Does investing on a condominium still a good idea?

[uls]

hehe

market participants will never admit there's a bubble

then the bubble pops

[vinj]

why did SM lowered their condo prices by as much as 40%?

Slow sales. They did this to their condo development in Paranaque AFAIK. Other projects nila, 20% off... if you look at the prices though, they're expensive to begin with so chopping off 20%-40% is quite easy for them. Di bale bumaba income, basta may cash flow and gumalaw ang inventory nila.

[shadow]

Nabasa ko sign daw ng imminent bubble eh, kaya SM is tryin to dispose na agad.

[dr. d]

it depends on the location. in the neighborhood where i work, condos are in demand. prices are maintained or, some believe, artificially high..

[foresterx]

hmm, if you can't afford to buy a house then a condominium unit is an option.

i guess i still can't afford a house with my 24M condo, now valued at 30M.

like i said on my previous post, it really depends on where you buy a condo. some condo's are really cheap and some are a lot more expensive than your average house.

Over supply na ba? Last I heard, the supply is just barely keeping up with demand.

depends on the area, where i live right now every year tumataas ang value ng mga condo. meron nga bagong tinatayo dito sa 2013 or 2014 pa ata turn over ng mga unit halos sold out na agad. tapos yung mga current condo na naka tayo na pag may nag benta ng unit agawan agad, with in one month benta na agad.

[Starex_Gold]

Very good idea sa mga may kabit

J/K

[vinj]

like i said on my previous post, it really depends on where you buy a condo. some condo's are really cheap and some are a lot more expensive than your average house..

Yup... location, location, location.

Land is quite scarce in already so buying a relatively large house and lot in prime parts of Metro Manila will cost you well over P 50M so there is still market for condos in these areas as there are people who will prefer the convenience of living in the city rather than buying a house an hour outside of MM.

On whether there will be a bubble bust, there are excess supplies or a multitude of choices for consumers, but i do expect these to still sell (at least with the established developers) over time and as the projects finish. Another crucial factor really is the exposure of the banks/finance industry to these developers in the event of a property bust but BSP and the major banks have been stricter in covering their exposure to the real estate industry unlike back in 97.

Very good idea sa mga may kabit

J/K

Sa subdivision namin, may politiko na may pabahay para sa kabit. :D Bago pumunta sa lovey-doves niya, lilipat muna siya sa kotse ng back-up/bodyguards na Innova tapos mag park and wait yung CLS niya sa ibang lugar. Lagi kasi lumilipat sa may harapan ng bahay namin. :D

[uls]

hmm, if you can't afford to buy a house then a condominium unit is an option.

ngek... may condo mas mahal pa sa house and lot

[_Qwerty_]

in Corona's case.. it's not a good idea lolz..

[shadow]

for me it's still a good investment. but make sure you buy it from your EXTRA money and rent it out please...and sana mabili mo ng cash then kung meron ng tenant yun ibabayad saiyo monthly. ibili mo ulit ng another condo then siguro pwede na hulugan for the second, third, fourth units...but make sure you really have EXTRA money para pag bakante yun isang unit mo meron ka pa rin pangbayad sa hulog sa ibang units...

pero kung sa sweldo mo kukunin yun pang amortization...I don't think it's a good investment. that's my personal opinion, it will only be a good investment kung it will earn by itself...

a family friend has Condo all over Metro Manila and it's all high end units. ang mga nag rent ngayon eh mga expats and mga tao ng mga foreign embassy...monthly rental per unit is in the range of 75k and up...

[_Qwerty_]

it's still a good investment.. kahit sa sweldo mo kukunin.. that means may pambayad ka.. and whatever money you put don sa condo.. eh investment pa din yun.. kahit break even lang pag binenta mo.. nakapag save ka pa din..

[shadow]

it's still a good investment.. kahit sa sweldo mo kukunin.. that means may pambayad ka.. and whatever money you put don sa condo.. eh investment pa din yun.. kahit break even lang pag binenta mo.. nakapag save ka pa din..

we have different opinions, mahirap umasa sa sweldo na pang bayad monthly. you'll be a bitch ng work mo hinde pwede mag absent, kailangan OT pag meron emergency na gastos, patay na...short na lahat ng monthly payments...so on and so forth..

then ang masama pag na retrench...ugh! patay ang "investment"

maypang bayad hanggat meron trabaho paano kung nawala na trabaho nag close office...

