Advise needed - is getting a Condo unit a good investment?

[dr. d]

no.
condos are not forever. house and lot are.
you should get one because you need it, not because you intend to make money out of it. the only surefire method i can think of where you can make money, is by buying cheap during the building process, and then selling it soon after completion. but only if you do manage to sell it at a profit. the rest are gambles..
just imagine... a building full of condos for long or short term rental.. why do you think yours will be the sought-after one?
but if you see a boom in population in the area...

my investment adviser..

[macsd]

If your in a prime location, yes it will be a good buy but if it's like those mga nagsusulputang mga kabute na condo, it's going to be good bye.

[badkuk]

Not a real estate expert, but if properties are still available and reasonably priced, and you feel the area is on the up and up, buy actual property if you can. When the time comes, you won't even need to build anything on it, sasabay na yan sa pagtaas ng property value.

[dr. d]

think dubai..

[leodawesome]

How long would you pay for it with Pag-ibig? Do you think the area can become a BGC or Ayala area of Davao? If not, might as well invest on a lot. Saken lang, if you can afford a lot now, then grab it. Yung mga palayan sa province ngayon ginagawa na ding subdivision.

[aioshin]

thanks for the feedback Tsikoters, many times i am computing and again and again reading this thread, in a short period, I realized, yes you are correct, there are still a real property like LOT that are available here. I actually will give up the slot I got.. (got the reservation of 15K) so I will have a friend that is interested to take over it, with the return of 15K..

[PaulGambino]

First rule..

Never ever consider a condo unit as an investment if you cant buy it in cash during pre-selling period.

That's what those property consultants will not tell you.


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[_Cathy_]

First rule..

Never ever consider a condo unit as an investment if you cant buy it in cash during pre-selling period.

That's what those property consultants will not tell you.


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Why is that?

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[yebo]

Why is that?

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discounts? some offer up to 20% off, sometimes even up to 25% if you buy in cash during the preselling period.

[badkuk]

kasi me charges sa financing/installment?