China taking Philippine Islands

[uls]

in the past several years ung pag punta ng china $$$ sa australia, london, pati HK

yan ang nagpataas sa property prices sa mga lugar na yan

basta kahit anong city, pag may pumasok na malaking pera syempre tataas ang presyo

di naman kailangan maging einstein para mafigure out yan

[Sebastian Bach]

I agree, prices now is ridiculous. Every time an agent tries to sell me a condo property, especially SMDC and Megaworld, can't help but laugh on my mind - how they justify their over inflated prices.

This property bubble has been talk of the town since 2008. Kailan ba talaga yang bubble na yan? Kaumay na. Parang hype / bash sa stock market.

Anyway, aren't these Chinese buyers buy them in cold cash? I know a lot of mainland chinese buyers buy these resale condos in cold cash. May effect ba to sa "bubble"? I'm curious.

[uls]

basta as long as there are people around us earning serious money the money flows to property and support property prices

OFWs $$$ have been a MAJOR source of money going into PH real estate

tapos ngayon dagdag mo pa ang China $$$

kaya kung local working class PHP earner ka you're priced out

you can't compete

[uls]

i hear people say life isn't competition

i'm gonna tell those people "hey try looking for a place to live... now you tell me life isn't competition"

if there are people willing to pay 50K/month to rent a place and you can only pay 25K you lose

[minicarph]

di naman kelangan literal na ung workers mismo magbayad ng condo unit

basta kung sino man ang nag naglalabas ng pera hindi kaya tapatan ng mga locals

I think the business model is like Uber / Grab or even Facebook before the IPO, the developers themselves are buying their units thru some dummy company to show that they are selling.

I roam BGC at night at times and per my observation, hindi fully occupied ang mga condos sa bgc as they claim to be, walk between 8-10pm, and you’ll see halos walang ilaw ang mga condo units per floor , then walk again before 12mn, same group of lights.

I learned these sa Shang Fort coz my office view is Makati Shang, after so many months pf observing, i can safely say na Fort Shang is averaging 30% booking on a given weekday.

It”s artificial sinsabi ko sayo, there’s something odd going on.

I also roam the older sides of bgc like Forbes town and those condos located near the libingsn ng mga bayani, dun parang 10-15% full lang. and yet they say its appreciating pa daw. How come, kakatakot kaya yun nag iisa ka lang sa isang floor on a very large upscale condo tapos view mo libingan pa.

[uls]

For the past 10, 15, or 20 yrs China has been exporting stuff to the US and rest of the world and in the process earned TONS of $$$

at one point China's forex reserves almost reached 4 TRILLION $$$ (to put that into perspective PH forex reserves is only 85 billion $$$ as of June 2019)

China's export machine created many millionaires and billionaires in the mainland

those newly rich Chinese then spend their money abroad buying luxury goods in Paris, real estate in top cities around the world

wherever China $$$ went, property prices went up

so is it a mystery that PH property prices went up coz of Chinese $$$?

[minicarph]

I agree, prices now is ridiculous. Every time an agent tries to sell me a condo property, especially SMDC and Megaworld, can't help but laugh on my mind - how they justify their over inflated prices.

This property bubble has been talk of the town since 2008. Kailan ba talaga yang bubble na yan? Kaumay na. Parang hype / bash sa stock market.

Anyway, aren't these Chinese buyers buy them in cold cash? I know a lot of mainland chinese buyers buy these resale condos in cold cash. May effect ba to sa "bubble"? I'm curious.

Like i said 40% lang ang pambile lang ng foreigner under the property stoxk/property, even if they can buy 100%, so my question is who is shelling out the 60%.

It has to be Pinoy. But I doubt if locals coz why would I shell out 60% on a unit and then 40% lang aa foreigner, parang lugi ako if we share the unit, if we use it.

So it”s a Pinoy company. If the developer themselves are shelling out the 60% , then that’s cooking the books. Obvious, na theyre buying their own to make it look like it sells. So it must be a third party company , maybe a proxy company din nila. Medyo untraceable.

Condominiums are run like Corporations, and there fore parang stocks yan . Kaya ako kinakabahan sa business model

I do hope our government is aware of this, even SEC.


Hinde naman kasi question na may pambile, eh limited nga lang ownership nila

[uls]

I think the business model is like Uber / Grab or even Facebook before the IPO, the developers themselves are buying their units thru some dummy company to show that they are selling.

I roam BGC at night at times and per my observation, hindi fully occupied ang mga condos sa bgc as they claim to be, walk between 8-10pm, and you’ll see halos walang ilaw ang mga condo units per floor , then walk again before 12mn, same group of lights.

