Does investing on a condominium still a good idea?

[oliver1013]

Yep may zero interest payment schemes, ang mga developer. Yung mga straight payments. Minsan nga may discount pa.

[nic]

Mayroong nagbibigay lang ng 3% interest, and you pay in 3 years. I'd suggest you grab this.

And your cash,- invest it to earn more than that interest.

This is what we're doing....

14.0K:bike3:

Wow ang baba ng 3%! Sa bank ko 9.75%.

Yep may zero interest payment schemes, ang mga developer. Yung mga straight payments. Minsan nga may discount pa.

After I visited my doctor in Megamall, sumilip ako sa showroom ng Empire East kasi halos katapat lang ng clinic. Meron din sila 0%, pero sa downpayment lang pala yun na payable in 2 years yata. After nun, yung balance, financed din. In-house nila is 11%. Sa Grove (by Rockwell) and SMDC ganun din daw according sa friend ko na bumili.

[pup2]

I dont think so. Look at the finished condos recently in the metro. Notice how few lights are on, say, after dinner? Those are the units actually occupied. The rest are absentee-owners or investors like you who will likely also want to rent out or sell. This means there are way fewer people who actually want to LIVE in the condos than those who are willing to INVEST in them. Meaning there is much more potential supply than there is demand.

Perhaps a few years ago, the market for units were much more than the supply. Students, half-way houses of rich folks from the province, OFWs, retirees, etc were a large market. This resulted in prices going through the roof. Nowadays, the only indication of price increase you're likely to get is from the developer. Sadly, when it's actually time to sell, you will get a selling price NOWHERE NEAR what they quoted you.

Remember, as it is with normal investing, by the time you spot a trend, it's usually too late. Or it was just a bubble that's going to burst. IMO, that's what our condo market is right now -- a big fat bubble.

[rollyic]

you might want to consider this....
Flair Towers DMCI Mandaluyong - DMCI Homes

very good location and resort type design.

i can refer you to my cousin.

[wranglerboy]

sana hindi OT...
bought one unit (installment) at Victoria Towers - Tower D sa Timog Aug. of last year. Unfortunately may CDO pala as per web site ng HLURB issued last July of 2010. Patay ( Called up the Legal Assistance of HLURB to seek advice/help. Sabi sa akin na
to talk or send a letter to New San Builders, Inc. (NSJBI) to ask for an explanation about the
cease & decease order, then its up for me to decide if I want to get a refund or otherwise.

Any advice from anyone is highly appreciated.
Planning to go to NSJBI office this coming monday...TIA!

[_Qwerty_]

hindi ba natuloy yang Victoria Towers? anong floor na nung nahinto?? bakit daw?

sana hindi OT...
bought one unit (installment) at Victoria Towers - Tower D sa Timog Aug. of last year. Unfortunately may CDO pala as per web site ng HLURB issued last July of 2010. Patay ( Called up the Legal Assistance of HLURB to seek advice/help. Sabi sa akin na
to talk or send a letter to New San Builders, Inc. (NSJBI) to ask for an explanation about the
cease & decease order, then its up for me to decide if I want to get a refund or otherwise.

Any advice from anyone is highly appreciated.
Planning to go to NSJBI office this coming monday...TIA!

[wranglerboy]

hindi ba natuloy yang Victoria Towers? anong floor na nung nahinto?? bakit daw?

hindi ko nga alam kung huminto? as of last sunday - sept.11, excavation pa rin sa site ang nakita ko for Tower D. sabi ko nga sa legal assistance eh bakit parang tuloy pa rin ang advertisement at marketing nila... sabi ng kausap ko na baka matigas ang ulo, kasi daw pag nag-issue sila ng CDO eh limited time lang daw ang binibigay nila for the developer to comply with the requirements...actually amg tanda ko meron din big developers doon sa list of projects with CDO i.e. SM, Phinma etc.parang Ayala lang yata ang hindi ko nakita.

[pink888]

Hi guys!

I'm a Sales Manager of SMDC.. If you wanna invest ha.. Please let me know..

We have quality condo units that are affordably priced.. 5,000 lang per month.. Thanks

[oliver1013]

hindi ko nga alam kung huminto? as of last sunday - sept.11, excavation pa rin sa site ang nakita ko for Tower D. sabi ko nga sa legal assistance eh bakit parang tuloy pa rin ang advertisement at marketing nila... sabi ng kausap ko na baka matigas ang ulo, kasi daw pag nag-issue sila ng CDO eh limited time lang daw ang binibigay nila for the developer to comply with the requirements...actually amg tanda ko meron din big developers doon sa list of projects with CDO i.e. SM, Phinma etc.parang Ayala lang yata ang hindi ko nakita.

Im in the midst of a transaction with ayala regarding an acquisition of a very large and prime property in MM, all I can say is talagang metikuloso sila at very professional. Walang shortcut shortcut at ang taxes ayaw mag undervalue which is unique IMO.