Properties in Metro Manila worth 1M - Do they exist?

**chrismarte** · July 26th, 2014 02:24 PM

Originally Posted by yebo

Yun kasi neighbor ko dati after Ondoy lumipat sila ng novaliches bayan, umaalis sila ng 4:30 am para makapasok sa UST yung anak na babae ng 7:30. Same din daw pauwi sila ng 6pm makakadating sa bahay ng 9pm. Well, maybe mabagal mag drive hehehe!

actually chief totoo na 3hrs or more pag di mo alam pasikot sikot...crowded na rin at marami na rin kasing nagamit ng SB road. may bagong bukas na daan yung sa may petron at 7-11 malapit sa Gen. Luis na sabungan.

**oliver1013** · July 26th, 2014 02:52 PM

Ayalaland's brands from top to bottom

Ayala Land Premiere
Alveo
Avida
Amaia
Bella vita, hth

Anyone here interested on acquiring any kind of property and any developer, just PM me your email add and your requirement, I could send you details..Im a licensed broker btw.

Shameless plug

To answer the TS, 1M and below properties in MM, baka meron condo na maliliit sa mga developers na hindi kilala tapos distressed sa mga lugar na di masyado ok. Don't expect too much from these properties.

I remember 5 years ago may mga condo diyan sa may lagpas ng quirino ave papunta nlex ang pre selling price noon mga P500k per unit na less than 20sqm. Kung may naka bili diyan at gusto ibenta na balik puhunan lang for emergency pruposes, ayan we have a winner.

**_Cathy_** · July 26th, 2014 02:59 PM

Originally Posted by chua_riwap

Agree. Medyo malayo na gentri.

Yup. Avida is Ayala.
..

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That seems like a good price for an Ayala development

Originally Posted by BratPAQ

Yung iniwang lupa ng lola ko sa Tondo. Binenta ng 1mil. 100 square meter daw yun. The thing is looban yun. Pero pag binuksan ng dirediretso yung kalye sa pagitan ng Juan luna at riles eh front lot Yun kaya binili nung buyer.

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10k per square sa Tondo area? I thought Manila properties cost way more than that.

**_Cathy_** · July 26th, 2014 03:03 PM

Originally Posted by oliver1013

Ayalaland's brands from top to bottom

Ayala Land Premiere
Alveo
Avida
Amaia
Bella vita, hth

Anyone here interested on acquiring any kind of property and any developer, just PM me your email add and your requirement, I could send you details..Im a licensed broker btw.

Shameless plug

To answer the TS, 1M and below properties in MM, baka meron condo na maliliit sa mga developers na hindi kilala tapos distressed. Dont expect too much from these properties.

so SM condos are worth much more than that? I remember having a big fight with my Mom about the SM condo in Reposo, sa may sementeryo

I had the impression that SM condos (studio) are at the 1 - 1.5 million mark. I would never buy anything SM though since I hate how they do their business.

**dcph172** · July 26th, 2014 03:13 PM

Cityland pines peak in edsa reliance and studio one by filinvest in alabang. Both has studio units for 999k cash.

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**oliver1013** · July 26th, 2014 03:14 PM

Cathy yung condo ni SM sa may rotonda espana, dati 1.2M+ ang preselling ng studio nila. Most likely mataas na siya ngayon. Maganda rental opportunity nun like the one in Aurora blvd kasi di tayo mauubusan ng mga estudyante.

I have a listing there in SM princeton sa may aurora, 1BR less than 30sqm * 25k/mo, 2 months lang naupahan na, tapos dami parin nag iinquire after.

Then I have a renaissance condo unit 87sqm 1BR with parking fully furnished P30k lang/mo till now no takers. Ortigas pa yun. Add also a 2 BR bi level in Pioneer , Robinsons development,76sqm fully furnished at P35k till now no takers. Along edsa pa yun at katabi ng Robinsons mall.

Iba parin ang hatak ng estudyante renters.

**Calistro** · July 26th, 2014 08:24 PM

Originally Posted by 111prez

Nuvali is booming. I suspect a lot of offices will transfer to the Nuvali CBD soon

If you live and work in Nuvali, there is no need to go to Metro Manila anymore. Well, except to the airport or seaport.

Hindi ba flood prone un areas sa paligid nyan sir?

**speed_kills** · July 26th, 2014 11:26 PM

Originally Posted by _Cathy_

If they exist, I wonder how much one can earn renting it out?

Also, how do condominiums work? If I buy a condo, what happens after 100 years? My friend said it's also good to buy old condos, so when they tear it down either you get paid for it or you get your space again when they rebuild? I doubt if there are 1M condos in Makati though. hehe.

I have 2 colleagues that bought low cost housing on loan in Antipolo. I think it's more or less 1 M. Is that a good decision?

Speaking as a property investor, I think better save up a bit to be able to pay for the equity, then do a bank loan to pay off the balance since interest rates are at an all time low.

Condos have a life, probably at least 50 years, before it may be demolished. Then, residents will share the value of the land. If it's rebuilt, that means people will have to pay again.

Among the famous Metro Manila developers, I think DMCI is one of the better ones (way better than SMDC imho) for affordable condos. Find a location that you may want to live in yourself. Because if you like a place, probably there are others who will feel the same.

Take note of the size also and I will advise against those 20sqm studio units. If possible, consider something at least those 2-br 60+sqm units as it is much more usable.

**BratPAQ** · July 27th, 2014 08:51 AM

Originally Posted by _Cathy_

10k per square sa Tondo area? I thought Manila properties cost way more than that.

2 things I can think of that brought the price down. Currently looban sya kaya siguro mababa. 2nd is ang nagbenta eh 2 housewives na I think walang idea sa prevailing price.

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**macsd** · July 27th, 2014 10:01 AM

Originally Posted by 111prez

Nuvali is booming. I suspect a lot of offices will transfer to the Nuvali CBD soon

If you live and work in Nuvali, there is no need to go to Metro Manila anymore. Well, except to the airport or seaport.

Huwag ka sana magdilang angel...i live in the area, so far it's good as it is already with time to time traffic here and there. Can't imagine kung mangyari yang sinasabi mo, traffic will surely be chaotic here as well, 1 primary reason i left & hate going to the metro.

Originally Posted by oliver1013

Cathy yung condo ni SM sa may rotonda espana, dati 1.2M+ ang preselling ng studio nila. Most likely mataas na siya ngayon. Maganda rental opportunity nun like the one in Aurora blvd kasi di tayo mauubusan ng mga estudyante.

I have a listing there in SM princeton sa may aurora, 1BR less than 30sqm * 25k/mo, 2 months lang naupahan na, tapos dami parin nag iinquire after.

Then I have a renaissance condo unit 87sqm 1BR with parking fully furnished P30k lang/mo till now no takers. Ortigas pa yun. Add also a 2 BR bi level in Pioneer , Robinsons development,76sqm fully furnished at P35k till now no takers. Along edsa pa yun at katabi ng Robinsons mall.

Iba parin ang hatak ng estudyante renters.

Bro, i have a studio unit at SM Blue corner of Katipunan-Aurora just a walk to Ateneo ready for turn-over. It's to be rented out na since my daughter has opt to go UST. If you can find me a tenant, finder's fee apply.

1M for a metro property, wait until you bump into a desperate seller.