposed to rents.

3. Difference between a Condominium and an Apartment Complex
The difference between a condominium and
an apartment complex is purely legal: there is no way to know a
condominium from an apartment simply by looking at or visiting the
building. What defines a condominium is the form of ownership. The
same building developed as a condominium (and sold in individual
units to different owners) could actually be built someplace else as an
apartment building (the developers would retain ownership
and rent individual units to different tenants). As a practical
matter, though, builders tend to build condominiums to higher quality
standards than apartment complexes because of
the differences between the rental and sale markets. And a
Condominium is also an “apartment” but the only difference is that
customers only rent the unit but in a Condominium, you can own it.

4. Characteristics of a CONDOMINIUM
Condominiums can take many forms
structurally. They may be like regular
apartments, or they may be townhouses. In
fact, many are converted apartment houses or
townhouse complexes. Some condominium
communities actually offer individual standalone
houses; these communities look like typical housing
tracts, but again the residents own only the air
space inside their homes. Even though each may
have a fair amount of property, that property is
managed by the association and not the individual
owners.

5. QUALITIES of a CONDOMINIUM:
•Hardwood Floors - for easier cleanup
•Ceramic tiles in kitchen, bathrooms, and on
laundry room floors
•Granite countertops in the kitchen - makes quick
breakfast cleanup a breeze
•Crown Moulding and high ceilings for a sense of
space
•Entry Intercom and Security System
•Laundry Room with appliances, so there's no
trudging to a Laundromat
•Large balcony for relaxing after work
•Parking Garage access or reserved on-site parking
•Storage Units for bikes and other equipment

6. I. Summary of Report
A. Name of the Business
SHAZZAM Condominium
B. Location
Bakakeng Rd., Baguio City
C. Descriptive/ Definition of the Project
A 32-storey building commercial-residential
condominium located at Bakakeng Rd., Baguio City. The
building is geared as a residential condominium to provide
lodging accommodation for the growing number of transient
market, as well as travellers and tourists in Baguio City.
Being in a highly commercial and easily accessible
location, the property will be an eye by numerous
businessmen and entrepreneurs on the possibility of
exclusively leasing the whole building from the owners.

7. D. Long Range Objective
The purposes of this project are; for the owners, businessmen
and inventors to accumulate income; to improve and progress
the market and economic status of the country; to regain the
capital used; to expand the condominium; to multiply
branches nationwide and international; to be known around
the world; to be responsive to the needs and objectives of our
clients; to maintain and improve the quality of life and
comfort for the building occupants.
E. Highlights
The project is consisting of:
•Air-conditioned unit where each unit is composed of a Dining Area
and two (2) rooms/quarters
•King-sized water bed
•52-inch Plasma TV (Wi-Fi ready)
•Free Wi-Fi
•Jacuzzi
•Helipad
•Standby Generator
•Gym
•Spa

8. Earthquake Proof

9. F. Assumption
The Shazzam Condominium will be known all over the
world. There will be more branches nationwide and
international. There will be new management and crew. This
condominium will also charm and attract tourists. And Shazzam
will not only be a Condominium but a Restaurant, Department
Store and Hotel. And Shazzam Inc. will be the leading company
in the field of realty and propriety business.
But still along the progress of this project, problems will
occur. Financial failure and misunderstanding between the
management and investors will arise. But wise and critical
thinking of the owners will solve and overcome this type of
problems.

10. G. Market Study
A. Pictures
The SHAZZAM
CONDOMINIUM

11. H. Marketing Highlights
Economic Highlights
A. Population Growth
Population growth rate decreased to 2.31 percent.
The City of Baguio registered a total population of 252,386
persons in the year 2000 up from 226,883 in 1995, giving the city an
average annual growth rate of 2.31 percent, a decrease of 1.79 percentage
points from the 1990 to 1995 period The number of households rose to
52,302, higher by 4,231 households compared to the 1995 figure. This gave
an average household size of 4.8 persons, a slight increase from 1995 (4.6)
and lower than the national average of five persons. Baguio City ranked
second in CAR Baguio City ranked second in terms of population size
compared to the six provinces (Abra, Apayao, Benguet, Ifugao, Kalinga,
Mountain Province), in CAR. This city contributed 18.5 percent to the 1.4
million population of the region. At the national level, Baguio City shared
0.33 percent to the Philippine population of 76.5 million as recorded in the
Census 2000.

12. POPULATION GROWTH OF FOREIGNERS IN BAGUIO
In Baguio, the influx of Foreigners has caught some attention.
According to the National Bureau of Immigration, Baguio now is host
to almost 10,000 foreigners. It has been reported that most of
foreigners stay for two months during their vacation from school
abroad. After which, a huge number would start to study full-time in
Baguio universities.
B. PRIMARY ECONOMY
The primary economy of Baguio City is its educational centres
of which it has in excess of seven colleges and universities as well as a
plethora of trade and technical schools. Estimates are that these
schools compose in excess of one hundred thousand students. The
secondary source of income for the residents is its character as the
commercial hub in the province of Benguet. Many of the agricultural
and mining goods produced in Benguet go to Baguio City for central
distribution.

13. C. EDUCATION
Baguio is a university town. It is considered as the centre of education in
the entire North Luzon. There are eight institutions of higher education in Baguio
City, two of which are ranked as being among the country's top ten. Saint Louis
University, Baguio City University of Baguio University of the Philippines (Baguio
Campus), University of the Cordilleras (formerly the Baguio Colleges
Foundation), Baguio Central University, Pines City Colleges and Philippine Military
Academy.
FOREIGN ACADAMIES and SCHOOLS
Foreign academies have proliferated all throughout the city especially
Korean Academies. There are about 30 "registered" ones with an average of 50
students each, excluding Foreigners charging their countrymen for "home stay"
(board and lodging while studying in the universities) the prices of real estate rentals
has been driven up pretty high. To be able to house so many students because
it is a lucrative business on their part, they have resorted, not only to rent the
large, elegant vacation homes, but to rent all the small hotels and inns around the
city as well.