I learned these sa Shang Fort coz my office view is Makati Shang, after so many months pf observing, i can safely say na Fort Shang is averaging 30% booking on a given weekday.

It”s artificial sinsabi ko sayo, there’s something odd going on.

I also roam the older sides of bgc like Forbes town and those condos located near the libingsn ng mga bayani, dun parang 10-15% full lang. and yet they say its appreciating pa daw. How come, kakatakot kaya yun nag iisa ka lang sa isang floor on a very large upscale condo tapos view mo libingan pa.

so what IS your point?


what if there are people parking money in PH condos pero hindi ino-occupy

what if it's capital flight out of China and seeking shelter in PH property

[uls]

Like i said 40% lang ang pambile lang ng foreigner under the property stoxk/property, even if they can buy 100%, so my question is who is shelling out the 60%.

It has to be Pinoy. But I doubt if locals coz why would I shell out 60% on a unit and then 40% lang aa foreigner, parang lugi ako if we share the unit, if we use it.

So it”s a Pinoy company. If the developer themselves are shelling out the 60% , then that’s cooking the books. Obvious, na theyre buying their own to make it look like it sells. So it must be a third party company , maybe a proxy company din nila. Medyo untraceable.

Condominiums are run like Corporations, and there fore parang stocks yan . Kaya ako kinakabahan sa business model

I do hope our government is aware of this, even SEC.


Hinde naman kasi question na may pambile, eh limited nga lang ownership nila

kailan sumunod sa rules ng Pinas ang mga mainlander?

[minicarph]

so what IS your point?


what if there are people parking money in PH condos pero hindi ino-occupy

what if it's capital flight out of China and seeking shelter in PH property

Maybe im a reluctant patriot uls. I know where its heading if the shits hits the fan.

So maybe i just expressing out, kasi diba pinagaralan namin natin dati 2008 financial crisis and the subprime.

In this case the subprime will be not be the foreigness, but these countrymen of ours na bibile ng overprced properties just because it’s so traffic. And are lured to the “luxury” life but not really premium property.

[uls]

madami pera umiikot

OFW remittances, BPO industry, Chinese money

madami talaga pera

kaya understandable mataas presyo ng real estate

all that money has to go somewhere and real estate is always 1st destination

[uls]

so who's paying?

the employees?

no



so who's paying?

the gambling operators are

[uls]

anong laban ng local renters sa china gambling operators?

kung ikaw landlord you're gonna kick out your existing tenants coz somebody else is willing to pay much more

[Sebastian Bach]

Hinde naman kasi question na may pambile, eh limited nga lang ownership nila

So how do you say na may property bubble ?

AFAIK,

One of China's contributor of their fake GDP are their rising properties. Its high coz they are required to have a property to build a family. Sa kanila mas prone ang bubble coz these properties are being loaned there. Dito sa pinas, hindi ni niloloan. Borrowing from banks was a ridiculous option for them, I should know coz I work with them everyday. If they can't afford to buy on their own backyard, they buy here in PH. All of these properties are just stuck there, no need to fill up. It served its purpose. Same here sa pinas. Ma fill up man yan ng rent or what, it wont have any effect as long as they bought it in cash.

YES, yung 60% na snasabi mo are being manipulated as well. SOLD OUT is their BS illusion. I also add that these Chinese buyers get pinoy dummy accounts (partnership) or worse, look for girlfriends to have access to properties. Aside sa OFW and pinoys with money to buy, maybe thats just 30% to 20% left of buyers. Resale market now is hotcake because of developer's insane prices. I highly doubt your bubble is to be concerned right now since 40% of buyers are CASH basis. 60% are loan?? thats a stretch. Maybe 25% conservatively.

With all the beld beld beld hype right now, meter is on the side of good. Property bubble hype was existent since 2008. Owners who bought at that time already doubled or maybe tripled their investment right now. I see buyers taking it at resale market. Maybe around 30% less than developer dumb-ass price.

These are just my point of view tho.

[yebo]

^^^ baka nga more than double na sa pogo areas. Yung 2br condo na nabili ko sa qc for 3.2M in 2012 selling na for 7.4M ngayon. Kung sa manila/pasay area pa yan baka yung condo na nabili nung 2012 triple na ngayon presyo.

[madball]

Maybe im a reluctant patriot uls. I know where its heading if the shits hits the fan.

So maybe i just expressing out, kasi diba pinagaralan namin natin dati 2008 financial crisis and the subprime.

In this case the subprime will be not be the foreigness, but these countrymen of ours na bibile ng overprced properties just because it’s so traffic. And are lured to the “luxury” life but not really premium property.

That's why more regulations are needed for the growing online gambling industry.

New taxes should be imposed on foreign buyers. Property speculation should be targeted as well.

