SM Residences - as investment?

[ghosthunter]

I would like to ask some unsolicited advise regarding putting some money into purchasing a unit at SM Residences, like the SM LIGHT Residences.

Do you think its a good investment or will I just be wasting my money?

LINK: Light Residences Price | SM Light Residences

Prices are affordable so it kind occurred to me.

[crazy_boy]

Maganda location niya. Pagbaba mo kasi mrt na. Mahal na price ngayon. Nabili ng boss ko sa kanya around 63k per sqm. That was in 2009. And never babahain yung location na yan. 15 mins away from rockwell. Between makati and ortigas pa siya.

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[jigs_xix]

Nakabili ako sa Makati Jazz Residences (also with SMDC) around 70K per sqm in 2010. Now, na on-going pa yung construction, the price is around 90K per sqm. I could say good investment if I chose to sell or lease it to a small time expat.

Boss GH, baka makatulong ang thread na to on your decision. Di ko alam kung magkano na ang bentahan sa Light ngayon especially that another competitor is on the rise, sa tabi lang mismo.
MANDALUYONG | Light Residences [40F|res] - SkyscraperCity

[crazy_boy]

Yung lot ng sm jazz, part ba ng cemetery yung dati? If im not mistaken, papatayuan daw ng crematory sa harap nun

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[R.Paul]

hayzz bushet yang ginagawang SM jazz sa makati. napapatakan ng pintura ung kotse kasi katabi lang niya pinapasukan ko

Sorry OT

[timrev]

try look sa sampaloc area sa manila sa University Belt ok din kuha condo dun kung paparent lang...

[jigs_xix]

^hindi po sir crazy_boy, walang part ng cemetery. Ang nabili lang ng SM for Jazz ay yung PLDT property, katabi ng SPI (call center?) at tapat ng Mapua.

[Altis6453]

I would like to ask some unsolicited advise regarding putting some money into purchasing a unit at SM Residences, like the SM LIGHT Residences.

Do you think its a good investment or will I just be wasting my money?

LINK: Light Residences Price | SM Light Residences

Prices are affordable so it kind occurred to me.

Depends if you're looking to lease it out or flip it right away.

The way SMDC puts out its residential projects, you might find it hard to compete with the newer buildings or units if you decide to sell.

If you're after passive income by leasing it out, just compute how much and how long before you ecover your investment.

[oliver1013]

Mag avida centera ka nalang dude..kahit papano mas may peace of mind tayo sa ayala pag dating sa development...

[Retz]

Maganda nga location ng Light Residences may mini grocery pa sa baba. If the price is favorable, why not?

[oliver1013]

Magkakahelera yan sa stretch ng edsa, yan sm na yan, avida centera and a dmci project...iba iba features almost the same price range..at the end its the developer you trust and who best maintains their projects inthe long run ang labanan...just check their track records...

[vinj]

If you plan to rent it out, the location is good as it's next to the LRT, and is between Ortigas and Makati. It's not a flood-prone area (although during heavy downpours, the drainage on that part of EDSA sometimes gets overwhelmed but isn't much of an issue to the development) and on terms of foundation, I think that part of the Metro (Mandaluyong) is pretty much adobe and it's a safe distance from the Marikina faultline as compared to the Ortigas hi-rises.

The construction is also handled by another party (not Megawide which had some issues with quality on the first few projects... Mezza Residences was a nightmare it seems).

[vinj]

Magkakahelera yan sa stretch ng edsa, yan sm na yan, avida centera and a dmci project...iba iba features almost the same price range..at the end its the developer you trust and who best maintains their projects inthe long run ang labanan...just check their track records...

If it's a condo for me to live in, at that area, i'd go with the DMCI. If it's for rentals, the SMDC or Ayala projects are more viable due to their proximity to EDSA-LRT.

[dreamur]

If it's a condo for me to live in, at that area, i'd go with the DMCI. If it's for rentals, the SMDC or Ayala projects are more viable due to their proximity to EDSA-LRT.

