
Originally Posted by
Altis6453
Just a cautionary note about buying condos for investment.
As a general rule, condos depreciate over time instead of appreciating since you're essentially buying a space within a building. That building is comprised of walls, machinery and equipment, all of which needs constant maintenance, if not replacement after some time --- so having an excellent property manager or administrator is key. Getting good ones cost money and this will affect how much you pay by way of condo dues.
So far, condo projects which have appreciated in value, or at least retained value close to its acquisition cost are those developments in the high-end market i.e. Rockwell, Ayala Land Premier, Pacific Towers, etc. since they are maintained very well by property management and are in good locations like BGC or Makati CBD.
For other condos, especially in the middle income market segment, the best time to flip it would probably be when it is ready for turnover to you since interest in the project is still riding high.