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

[aioshin]

Hi Mga Tsikoters,

Need an advise lang sana, I am here at davao, where a lot of lots and subdivision are currently rising outside of the city are, but there is phinma group putting a condo at the heart of the barangay Sasa, one of the main barangay at the city. Where beach, church, and schools are just on the vicinity. We reserved one unit, though no final approval yet on the processing, since the reservation is 15K only, so I reserved one. Is it a good investment? the equity will be payable for 24 months for 6K and then will be loaned thru pag-ibig later. Just want to hear anyone's advise since this condo thing is new here.

regards and happy holidays..

[shadow]

probably good for investment, like make it a rental for tourist etc, 'cuz I dont think anybody need a condo in the province where big lots are readily avaialble for a house, besides its the province, does it really have the traffic problem of manila? when commuting to/from work is a big hassle reason why most workers opting to buy condo in the CBD areas...

[crosswind]

It is not really a good invstment
condo units' price depriciate like
crazy unlike house n lot

[CVT]

Kung nakahiga sa pera,- bili ka...

Location is the most important....


“The measure of a man is what he does with power – LJIOHF!”
Duterte for President of the Philippines in 2016!
25.3K:charot:

[aioshin]

probably good for investment, like make it a rental for tourist etc, 'cuz I dont think anybody need a condo in the province where big lots are readily avaialble for a house, besides its the province, does it really have the traffic problem of manila? when commuting to/from work is a big hassle reason why most workers opting to buy condo in the CBD areas...

Well, Davao is a city now, not like manila though in terms of traffic and population. Yeah, probably, it will be good for Rental but I still have hesitation even if I made a reservation.

Kung nakahiga sa pera,- bili ka...

100% no, but at least on the tune of what you have said, Condo investment is for the RICH and Politicians. Need this kind of advise for me to backout.


Thanks for the replies..

[1D4LV]

nope. its not a wise investment. most condo properties peak their appreciation at around 8-10 years. afterwards, its a downward trend. so you have to recuperate and earn from your investment during these years. not to mention may mga costs ka pa like association dues, parking expenses, etc.

tama si cvt, unless nakahiga ka sa pera ok lang.

[foresterx]

It is not really a good invstment
condo units' price depriciate like
crazy unlike house n lot

not really, depends on the developer and area din siguro. got a condo last year pre selling pa lang and now it hasn't been turned over yet to unit owners and the price already increased by 20%. my friends unit here in my condo was sold for 35M when he only got it for 20M 5 years ago. in my area ubusan talaga ng units bago man or luma and every year tumataas for the past 12 years.

[EQAddict]

I invested in a couple of units in BGC . Am happy with the appreciation of the value and am looking forward to some nice rental returns. But land is a better long term investment in this asset class. The south is where i am investing.

[A121]

How about living in one? Usually nakikita ko mga bahay ay sa cavite at bulacan.

[EQAddict]

If its in a nice area then should be a good and convenient place to live in.