Does investing on a condominium still a good idea?

[MACpod]

With the sprawling condominiums being erected all over metro manila nowadays, does investing on one of them still a good move? I am eyeing the Fort Bonifacio area as I believe location should be one of the main consideration.

Or my other option is to just look for a lot somewhere in QC and put up maybe a small apartment.

Appreciate any of your thoughts on this. TIA

[ghosthunter]

With the sprawling condominiums being erected all over metro manila nowadays, does investing on one of them still a good move? I am eyeing the Fort Bonifacio area as I believe location should be one of the main consideration.

Or my other option is to just look for a lot somewhere in QC and put up maybe a small apartment.

Appreciate any of your thoughts on this. TIA

If you have money to spare for investments, yes. Generally Makati area condos are good investments.

Of course check the developer too.

[projector]

Mas prefer ko ung lot in q.c at magpagawa na lng ng apartment

Hindi ako boto sa pagbili ng condo maski maganda pa location kung investment ang paguusapan

Ang tao dumadami ang lupa kumokonti

[tidus1203]

I am also a firm believer on buying LANDS instead of condos...

[oliver1013]

If you want to invest in real estate, condo man or lupa or bahay, buy below market value, otherwise tsambahan na.

[number001]

For me personally, its a big NO.

But if its for others who are going to invest in a condo, go for the tested developers (ie. Ayala, St Francis, etc...). Makati is overpriced esp. Ayala projects (Park Terrace - Php 170K/sqm; when there are other project within the 1 km that can cost Php 90K/sqm). Just wait for the market to turn south, if you really want to invest in a condo without the premium price.

[ChunkyLover]

Condo buildings have a lifespan...

[_Qwerty_]

what do you mean?

ano yun after ilang years gigibain na?

it's not the condo buildings that has a lifespan, it's the corporation that runs the condo that has a 50 years lifespan as per Philippine laws.. pero that can be solved naman create another corporation..

the building itself, kung maintained properly can last a lifetime..

Condo buildings have a lifespan...

[1997]

ok na rin naman to invest on Condo... Pero mas ok na yung resale na mura... We bought one condo that is way below market value and rented it out.. tagal nga lang ng ROI pero self liquidating naman eh kasi naka Loan din... hehehe...

[pink888]

ok na rin naman to invest on Condo... Pero mas ok na yung resale na mura... We bought one condo that is way below market value and rented it out.. tagal nga lang ng ROI pero self liquidating naman eh kasi naka Loan din... hehehe...

Yes sir. I agree. I'm planning to do the same thing.. Another way to earn money is to sell it po after making some improvements on it..


BTW, I have some resale units.. Let me know po if you need some.. Thanks


Happy Investing!

[cutenancy]

Lancaster along cavite ok ba sya?

[ice15]

My personal opinion... And being a condo owner myself.

Depends on what do you mean by "investment."

If you value preparing meals for your family? having time with them? helping to prepare kids before and after school? - it's starting to sound like a condo ad, but for me, its the reason why I bought one.

If you plan to sell it after or have it rented, I will vote against it, not unless you're buying the high end ones.

By the time you decide to sell your low-mid priced condo, may bagong tinatayo yung ibang developer almost at the same neighborhood... Pre-selling kalaban mo, so mahirap mag benta.

Rent naman, not unless long term loan mo, halos di kaya ng monthly rent yung bank payments mo. So halos break even lang.

[BratPAQ]

Lancaster along cavite ok ba sya?

Anybody has feedback for Lancaster new city? A friend is selling us his house na presyo nung binili nya, eh mas mahal na new unit ngayon. His house eh hindi pa nya nagagamit. I wonder it it's a good location.

[ChunkyLover]

what do you mean?

ano yun after ilang years gigibain na?

it's not the condo buildings that has a lifespan, it's the corporation that runs the condo that has a 50 years lifespan as per Philippine laws.. pero that can be solved naman create another corporation..

the building itself, kung maintained properly can last a lifetime..

Thats true... But still all building structures has its life span, not like lots...
Would you think that the corporation would spend its own money to maintain a building thats already been sold... Hmmm i donno the answer

Please correct me if im wrong thx

[_Qwerty_]

when a building get sold.. a new corporation corp is formed by tenants as unit owners.. each owner owning a share of the building and the lot.. that's how it works.. so ang magpapatakbo at mag ma maintain na nang building eh unit owners thru the condo corp..

[tidus1203]

Thats true... But still all building structures has its life span, not like lots...
Would you think that the corporation would spend its own money to maintain a building thats already been sold... Hmmm i donno the answer

Please correct me if im wrong thx

Yep the LAND is the golden egg, the house depreciates over time or in this case the condo. Although there are location considerations which can make the condo still appreciate even if its old. A land on a good location would still be better than a condo in a good location. And realty tax is much much cheaper than association dues on a condo. Even if your condo is vacant you still need to pay association dues...