[CVT]

we have different opinions, mahirap umasa sa sweldo na pang bayad monthly. you'll be a bitch ng work mo hinde pwede mag absent, kailangan OT pag meron emergency na gastos, patay na...short na lahat ng monthly payments...so on and so forth..

then ang masama pag na retrench...ugh! patay ang "investment"

maypang bayad hanggat meron trabaho paano kung nawala na trabaho nag close office...

^^^ Yup,- rich only while you still have work... Kapag wala na,- poor na..... (kahit pa may separation pay)....

14.5K:higop:

[valskie01]

how about investing on condo's near school. especially dito sa university belt and taft area. dami dito. ok kaya bumili dito?

[Photoaddict]

how about investing on condo's near school. especially dito sa university belt and taft area. dami dito. ok kaya bumili dito?

There are different views with regards to investing in condo's near school/university. For some, it is a good investment, since you have a regular supply of tenant. You can sub-divide the condo if its big enough for condo sharing. By sub-dividing it, you collectively get bigger amount from the rental, as compared to renting it out as a whole. While, you have to be careful and should be aware, that renting out near university, would often have low to no tenants during summer. Lots of student go home to their province, or primary home during the summer break. And since there are lots of student around the area, you should be aware that the common area are packed with students, which would be sometimes crowded. This will in-turn deteriorate the project, incase the property manager is not competent enough.

But some of the investors do prefer to invest in units near school. Un nga naman, mabakante ka ng ilan bwan, meron naman papasok sa karamihan. pero sa huli, kanya-kanya lang yan.

[pop3corn]

I believe condos are a great investment whether if it's for personal use or if you want to earn something from it. I live in a condo and my condo is just beside a very big and popular mall.

in terms of car maint and expenses, I'm hardly affected by the rising fuel prices kasi nilalakad ko lang ang office ko and I get to enjoy more of my car during gimmicks, it runs like brand new hehe. and also, hindi ko na sinusunod ang periodic PMS ng casa, coz for me a 5,000KM run can take me 8 mos to a year .

before, I used to drive home sa house ng parents ko and grabe ang expenses ko both maintenance and fuel as well as the wasted time spent over that walang-kwentang traffic. sa dami ng na-save ko both time and money, naging sisiw lang sa'kin bumili ng iphone and ipad and soundfreaq w/c btw, can cost me as much as 80K. yan ang savings ko, and updated pa ako sa technology lol.

In my opinion, Condos are your best way to tell this govt. and it's public transport protectors/profiteers, in your face, manigas na kayo lahat dyan sirain nyo buhay nyo araw-araw sa traffic and ka-jologan nyo! hindi na maging mabagal ang takbo ng buhay ko dahil sa mga baluktot nyong paniniwala and all that populist stuff na mahirap lang kami intindihin nyo kami kaya kami nasa kalsada ka-ekekan. and those who profit from them, alam ko naman talaga may balik yan kasi nakakadagdag sila sa pag waste ng time and resources ng ibang tao.


most people who buy condos only think of what they can gain from reselling it. pero if you ask me, andami unseen benefits if you buy your own condo and live on it. with so much free time on my hands after work, I get to research a lot on good bargains on travel too. this year, I'm confident I can travel to 3 asian destinations with the savings of time and resources and money that i'm getting ...

and also, I get to eat and prepare my own healthy food too. yan ang naging problem ko dati pag lagi nasa traffic, pag-uwi gutom na, lamon! the more nahihirapan umuwi, the more nag-seek ng instant gratification sa food and therefore lumolobo.

with so much time in my hands living in a condo, I got to watch a lot cooking channels, and I prepare my own food now lol. i rarely eat in fastfoods like McDo, Jollibee, in fact I rarely out anymore, unless on a gimick. would you believe natuto ko gawin yun mga Oliver's sandwich guy sandwiches at eto ang baon ko sa work.

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but I know this wouldn't last long, if times comes I have a family of my own, dyan na magkakatalo talaga coz a lot of things will change. but i really do enjoy, the balance that condo living did to my life and hope and pray na pag nagka-pamilya na ako of my own, I can teach my kids the same things I've learned.

