Does investing on a condominium still a good idea?

**rollyic** · September 15th, 2011 12:44 AM

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** · September 16th, 2011 12:52 PM

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_** · September 16th, 2011 01:11 PM

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

Originally Posted by 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!

**wranglerboy** · September 16th, 2011 02:46 PM

Originally Posted by _Qwerty_

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** · September 17th, 2011 04:18 PM

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** · September 30th, 2011 09:47 AM

Originally Posted by wranglerboy

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.

**KERSMcRae** · September 30th, 2011 09:57 AM

IMO, investing on a condo is not good idea. After 40 years, baka gibain na ang building lalo na kung high rise, considering the life span of new condo buildings & their pathetic exterior designs. Lalo na ang isang real estate co. na unit lang ang ibebenta sa yo. Yung lupa ay kanila pa rin. In that case, hindi mo maipapamana sa mga anak (or apo) mo.

That's why we opted for house and lot instead of condo.

**_Qwerty_** · September 30th, 2011 10:10 AM

the developer or the real estate DOES NOT own the lot in a condo. The lot is owned by the condo corp or the home owners association.. if there are 500 units in a condo and you own 1 unit.. you own 1/500 of the lot.

Originally Posted by KERSMcRae

IMO, investing on a condo is not good idea. After 40 years, baka gibain na ang building lalo na kung high rise, considering the life span of new condo buildings & their pathetic exterior designs. Lalo na ang isang real estate co. na unit lang ang ibebenta sa yo. Yung lupa ay kanila pa rin. In that case, hindi mo maipapamana sa mga anak (or apo) mo.

That's why we opted for house and lot instead of condo.