Browse Condos in Ayala Center Cebu, Cebu or list your own. Advertise, sell your property, list it for letAyala Center Cebu is a large shopping mall owned by Ayala Malls at the Cebu Business Park in Cebu City, Philippines. It is the first Ayala mall located outside of Metro Manila. It opened in November 1994, one year after their rival mall, SM City Cebu opened. For 15 years, it was the only Ayala Mall to bear the word Ayala in its name until Ayala Malls Solenad opened in 2009.
On an average day, more than 85,000 people visit Ayala Center Cebu, with the figure increasing to 135,000 on weekends. It is the centerpiece of the Cebu Business Park Complex.A condominium, usually shortened to condo, is a type of real estate divided into several units that are each separately owned, surrounded by common areas jointly owned.
Residential condominiums are frequently constructed as apartment buildings, but there has been an increase in the number of "detached condominiums", which look like single-family homes but in which the yards, building exteriors, and streets are jointly owned and jointly maintained by a community association.
Unlike apartments, which are leased by their tenants, condominium units are owned outright. Additionally, the owners of the individual units also collectively own the common areas of the property, such as hallways, walkways, laundry rooms, etc.; as well as common utilities and amenities, such as the HVAC system, elevators, and so on. Many shopping malls are industrial condominia in which the individual retail and office spaces are owned by the businesses that occupy them while the common areas of the mall are collectively owned by all the business entities that own the individual spaces.Source: https://en.wikipedia.org/