Does investing on a condominium still a good idea?

[uls]

i don't see how they can retain value when developers can just build more of them

kinda like a company issuing more shares diluting existing shareholders

[papi smith]

Same here, sold my condo a little below cost, talo pa sa pagod pag fit out, bayad ng dues at cost of money. No choice kundi ibagsak ang price, pahirapan kumuha ng buyer na cash, kasi kung buyer hulugan, the paperwork is easier with the developer of the same project selling the excess units at lower prices than the pre-selling ones.

[beebee]

[QUOTE=papi smith;2902625]Same here, sold my condo a little below cost, talo pa sa pagod pag fit out, bayad ng dues at cost of money. No choice kundi ibagsak ang price, pahirapan kumuha ng buyer na cash, kasi kung buyer hulugan, the paperwork is easier with the developer of the same project selling the excess units at lower prices than the pre-selling ones.[/QUOTE
my point exacto

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[beebee]

i don't see how they can retain value when developers can just build more of them

kinda like a company issuing more shares diluting existing shareholders

exactly

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[ice15]

I posted earlier na condo's are not a good investment bec palaging may pre-selling sa area... so napaka-swerte na lang ng seller kapag may buyer na specific building mo yung gusto nya bilhin.

However...

I have a colleague from our Makati office who bought 2 units as a "secret safety net" para sa mga anak nya

Pre-selling pa yung building... magkapit-bahay daw yung 2 anak nya... if they will require the units later.

A month ago... he received an offer from his agent...

Kung magkano na nailabas nyang pero X2 for both units. But buyer does not want to meet him and cash lang mode of payment. Bale yung agent lang makikita nya with the papers and the money (agent will have full authorization from the buyer)

Both units were sold today.

[c_cube]

Sana naman yun nag iisa kong nakuhang condo, tumaas naman ang value.

Thinking positive nalang ako haha!

Pero iba parin ang lupa. Kaya nagsisise ako na di pa ako kumuha sa nuvali 4 o 5 yrs ago.

People from the south. Matanong ko lang, kamusta ang daang hari? Matagal ko na gusto pasyalan yun alabang west dun pero kapag naiisip ko daang hari, nawawalan ako ng gana puntahan kasi baka maipit lang ako sa traffic.

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[kagalingan]

kaya madami nabola sa condominium eh akala makakakuha ng "hotel service or hotel ambience".... Haleeer!!!!!

sa hotel iba-iba nakatira araw-araw.... sa condo makatiyempo ka maingay kapitbahay yari ka......

[MR_BIG18]

kaya madami nabola sa condominium eh akala makakakuha ng "hotel service or hotel ambience".... Haleeer!!!!!

sa hotel iba-iba nakatira araw-araw.... sa condo makatiyempo ka maingay kapitbahay yari ka......

ill retire in a condo in tagaytay, sometimes i stay there for weeks, lang neighbors, kasi yung lang tao, mga for rent yung mga units at nilalangaw..may tao lang pag holy week at holidays...good thing is its quiet and if want food, raming resto downstairs, if entertainment naman... ill just go watch sa pagcor, hindi ko generation but i love watching rico j.

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[MR_BIG18]

Sana naman yun nag iisa kong nakuhang condo, tumaas naman ang value.

Thinking positive nalang ako haha!

Pero iba parin ang lupa. Kaya nagsisise ako na di pa ako kumuha sa nuvali 4 o 5 yrs ago.

People from the south. Matanong ko lang, kamusta ang daang hari? Matagal ko na gusto pasyalan yun alabang west dun pero kapag naiisip ko daang hari, nawawalan ako ng gana puntahan kasi baka maipit lang ako sa traffic.

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twice a week i pass there...kulang sa urban planning...ang narrow ng streets...

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[c_cube]

twice a week i pass there...kulang sa urban planning...ang narrow ng streets...

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Thanks. No good for me basta traffic at masikip ang kalsada. Hanap nalang ulit ng iba.

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[beebee]

Sana naman yun nag iisa kong nakuhang condo, tumaas naman ang value.

Thinking positive nalang ako haha!

Pero iba parin ang lupa. Kaya nagsisise ako na di pa ako kumuha sa nuvali 4 o 5 yrs ago.

People from the south. Matanong ko lang, kamusta ang daang hari? Matagal ko na gusto pasyalan yun alabang west dun pero kapag naiisip ko daang hari, nawawalan ako ng gana puntahan kasi baka maipit lang ako sa traffic.

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nuvali is way overpriced now tpos generic pa dpat houses if and when you build one.. try those in carmeltown like morningfields as in katabi lang ng nuvali you you will just cross a road, exclusive din and mhigpit guards. may country club pa na the mills bowling billiards swimming etc.. diffrenc3 sa price 6k per sqm

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[c_cube]

nuvali is way overpriced now tpos generic pa dpat houses if and when you build one.. try those in carmeltown like morningfields as in katabi lang ng nuvali you you will just cross a road, exclusive din and mhigpit guards. may country club pa na the mills bowling billiards swimming etc.. diffrenc3 sa price 6k per sqm

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Will check this sir. Thanks for the tip

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[jut703]

Got my condo primarily as a personal dwelling, only secondarily as an investment.

So far based on a quick online check, it has appreciated 30% since I got it pre-selling 2 years ago.

New projects from the same developer already reflect the 30% higher price with their pre-selling rates. I actually like the location of the newer project but can't wait for the 2021 RFO date.

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[dreamur]

For me, I invested in a condo for convenience as I dont want my daily commute to work to be stressful. Also it gives me opportunity to manage my time both at work and at home. Investment is secondary since work is my primary source of saving.

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[Verbl Kint]

Invest in condos in the vicinity of the above stations.


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[dr. d]

Invest in condos in the vicinity of the above stations.


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it'll be a very close call, between sequestration and golden real estate prices...

[haleysantos]

In due time, I still believe in investing a condominium in Manila. For the moment, our problem in the metro is infrastructure of our public transportation and congested main roads. If these things would be fixed and would have a workaround, then investing a condo would be a good thing for the future. Today, as the current administration is pushing for Build, Build, Build, and the expenses of some products are high, then buying and investing for a condo is the right thing for the long run.

[stayhungry]

Some of these condo prices are getting ridiculous though for the space they offer - i say if you can wait, put it off til the right investment comes along

[ice15]

Some of these condo prices are getting ridiculous though for the space they offer - i say if you can wait, put it off til the right investment comes along

The peso is not very stable plus the effects of TRAIN... I'm guessing unit price will soon go up. But that doesn't mean the market for owned condos will be better. (not unless you own the high end ones)

[xwangbu]

ba't andami yatang ahente na gustong mav-manage ng condo na kumokontak sa ken the pas few weeks? even asking kung gusto ibenta unit ko. me prevalent na scamming MO ba sa mga condo ngayon? [emoji38]

pati tenant ko gusto na maging ahente of the very same unit na nirerentahan nya.
i-lease daw long term sa kanya then bigyan ko ng SPA para i-sublease nya.

maganda nga rates ng short term lease dun sa condo pero iniisip namin ni misis
na ibenta na lang.