[pop3corn]

i guess i still can't afford a house with my 24M condo, now valued at 30M.

like i said on my previous post, it really depends on where you buy a condo. some condo's are really cheap and some are a lot more expensive than your average house.



depends on the area, where i live right now every year tumataas ang value ng mga condo. meron nga bagong tinatayo dito sa 2013 or 2014 pa ata turn over ng mga unit halos sold out na agad. tapos yung mga current condo na naka tayo na pag may nag benta ng unit agawan agad, with in one month benta na agad.

well, this one I find it really not that convincing. I really don't pay attention to those appreciating pre-selling condos na in 6 months, nag-earn ng 600K. unless, there is somebody who is wiling to buy it then that's the time ma-realize ang true value ng condo. even the greatest investors in America admit na the biggest they've earned is only 10-15% per period (annual/monthly) on their diversified investment (but it's not often).



eh sa panahon ngaun, hindi na naman confined sa informed few na pwede bumili ng remata na condo (as popularized by the pyramiding/networking bible: Rich Dad, Poor Dad). that's how subprime crisis in Las Vegas happened, some were saying it's appreciating to $1M and so pero kita ko talaga nangyari sa Las Vegas, those 3-br townhouses not even condos, ang naging value eh $40,000 na lang lol. I got to stay in one of those condos bec. a family friend of ours can't even find people to rent his townhouse kaya pinapagamit na lang nya sa close friends

people in real estate business have this natural tendency to over-exaggerate bec. it comes with the job. they can't admit/won't admit that most condos in M.M. are only selling at breakeven coz that will mean all condo buyers will just wait for others to default, and prey on it.


if you have a 30M condo, then your buyer must be big-time if he/she ever buys it at 30M, or unless it's a corporation. pero in my personal view, the big time are not stupid, in fact sila ang tuso, they will not buy something na obviously pina-bloat lang ang halaga bec. they will really look stupid.

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for me i'd stay away from those Ayala condos claiming exclusivity but comes with a price. if they're selling 20M condos, sigurado CUSA pa lang nyan nasa 8-10K na per unit per month and for what to maintain a swimming pool and a gym. mag-gym na lang ako sa fitness first and mag pupunta na lang ako sa Laguna/Batangas, may sukli pa ang 10K cusa ko lol

Ayala still believes in old school thinking (thinking that he get a premium if he markets prestige, just like his Honda cars) but America's subprime crisis is one example na this isn't true anymore in the global economy. Kudos the Henry Sy and SMDC for adjusting, at least mas realistic sila

[OTEP]

Camella is putting up a condo in front of Ateneo? 15sqm studios have a Php1.5M++ price.

Ok ba mag-invest dito?

The nearby SM Blue is selling for Php2.3M already (its a bit bigger than Camella).

[vinj]

Camella is putting up a condo in front of Ateneo? 15sqm studios have a Php1.5M++ price.

Ok ba mag-invest dito?

The nearby SM Blue is selling for Php2.3M already (its a bit bigger than Camella).

Ouch... it's still P100K per square meter. If the plan is to rent out the condo to students in Ateneo, Miriam or UP, competition will be quite stiff with all the dorms and condos in the area. My family has a condo in that area and right now, its been serving as a pretty good bodega. :D I'd rather buy a condo in a business district or in areas such as Mandaluyong, Makati, or the Ortigas area which will provide the user a lot of convenience to their work place (one of the main reasons people choose to move into condos).

If in the QC area, i'd probably look for a townhouse at the least if i want to invest or use it later on. Or maybe buy an old house in a quiet residential neighborhood, hold on to it and keep it secure for a few years then tear it down and build a few nice townhouses on it.

[asb75]

Camella is putting up a condo in front of Ateneo? 15sqm studios have a Php1.5M++ price.

Ok ba mag-invest dito?

The nearby SM Blue is selling for Php2.3M already (its a bit bigger than Camella).

Sobrang mahal yan, ang liit nang floor area 15 sqm. 1.5M, & stay away from SM condos. take note kung student ang magrerent, don't expect na mapapaayos ang maintenance nang condo. magtownhouse ka na lang at least mapapasaiyo at mapapamana mo pa sa mga anak mo. magiging kaperahas yan tulad na nangyari sa Dubai UAE sobrang dami condo units ang tinayo at overpriced hayun nagalisan na ang mga expats. so nabaon sila nang utang sa bank.