[minicarph]

So how do you say na may property bubble ?

AFAIK,

One of China's contributor of their fake GDP are their rising properties. Its high coz they are required to have a property to build a family. Sa kanila mas prone ang bubble coz these properties are being loaned there. Dito sa pinas, hindi ni niloloan. Borrowing from banks was a ridiculous option for them, I should know coz I work with them everyday. If they can't afford to buy on their own backyard, they buy here in PH. All of these properties are just stuck there, no need to fill up. It served its purpose. Same here sa pinas. Ma fill up man yan ng rent or what, it wont have any effect as long as they bought it in cash.

YES, yung 60% na snasabi mo are being manipulated as well. SOLD OUT is their BS illusion. I also add that these Chinese buyers get pinoy dummy accounts (partnership) or worse, look for girlfriends to have access to properties. Aside sa OFW and pinoys with money to buy, maybe thats just 30% to 20% left of buyers. Resale market now is hotcake because of developer's insane prices. I highly doubt your bubble is to be concerned right now since 40% of buyers are CASH basis. 60% are loan?? thats a stretch. Maybe 25% conservatively.

With all the beld beld beld hype right now, meter is on the side of good. Property bubble hype was existent since 2008. Owners who bought at that time already doubled or maybe tripled their investment right now. I see buyers taking it at resale market. Maybe around 30% less than developer dumb-ass price.

These are just my point of view tho.

there will be a property condo bubble nag natapos Skyway NLEX to SLEX, MRT7, the extended MRT to Antipolo, the C5 Southlink, the bridges between Ortigas and BGC, Rockwell and mandaluyong, and that Intramuros bridge. and the phase out of jeepneys, and the new LTFRB project sa subsided PUVs

suma total pag natapos ang Build Build Build ni myPres, and the roads clear, those condos will not be in demand anymore.

now, the problem is etong mga kababayan natin who bought those condos on loan, usually payable in 15-20 years Yan under Pag-ibig or any other bank.

we have to be very concerned coz these are the millennials who bought those condos. pag Hindi nakabayad yan, apektado tayong lahat

[minicarph]

That's why more regulations are needed for the growing online gambling industry.

New taxes should be imposed on foreign buyers. Property speculation should be targeted as well.

The Chinese are already here in Ortigas Centre, my turf. kasabay ko na sa Galleria Megamall or even Ayala 30th.

Eto mga batch nato hinde nato sa Entertainment City nag-work, I think these are the BPO Mandarin Agents na.

in our condo alone, Dami nagtatanong kung gusto ibenta units.

these can also cause a short bubble bursting coz the Chinese are getting smart, instead of going for the brand new ones na condo, mukang Bibile sila ng mga condos na mga 10-15 years old na para makatipid na din siguro as they learn and learn how to live here in the Metro .

Ganito kasi yan, a brand new Ayala condo with one bedroom is like 7M, but with the old condos, you can get a 3 bR for like 4.5M with parking pa , of course luma na condo with ageing elevators and smelly corridors as well as parking spaces na hinde well lit or pinturado


Actually, in the Fort Area, if the Chinese are smart, they should go for the Forbes Town Condos yun nasa dulo, second hand but more affordable and bigger units pa, as well yun mga old condos near the Libingan ng Bayani

[minicarph]

anong laban ng local renters sa china gambling operators?

kung ikaw landlord you're gonna kick out your existing tenants coz somebody else is willing to pay much more

holistic ako mag isep kasi uls. ang basis mo lang kasi is the financial markets na monitor me everyday.

there's more to that. as we speak, Ayala 30th is already closing a lot of tenants (halos buong 2nd floor sa liked sarado na), and they have yet to build a condo beside Ayala 30th to cater the St. Paul Pasig families and other schools nearby.

medyo reckless na kasi magbenta ngaun ng properties, kasi kesyo may katabi mall, laki swimming pool or gym just to jack up the prices.

and I have seen the underground economy in Facebook, the ones who will kill or get the marketshare of the Fast-food giants in the years t come. these kitchen experts utilities mass production of lunch box meals, diet meals and utilise Lalamove or GrabFood.

syempre, kung san makakatipid ang empleyado dun sya. so pano na, these condos rely on commercial renters sa ibaba or light malls as we call it. tapas bagsak ang income ng malls sa baba, and dun nga sila nag-rely para ma-jack up prices ng condo.

and need I start with Lazada and Shopee for retail pa .


----

nanonood din ako ng Dead Mall Series sa America, and how the malls there died. hawa-hawa yan until yun nga property bubble.

[uls]

Mahilig pa mag mall ang mga pinoy

We're still years away from what's happening in the states