Sir vinj, what made you choose dmci for condo living? I have invested in one (Taguig area) and would like to validate if I made the right decision.
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If it's a condo for me to live in, at that area, i'd go with the DMCI. If it's for rentals, the SMDC or Ayala projects are more viable due to their proximity to EDSA-LRT.

Sir vinj, what made you choose dmci for condo living? I have invested in one (Taguig area) and would like to validate if I made the right dec

[vinj]

kaya naubos din kasi multiple parking ang binili nung iba then they rent it out.. separate kasi title nang parking..

unlike sa ibang developers.. like ayala land.. kasama sa unit yung parking.. making sure all units have parking space..

Actually, i do advice friends who buy condos to always get a parking slot as it adds the marketability of your unit in the rental market or you can rent it out separately.

Sir vinj, what made you choose dmci for condo living? I have invested in one (Taguig area) and would like to validate if I made the right decision.

I haven't bought a DMCI project yet. In fact we recently got one from another developer but i can say DMCI has got the construction/development turnaround pretty much pat, while some other developers who are still on the learning curve. This can translate to less headaches with defects and better planned projects for the buyers. You also look at the buyer profile of the project. If it has a lot of end-users (the actual owners live in it), then the community usually is more likely to be better maintained and the association dues don't end up with too many delinquents as the stakeholders are present. This doesn't apply to all though.

On another note, outside of Rockwell Land and Ayala Land, I would shy away from a high-falluting/high-end project with those "resort living"and "designer" hooplas. If its high end with a lot of frills, the association dues are expensive and maintenance is going to be a headache. What the more if the buyers are those who are speculative or based abroad? Chances are mapapabayaan lang and the rental market for that is quite limited.

[Phoenix67]

Tutuo kaya yung rumor I heard from a stock trader friend of mine that - "SMDC is said to have reached single borrower's limit in most banks. Even third rate banks are said to be refusing to lend to SMDC. To provide liquidity to SMDC, management is merging her with SMPH"

Kung tutuo eto...tagilid ang mga sumugal sa SMDC...lalo na ang mga pre-selling nila na properties.

[vinj]

Tutuo kaya yung rumor I heard from a stock trader friend of mine that - "SMDC is said to have reached single borrower's limit in most banks. Even third rate banks are said to be refusing to lend to SMDC. To provide liquidity to SMDC, management is merging her with SMPH"

Kung tutuo eto...tagilid ang mga sumugal sa SMDC...lalo na ang mga pre-selling nila na properties.

I would not put it that way as Single Borrower's Limit (SBL) pertains to ownership of a company as well; thus SMDC, SMIC, Highlands Prime, etc. etc. will be grouped under the same SBL in each bank (plus the SM group is limited and closely watched with their dealings with their own banks). Given that, SBL will not be the reason why the companies will be merged. The same issue of SBL applies with large conglomerates such as San Miguel and Metro Pacific where they have billions in borrowings from banks and market issuances.

The SM group also has issues of competing against it's own as the different developers they have compete in the same areas in some cases. If they would be merging, it's probably to support the company that has been expanding too fast for it's own good through consolidation. At the end though, they still have a lock on a lot of prime properties in the Metro.

[CVT]

So Green and Blue are out?...

18.4K:sun:

[vinj]

Nah, tuloy pa rin yan as in the case of Blue, it's already constructed and they've fought with the entire Katipunan community already so they gotta own up to it. I'd expect their future projects to slow down or be put on hold until they sell off and convert their existing inventory.

[dreamur]

Na-miss read ang market? One possibility is because they read the market to be those who have no vehicles as this happened to another developer i know. They sold units at around 750K to 800K through Pag Ibig, so at that range the target market was deemed to be those who really didn't have cars... Turned out the buyers would even have cars that were more expensive then the condo units.

And they allow the homeowners/tenants to acquire/rent more than 1 parking space.