Does investing on a condominium still a good idea?

[StockEngine]

nagkakaubusan na ng properties... thats the next thing... rentals..

[papi smith]

Ayos ah! Saan ang condo nyo sir xwangbu? Hindi lahat ng condo madaling ipa-lease Kasi.

[xwangbu]

Ayos ah! Saan ang condo nyo sir xwangbu? Hindi lahat ng condo madaling ipa-lease Kasi.

sa mass housing ng smdc po. hehe
sm sea res sa may moa.
i'm surprised nga sa demand ng units dun for rental lalo na sa daily.
2k-3k/day
27k/mo long term lease for a 24sqm unit.
excluding parking pa.

[papi smith]

sa mass housing ng smdc po. hehe
sm sea res sa may moa.
i'm surprised nga sa demand ng units dun for rental lalo na sa daily.
2k-3k/day
27k/mo long term lease for a 24sqm unit.
excluding parking pa.

ganda ng rental price!

[go-to-guy]

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.

Baka maraming mga mainland Chinese workers na naghahanap.

[sphinxz]

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.

Airbnb perhaps? Baka established na sila dun kaya mas marami silang potential clients.

[EQAddict]

A few days ago I leased out my recently turned over condo. Location was in serendra. Took me about a month from advertising it to closing the deal.

The demand there is very strong.



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[EQAddict]

Demand from chinese doing business here and their employees is really strong.

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[jut703]

Previously only high-end condos in CBDs appreciated very quickly. The rapid influx of Chinese workers (legal and illegal) suddenly made low end condos in key areas (MoA area, Makati) appreciate significantly as well.

As an investor renting out the unit, this is good news. But if you're a homeowner living there, it probably isn't fun being crowded by mainlanders all the time.

My aunt has a unit at SM Jazz in Makati and when we visited one time, the elevator queues were 90% mainlander and only 10% pinoy. [emoji52]

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[StockEngine]

Previously only high-end condos in CBDs appreciated very quickly. The rapid influx of Chinese workers (legal and illegal) suddenly made low end condos in key areas (MoA area, Makati) appreciate significantly as well.

As an investor renting out the unit, this is good news. But if you're a homeowner living there, it probably isn't fun being crowded by mainlanders all the time.

My aunt has a unit at SM Jazz in Makati and when we visited one time, the elevator queues were 90% mainlander and only 10% pinoy. [emoji52]

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the invasion is nuts.. poor pinoys in those areas🤦*♂️

[EQAddict]

The price we have to pay for capital and rental appreciation.....

Been to SM Jazz and i know what you mean.
Even the streets beside it make you feel like youre in Shenzen.



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[ray_noel]

I was in makati the other day and stayed at versailles in one central... rented it 3k for 1 day and its true, daming mga tsekwa kasabayan ko sa elevator... pati sa 7/11 pag bili ko ng grocery... kausap ko yung frontdesk, uso pala daw yung buildng mgt na ang mag aarange sa condo mo for rentals...


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[kagalingan]

kaya nga be happy sa dami ng chinaman.

[EQAddict]

kaya nga be happy sa dami ng chinaman.

Exactly. Theyre also helping out our economy.

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[xwangbu]

pa-ot
pano na process ng pagbebenta ng resale condo unit (clean title na, hindi assume balance) w/o engaging a broker or agent?
a potential buyer agreed to shoulder taxes and fees.
sanay kami ni misis sa mga residenial lots.
di ba matagal processing pag Pasay area?

and ano effect ng Train law? tia.

[papi smith]

Ganyan din terms nung binenta ko condo namin, what happened was the notaryo executed 2 deeds of sale, 1 for BIR and 1 for us, according to her, in denial pa din daw si BIR, hence they don't agree that the DOS contains a provision where buyer will shoulder all expenses, so the other one was for us, where dun nakalagay na shoulder ni buyer everything. That's it abutan na ng bayad at uwian na pagkatapos.

bahala na si buyer sa effect ng train law, tutal net naman ang hinihingi mo sa kanya and it doesn;t matter kung magtagal ang processing, the buyer is in possession naman and siya naman nagpapalakad nyan, 15k daw siningil nung taga lakad nya.

[xwangbu]

salamat boss. [emoji5]
so ang copy ng CCT pano makukuha ni buyer? need pa namin magexecute ng affidavit?
or ok lang ba na bigay ko scanned copy? baka kasi magaya kami dun sa mga nagawan ng fake title hehe.
and sa payment - DP muna then we asked for manager's cheque sa balance.

[xwangbu]

and san me legit na notaryo? yung pinagnonotaryuhan ko sa may taft mrt mukhang kolorum e. [emoji4]

[papi smith]

Yung CCT ko ginawan ko ng watermarked PDF for verification niya. Cash Ang bayaran namin, sa bank niya mismo, nag open ako ng account, so credited agad, tapos withdraw ko thru MC leaving the minimum deposit amount and close the account after the holding period.

Notaryo humanap lang kami ng hindi mahaba ang pila sa retiro, dami dun. Legit? I don't care naman, nasa akin na payment niya.

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[xwangbu]

tenk yu!
gayahin ko na lang ginawa mo.