Cubao condos and hotels, fast food chains and restaurants, malls and supermarket, busy street and fast-walking people, and of course, bus stations--these are the things completing today’s picture of the so-called cosmopolitan jungle.
Considered as a transportation hub and a gateway to other provinces, Cubao once had the crown as the entertainment, shopping and business center until it has been passed on unto the glam and fame of today’s Makati and Taguig.
During 1966 to 1975, different well-loved (and some forgotten) establishments took the chance of marking history with their name. Do you remember (or have even heard of) the grand Fiesta Carnival? It is one of the indoor entertainment parks in 1970’s. Also, the very first branch of an ice cream parlor turned all-time-favorite Filipino fast food chain could be found in Cubao, Jollibee. Another is the mall which brings Christmas spirit to the next level with their animatronics show, COD.
But, change also happens to places. New names occupy the old infrastructures—new names for the same meeting place like the old building of the formerly A&W Restaurant. In addition, the old movie houses that once were common dating places for lovers now serve as churches for some religious groups. In line with today’s technological advancements, movie theaters, shopping centers, entertainment and food could now be found in centralized malls. These sudden changes on the establishments and the industries may be one of the reasons why some people have fear when it comes to buying a Cubao condo and some other condo units in the Philippines.
Republic Act No. 4726 (Condominium Act) of the Philippines in 1966 is an act defining condominium, establishing requirements for its creation, and governing its incidents. It answers the BIG question on whether a condominium unit would be derelict after 50 years of occupancy, leaving the owner nothing. The Condominium Act clearly explains that if the project has become obsolete and uneconomical and has exceeded 50 years, it is subject to demolition and repair. However, this doesn’t mean that the owner’s investment will be totally gone. Condominium, like any other corporation, value each unit owner’s thoughts and ideas in decision-making regarding the project. Also, condominium corporations ideally abide by the 50 year rule but still give the chance to renew for another 50 year term depending on the needs, ie the condo is still in good condition, livable and safe.
Essentially, sudden and gradual change in a certain place, like Cubao, and among corporation and industries, like condominium development, does not mean that an investment (monetary or melancholic) will be gone in a single snap of a finger. Even though you can no longer visit A&W Restaurant where it used to be, in your memories, it is still the same restaurant that served you the Root Beer Float you thought you’d always be able to enjoy. The Fiesta Carnival that brings you joy when you’re younger still playfully stays on your sentimental memory. The joy and proud feeling you have remembering these places, like the time you first afforded to buy a condo unit, is a treasure that could never be stolen, not even by change.
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