The advantages of this system are that the only sound in the unit is the fan, and air is not circulated between units. The disadvantage is that building management can turn off A/C centrally if they want to save money.
For some reason Americans are slow to pick up HVAC innovations that are common elsewhere: heat pumps, split-system air conditioners, FCU, etc. I guess it is because energy is cheap to them and they don't mind noise.