Does investing on a condominium still a good idea?

[dr. d]

I have officemates that do that but I can't because I'm not used to sharing space

well,
privacy does have a price.

[ice15]

2BR End Unit with Balcony
43rd floor (Penthouse)
71sq.m Semi furnished - sofa,
4 seater dining table and TV
✅ 35K monthly
Minimum 1 year contract
2 months deposit 1 month advance + 11 PDCs


example ng upahan 2bedroom unit ngayon bagsak presyo

magkano monthly dues sa 71sqm tapos 35thou lang pinapaupa luging-lugi may-ari. Ang dues nyan nasa 7thou so kumita ka ng 28thou ang liit juicecolored. Eh paano pa mga buwan walang umuupa natengga = super juicecolored buwan-buwan 7thou abono aruy!!!

Kung ikaw naman rerrenta sa ganyan presyo magbahay ka na may parking pa.

yan sinasabi ko way back pa pag above 20sqm pabigat ng pabigat dues. Gaano ka tatagal mag-aabono.

you may be assuming that the owner is in dire need of money.
i know of many folks whose condo units are un-used, and they are not desperate to rent them out.

clearly, you and these condo owners are not thinking on the same floor.

as posted before,
"buy a condo because you will use it, and not because you intend to make money renting it out."

IMO... again sino developer and saan yung location?

BGC and Rockwell condos are still priced well (sale and rent)

Dito sa amin, 35K is 2bedroom (50sqm) unit with parking. although some owners bumibigay na sa 30K kung 1 year lang.

[papi smith]

IMO... again sino developer and saan yung location?

BGC and Rockwell condos are still priced well (sale and rent)

Dito sa amin, 35K is 2bedroom (50sqm) unit with parking. although some owners bumibigay na sa 30K kung 1 year lang.

Are you into renting condos for passive income? If yes, what is the return per year relative to purchase price?

[ice15]

Are you into renting condos for passive income? If yes, what is the return per year relative to purchase price?

no, we are managing a unit for our friend.

her unit will have to be rented our for 156 months to break even (condo dues included, pero I did not calculate the local taxes)

if she can sell her unit after 10 years... bawi na sya.

our unit is 500K more expensive + we spent more than 2M for the reno kaya its the "condo na titirahan" we don't see it as an investment.

***

for me, another reason why important ang developer is that some developers take longer than usual to issue a title. without a title, you can't use your condo as loan collateral.

[papi smith]

13 years pala bawi lang, so if you include downtime mga 14 years, may repairs and maintenance pa. That's around 7% per month.

Will she be able to get the same price she got it for when she sells it later?

Bonds and equivalents yield 5% net. No headaches, and you get your principal back without any effort. Just saying, for comparison. after all, that's the title of the thread.

[kagalingan]

swerte mga nakabili studio unit example sa sun residence preselling at 1.4milyones 12years ago. Nung 2019 bago pandemic ang bentahan 2.4 to 2.6.

tapos ang paupa 15 to 18thou.

So depende sa condo if malapit university belt maganda presyuhan.

[dreamur]

For the enthusiasts

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[Deestone]

There is this developer who is selling 2.6M for one parking slot and they cut the price in half so it is now 1.3M plus taxes. Yes, it is really over price for just a parking slot.

[dreamur]

There is this developer who is selling 2.6M for one parking slot and they cut the price in half so it is now 1.3M plus taxes. Yes, it is really over price for just a parking slot.

Where is it located? Parking spaces in BGC are offered at that range actually.

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[dr. d]

There is this developer who is selling 2.6M for one parking slot and they cut the price in half so it is now 1.3M plus taxes. Yes, it is really over price for just a parking slot.

i'd take it, if i fancied it and i had loose money.
once it's gone, it's gone forever.