Ang kalaban mo lang is squatters pero kung nasa matinong lugar naman (like a gated village for example) di naman mag-squatting yan. If the area is prone to squatting (God only knows why you buy a land prone to it dahil sigurado bagsak value nya) then just hire a security allow his family to live with him on a shack in the lot. Arm him with an M16!

[oliver1013]

It is not necessarily correct that lots are better than condos, it still depends on the situation. For example if you have only P5M alloted for your investment, and you are choosing between a condo unit and a lot. If you get a condo you can have it rented out then money is coming in, for a certain amount of time you can sell it higher price if you bought a unit in a nice location, after earning rental income. Meanwhile if you get a lot for the same amount, either you spend again to build a structure so you can do something on it like have it rented out or just leave it as is and wait for it to appreciate (it still depends on whatever development happens in the area to affect appreciation, pano kung wala masyado or kung minals malas ka pa na binaha pa yung lugar), meanwhile you have to pay for monthy dues and real property taxes every year.

Sa kabilang banda kung nag research ka at alam mo kung saan ang mga kalsadang planong gawan ng gobyerno in the future at may mabibili kang mura pa ngayon may tsamba ka, magintay ka lang, for the meantime bakuran mo yung lupa mo at magbayad ka muna ng taunang amelyar. Gaya ng isang ektarya na pinapabenta ng tyuhin ko sakin, mga 10-15 meters away from the proposed visayas ave extension, 6k daw/sqm pwede pang tawaran at baratin basta lapagan mo ng salapi(matanda na may ari) madali na yan kasuapin. Pag natapos na yung visayas ave extension, kayo na humusga kung magkano na yun by that time. Yung may ari daw ng lupa na tinutumbok ng visayas ave sa tandang sora pinadalhan na ng DPWH ng sulat para sa planong proyekto. Sorry plugging.

Basta its always case to case basis, do your research, learn from others, and trust your instinct.

[foresterx]

Depends on how nice and where the condo is. My dad bought a condo at rizal tower rockwell, he got it for 20M pre-selling pa lang 3 bed room. Pina rent niya muna for 5 years, not sure how much but no more than 200k a month after niya pa rent na bawi na niya lagpas kalahati ng binayad niya, ayaw pa nga umalis ning nag rerent kahit daw taasan monthly ok lang. Now pag umuuwi sila dito sa philippines don na sila tumitira. Sabi nga niya if he only knew that rockwell would be that nice dapat dinamihan na niya ang bili at pina rent pa. Ngayon bentahan sa rizal tower ng 3 bed room 50m-60m unahan pa ang mga bibili.

So yes it's a good investment if you choose a nice condo.

[nic]

Napansin ko lang sa condo, either mataas ang rental income pero mababa ang capital growth OR mababa rental income pero mataas capital growth.

Bumili ako ng lumang condo. Maganda sa luma ang lalaki ng cuts. Ang taas ng rent na nakukuha ko vs my investment. Kung i-compute ko without factoring in capital growth/inflation 10 years bawi ko na. Pero dahil luma na building, baka di na masyado tumaas value.

Kapatid ko naman bumili ng bago sa Fort. Kung i-compute mo sa rental without capital growth/inflation, mga 15-20 years nya mababawi. Pero mas malaki potential na tumaas ang value ng property. Concern ko lang sa Fort, sobra daming tinatayo. Kung tumaas man value ng property mo, baka mahirapan ka din ibenta- so di mo rin mapapakinabangan yung growth?

Yung sa kapatid ko binebenta na nya, pero di nya mabenta sa market value. Kaya ginawa nalang nya para mabenta, kung magkano nya nabili 2 years ago, ganun din nya binebenta. So ano yun, "artificial" lang ang pag taas ng value, baka sabi lang ng mga developer? Or dahil sa over supply?

Please post your opinions. Gusto ko kasi bumili ng isa pa, di ko lang alam kung sa luma ulit ako bibili o sa bago naman.

[foresterx]

Bro get one at rockwell, meron 2 bago tinatayo don one rockwell and edades. One rockwell december na turn over, edades 2013 ata. Condo prices in rockwell just keeps rising, meron binebenta sa akin last year sa amorsolo 27M but nag back out owner tapos ngayon he decided to sell it again 33M na ang price. Imagine sa one rockwell december pa turnover but konti na lang ang units for sale karamihan pa studio type ang natira. Sa edades naman 3 bed rooms konti na lang ang natitira pero kelan lang sila mag start mag benta.

From what i see in the fort condos, just last year then while i was in the hunt for a new place to live dagain mga condos don. Kaya siguro di tumataas ang value. Actually dapat don ako bibili instead of rockwell but i have 2 friends who lives in the fort and they say the same thing na dagain nga daw since dami restaurant sa baba ng mga condo.