14. II. Technical Aspects
A. The Property
Shazzam Condominium is a three-storey structure
located along Bakakeng Road., Baguio City. Though initially
conceptualized to be commercial-residential condominium, a
new opportunity has been realized and that the whole
property/building is now currently being leased by one business
entity.
The building has been leased by a Korean Company
providing Tutorial/Technical Courses for Korean Students
residing in Baguio City.
Property Name :SHAZZAM Condominium
Business Address :Purok 9, Barangay Bakakeng, Baguio City
Owned by :The Office, Inc.

15. EXISTING FEATURES DESCRIPTION
B. Building Facilities
BASEMENT Parking Slots Plain cement flooring, CHB walls, columns, beams, and
Generator Area (Ground ceilings are painted cement finish. Administration office and
to Floor) Guard House in ceramic floor finish, walls and ceiling
painted
GROUND FLOOR Guard House
Administration Office
(a) Main Sliding main door, panel type service door, Kitchen Counter
SECOND FLOOR
Residence/Reception Area, and Preparation Table of granite slab finish. Overhead
to Kitchen, Dirty Kitchen, cabinets and under the counter cabinets. Toilet and bath in
Laundry Area , Common selected ceramic floor and wall tiles with shower and water
21st FLOOR Toilet and Bath heater. Laundry area and dirty kitchen in ceramic floor tiles
(b) Three (3) Typical and assorted pebble wash-out floor finish with tubular steel
Apartment Units, each unit trellis and polycarbonate finish. Each unit has a total floor
with the following: area of 65 sq.m. Rooms in selected floor finish, painted
stucco cement finish, with Panel-type main door.
Living Area, Dining Area, Two
(2) Room/Quarters
(a) Main Residence/Master’s ceramic floor finish with 4” baseboard, painted plain plaster
22nd FLOOR
Bedroom, Balcony, Toilet and cement wall finish. Toilet and Bath for Main Residence has
to Bath Jacuzzi with bubble bath and shower with sliding enclosure.
Dormitory has built-in closets, TV counter with cabinets,
32nd FLOOR (b) Dormitory-Type facility
kitchen overhead, with computer tables.
Lobby/Receiving Area, Lobby
with Toilet/Washroom, 5
bedrooms/quarters,
Common Kitchen, Common
Toilet and Bath, Laundry Are

16. The SHAZZAM
C. Utilities CONDOMINIUM
•ELECTRICITY
•WATER
•TELEPHONE
•INTERNET / Wi-Fi
•GARAGE
•CABLE
D. Site Location
The SHAZZAM
CONDOMINIUM

17. E. Floor Plan

18. III. Financial Aspects
A. Start-Up Capital Requirements
The financial need of the project is
more or less Php 14,000,000,000.00. The said
amount shall be used in paying the lot and
construction of the building (including the
contractor). The remaining amount will be
used to start the business for the span of two
to three years. And will be continued to use
until the business is self-sustaining.

19. B. Start-Up Capital Source
The financial needs of the project shall be sourced from the
partners’ equity. The business partners; (Businessman), Arra
Yangzon (Restaurant Owner), Kristinne Ardel Bendo
(Investor), Ralph Litton Serrano (Businessman) and Joman Barral
(Investor) shall contribute an initial amount of Php30,000,000.00 in
cash which is Php150,000,000.00. This amount will be used for the
construction of the building only, not including the furniture and
materials inside each unit of the condo. The said amount is
estimated to be used in all expenses to be incurred during the pre-
operating period and during the first half of the year of normal
operations. All purchases shall be on cash basis and sales are on
cash discount basis. The furniture and materials inside each unit of
the condominium will be sponsored by Globe Asiatique Lifestyle
(Realty Holdings Corporation).

20. C. Cost Estimate
This part will show the estimated amount of expenses for the project of the
following:
Construction:- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -Php 12,000,000,000.00
Attractions: - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Php 1,000,000,000.00
Furniture:- - - - - - - - - - - - - - - - - - - - - - - - -Sponsored by Globe Asiatique
Fixtures and other equipment: - - - - - - - - - - - - - - - - - -Php 800,000,000.00
Operating Capital: - - - - - - - - - - - - - - - - - - - - - - - - - - - Php 200,000,000.00
Total cost: Php 14,000,000,000.00

21. IV. Organization Management
Joman Barral
Ralph Litton Serrano Took up BS Architecture at MAPUA
INSTITUTE OF TECHNOLOGY
Took- up BS Accountancy at
Topnotcher on Board Exam for
Ateneo de Manila.
Architectures.
Topnotcher on Board Exam. President of the League of
Vice President of Globe Architecture
Asiatique Executive Planner
Financing Manager
Arra Clare Yangzon
Archineil Sepeda
Took- up BS Management at de
Took- up BS Civil Engineering Lasalle University.
at MAPUA INSTITUTE OF An interior Designer.
TECHNOLOGY.
Kristine Ardel Bendo One of the certified Interior Designer
City Engineer of Baguio City. in Los Angeles California
Took- up BS Political
Construction Manager Interior Manager
Science at Far Eastern
University.
Personal Adviser of
President Aquino
Marketing Manager